SG Americas Securities LLC Increases Stake in LendingClub Co. (NYSE:LC)

SG Americas Securities LLC boosted its holdings in LendingClub Co. (NYSE:LC - Free Report) by 699.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 318,745 shares of the credit services provider's stock after purchasing an additional 278,879 shares during the period. SG Americas Securities LLC owned approximately 0.28% of LendingClub worth $5,160,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LC. AlphaMark Advisors LLC bought a new stake in LendingClub during the 3rd quarter valued at $32,000. FMR LLC grew its stake in shares of LendingClub by 32.1% in the third quarter. FMR LLC now owns 5,865 shares of the credit services provider's stock worth $67,000 after purchasing an additional 1,424 shares during the last quarter. Blue Trust Inc. increased its holdings in LendingClub by 259.8% during the 3rd quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider's stock valued at $83,000 after purchasing an additional 5,247 shares during the period. Hsbc Holdings PLC raised its position in LendingClub by 38.3% during the 2nd quarter. Hsbc Holdings PLC now owns 16,748 shares of the credit services provider's stock valued at $141,000 after purchasing an additional 4,640 shares during the last quarter. Finally, Alpha Cubed Investments LLC purchased a new stake in LendingClub in the 3rd quarter worth approximately $170,000. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

LendingClub Stock Performance

Shares of LendingClub stock traded up $0.11 during midday trading on Friday, hitting $17.05. The company had a trading volume of 1,275,738 shares, compared to its average volume of 1,190,928. LendingClub Co. has a 52-week low of $7.48 and a 52-week high of $18.75. The stock has a market capitalization of $1.92 billion, a P/E ratio of 37.07 and a beta of 2.03. The company has a 50 day moving average of $16.31 and a 200 day moving average of $13.40.

LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. The firm had revenue of $201.90 million during the quarter, compared to the consensus estimate of $190.40 million. During the same period last year, the company earned $0.05 earnings per share. The company's revenue was up .5% on a year-over-year basis. Equities research analysts forecast that LendingClub Co. will post 0.47 EPS for the current year.

Insider Buying and Selling at LendingClub

In other LendingClub news, Director John C. Morris sold 2,500 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $14.36, for a total value of $35,900.00. Following the completion of the transaction, the director now owns 203,348 shares of the company's stock, valued at approximately $2,920,077.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jordan Cheng sold 22,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $14.83, for a total transaction of $326,260.00. Following the transaction, the general counsel now owns 89,385 shares in the company, valued at $1,325,579.55. This represents a 19.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,500 shares of company stock worth $1,158,610. 3.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LC. Wedbush boosted their target price on LendingClub from $14.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Maxim Group upped their price objective on shares of LendingClub from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. StockNews.com lowered shares of LendingClub from a "hold" rating to a "sell" rating in a research note on Friday, October 25th. Piper Sandler raised their price objective on shares of LendingClub from $15.00 to $20.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, Compass Point upped their target price on LendingClub from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, LendingClub presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.63.

LendingClub 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.