LendingClub (NYSE:LC) SVP Sells $1,140,000.00 in Stock

by · The Markets Daily

LendingClub Corporation (NYSE:LC – Get Free Report) SVP Fergal Stack sold 60,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $19.00, for a total transaction of $1,140,000.00. Following the completion of the transaction, the senior vice president directly owned 204,977 shares of the company’s stock, valued at approximately $3,894,563. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Price Performance

Shares of LC stock traded up $0.40 during midday trading on Thursday, reaching $19.21. 2,293,320 shares of the company traded hands, compared to its average volume of 2,188,690. The firm’s 50 day simple moving average is $16.74 and its two-hundred day simple moving average is $17.14. LendingClub Corporation has a 1-year low of $10.74 and a 1-year high of $21.67. The firm has a market cap of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98.

LendingClub (NYSE:LC – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $252.25 million for the quarter, compared to analysts’ expectations of $249.10 million. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. As a group, research analysts anticipate that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LC has been the topic of several research reports. Stephens reissued an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.07.

Read Our Latest Analysis on LC

Institutional Trading of LendingClub

Several large investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of LendingClub by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock worth $357,000 after purchasing an additional 793 shares in the last quarter. Osaic Holdings Inc. lifted its stake in LendingClub by 8.8% in the 2nd quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider’s stock valued at $160,000 after buying an additional 1,084 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in LendingClub by 46.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after buying an additional 1,290 shares during the last quarter. ProShare Advisors LLC grew its holdings in LendingClub by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider’s stock valued at $392,000 after buying an additional 1,335 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in LendingClub by 13.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider’s stock worth $256,000 after buying an additional 1,645 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.

About LendingClub

(Get Free Report)

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.

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