228,564 Shares in LendingClub Co. (NYSE:LC) Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC acquired a new stake in LendingClub Co. (NYSE:LC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 228,564 shares of the credit services provider's stock, valued at approximately $3,700,000. Brandywine Global Investment Management LLC owned approximately 0.20% of LendingClub at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LC. SBI Securities Co. Ltd. purchased a new stake in LendingClub in the 4th quarter valued at about $45,000. FMR LLC increased its position in shares of LendingClub by 32.1% during the third quarter. FMR LLC now owns 5,865 shares of the credit services provider's stock valued at $67,000 after acquiring an additional 1,424 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in LendingClub by 49.2% during the fourth quarter. Jones Financial Companies Lllp now owns 5,986 shares of the credit services provider's stock worth $97,000 after acquiring an additional 1,975 shares during the period. Sanctuary Advisors LLC bought a new position in LendingClub in the 4th quarter valued at $164,000. Finally, Vontobel Holding Ltd. bought a new position in LendingClub in the 4th quarter valued at $166,000. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LC has been the topic of a number of research analyst reports. StockNews.com raised shares of LendingClub from a "sell" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $16.00 target price (down from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. Piper Sandler reissued an "overweight" rating and set a $19.00 target price (down from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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Insider Transactions at LendingClub

In related news, CEO Scott Sanborn sold 17,000 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $13.76, for a total transaction of $233,920.00. Following the sale, the chief executive officer now owns 1,295,184 shares of the company's stock, valued at approximately $17,821,731.84. This represents a 1.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jordan Cheng sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total transaction of $98,700.00. Following the completion of the sale, the general counsel now owns 88,263 shares in the company, valued at $1,244,508.30. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company's stock.

LendingClub Stock Down 8.0 %

LC traded down $0.76 on Friday, hitting $8.68. The company's stock had a trading volume of 2,242,630 shares, compared to its average volume of 1,609,747. The company's 50 day simple moving average is $12.25 and its 200-day simple moving average is $13.89. LendingClub Co. has a 12 month low of $7.48 and a 12 month high of $18.75. The firm has a market cap of $983.61 million, a P/E ratio of 19.28 and a beta of 2.07.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.