AlphaMark Advisors LLC Buys Shares of 2,800 LendingClub Co. (NYSE:LC)

AlphaMark Advisors LLC acquired a new stake in shares of LendingClub Co. (NYSE:LC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,800 shares of the credit services provider’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LC. EntryPoint Capital LLC raised its stake in shares of LendingClub by 44.9% during the first quarter. EntryPoint Capital LLC now owns 7,514 shares of the credit services provider’s stock valued at $66,000 after purchasing an additional 2,328 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of LendingClub during the second quarter valued at about $71,000. Innealta Capital LLC acquired a new position in LendingClub during the second quarter worth about $72,000. SG Americas Securities LLC grew its holdings in LendingClub by 16.3% during the second quarter. SG Americas Securities LLC now owns 12,344 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 1,732 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in LendingClub during the first quarter worth about $129,000. 74.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised LendingClub from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.50 to $15.00 in a report on Thursday, October 10th. Jefferies Financial Group lifted their target price on LendingClub from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their target price on LendingClub from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Wedbush lifted their target price on LendingClub from $11.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, StockNews.com raised LendingClub from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, LendingClub presently has a consensus rating of “Moderate Buy” and an average target price of $13.57.

LendingClub Trading Down 1.9 %

Shares of LC opened at $12.68 on Friday. The business’s 50-day moving average price is $11.47 and its 200 day moving average price is $9.88. The stock has a market capitalization of $1.41 billion, a P/E ratio of 37.29 and a beta of 2.04. LendingClub Co. has a 1-year low of $4.73 and a 1-year high of $13.63.

LendingClub (NYSE:LC) last released its earnings results on Tuesday, July 30th. The credit services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.09. LendingClub had a return on equity of 3.38% and a net margin of 5.61%. The company had revenue of $187.20 million for the quarter, compared to analysts’ expectations of $177.03 million. During the same quarter in the previous year, the business posted $0.09 EPS. The business’s revenue for the quarter was down 19.5% on a year-over-year basis. On average, research analysts predict that LendingClub Co. will post 0.38 earnings per share for the current year.

Insider Buying and Selling at LendingClub

In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of LendingClub stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $11.36, for a total transaction of $193,120.00. Following the transaction, the chief executive officer now owns 1,373,273 shares of the company’s stock, valued at $15,600,381.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 51,703 shares of company stock valued at $562,705 in the last 90 days. 3.31% of the stock is currently owned by corporate insiders.

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.