LendingClub Co. (NYSE:LC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of LendingClub Co. (NYSE:LC) by 617.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,696 shares of the credit services provider’s stock after acquiring an additional 228,684 shares during the period. International Assets Investment Management LLC owned 0.24% of LendingClub worth $2,322,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Miracle Mile Advisors LLC boosted its stake in LendingClub by 9.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 24,134 shares of the credit services provider’s stock worth $211,000 after buying an additional 2,000 shares during the last quarter. Maltin Wealth Management Inc. acquired a new stake in LendingClub in the 4th quarter worth about $87,000. SG Americas Securities LLC boosted its stake in LendingClub by 64.2% in the 4th quarter. SG Americas Securities LLC now owns 42,244 shares of the credit services provider’s stock worth $369,000 after buying an additional 16,519 shares during the last quarter. Grassi Investment Management boosted its stake in LendingClub by 8.0% in the 4th quarter. Grassi Investment Management now owns 137,050 shares of the credit services provider’s stock worth $1,198,000 after buying an additional 10,100 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in LendingClub by 547.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 137,865 shares of the credit services provider’s stock worth $841,000 after buying an additional 116,569 shares during the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wedbush restated an “outperform” rating and issued a $11.00 price objective on shares of LendingClub in a report on Wednesday, January 31st. StockNews.com downgraded LendingClub from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, LendingClub has an average rating of “Moderate Buy” and an average target price of $11.30.

LendingClub Stock Performance

Shares of LC opened at $7.91 on Friday. The business’s 50 day moving average is $8.26 and its two-hundred day moving average is $7.46. LendingClub Co. has a 52-week low of $4.73 and a 52-week high of $10.92. The firm has a market cap of $873.35 million, a price-to-earnings ratio of 21.97 and a beta of 1.98. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 0.01.

LendingClub (NYSE:LC) last announced its earnings results on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. The company had revenue of $185.60 million for the quarter, compared to analyst estimates of $182.13 million. During the same period in the prior year, the company posted $0.19 EPS. LendingClub’s quarterly revenue was down 29.3% on a year-over-year basis. Analysts forecast that LendingClub Co. will post 0.23 EPS for the current fiscal year.

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.