LendingClub Co. (NYSE:LC) Holdings Decreased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI reduced its position in shares of LendingClub Co. (NYSE:LC) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,120 shares of the credit services provider’s stock after selling 9,000 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in LendingClub were worth $342,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LC. State Street Corp grew its holdings in shares of LendingClub by 2.2% in the 3rd quarter. State Street Corp now owns 3,896,816 shares of the credit services provider’s stock worth $44,541,000 after acquiring an additional 82,315 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of LendingClub by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,559,805 shares of the credit services provider’s stock worth $29,265,000 after acquiring an additional 42,429 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of LendingClub by 98.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,547,342 shares of the credit services provider’s stock valued at $17,686,000 after buying an additional 766,287 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in LendingClub by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 998,148 shares of the credit services provider’s stock valued at $11,409,000 after acquiring an additional 45,307 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in LendingClub by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 924,843 shares of the credit services provider’s stock worth $14,973,000 after purchasing an additional 23,486 shares in the last quarter. Institutional investors own 74.08% of the company’s stock.

Insider Transactions at LendingClub

In related news, Director Michael P. Zeisser acquired 20,000 shares of LendingClub stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of $12.88 per share, with a total value of $257,600.00. Following the completion of the transaction, the director now directly owns 148,018 shares in the company, valued at $1,906,471.84. This trade represents a 15.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Jordan Cheng sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total transaction of $98,700.00. Following the sale, the general counsel now owns 88,263 shares of the company’s stock, valued at approximately $1,244,508.30. This represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,000 shares of company stock valued at $606,660 over the last quarter. Corporate insiders own 3.31% of the company’s stock.

LendingClub Stock Performance

Shares of LC stock opened at $10.39 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of 23.08 and a beta of 2.07. LendingClub Co. has a 52 week low of $7.48 and a 52 week high of $18.75. The stock’s fifty day moving average is $14.08 and its 200-day moving average is $13.92.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LC. JPMorgan Chase & Co. lowered their price target on LendingClub from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 price target (down previously from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $16.00 price objective (down previously from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

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.