Jackson Square Partners LLC Decreases Holdings in LendingClub Corporation $LC

Jackson Square Partners LLC decreased its stake in LendingClub Corporation (NYSE:LC) by 62.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,623 shares of the credit services provider’s stock after selling 199,678 shares during the period. Jackson Square Partners LLC owned 0.11% of LendingClub worth $1,863,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LC. AQR Capital Management LLC increased its stake in shares of LendingClub by 165.1% during the 1st quarter. AQR Capital Management LLC now owns 33,788 shares of the credit services provider’s stock worth $349,000 after purchasing an additional 21,045 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in LendingClub by 1.4% during the first quarter. Goldman Sachs Group Inc. now owns 852,005 shares of the credit services provider’s stock valued at $8,793,000 after purchasing an additional 12,019 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in LendingClub by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 300,658 shares of the credit services provider’s stock valued at $3,103,000 after purchasing an additional 11,407 shares during the period. Janney Montgomery Scott LLC purchased a new stake in LendingClub in the second quarter worth $458,000. Finally, KLP Kapitalforvaltning AS raised its stake in shares of LendingClub by 5.3% in the second quarter. KLP Kapitalforvaltning AS now owns 25,840 shares of the credit services provider’s stock valued at $311,000 after buying an additional 1,300 shares during the period. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LendingClub

In related news, Director Erin Selleck sold 2,390 shares of LendingClub stock in a transaction on Friday, December 5th. The stock was sold at an average price of $19.47, for a total transaction of $46,533.30. Following the completion of the sale, the director owned 76,377 shares of the company’s stock, valued at approximately $1,487,060.19. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.19% of the company’s stock.

LendingClub Trading Up 8.0%

Shares of LendingClub stock opened at $16.95 on Friday. The company’s 50-day moving average price is $19.30 and its 200-day moving average price is $17.39. LendingClub Corporation has a 12-month low of $7.90 and a 12-month high of $21.67. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 14.74 and a beta of 2.08.

LendingClub (NYSE:LC) last posted its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $266.47 million for the quarter, compared to analysts’ expectations of $262.88 million. LendingClub had a net margin of 13.58% and a return on equity of 9.62%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, sell-side analysts predict that LendingClub Corporation will post 0.72 earnings per share for the current year.

LendingClub announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the credit services provider to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LC. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Citizens Jmp raised shares of LendingClub from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Monday, November 10th. BTIG Research reiterated a “buy” rating and set a $26.00 target price on shares of LendingClub in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of LendingClub from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

LendingClub Profile

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.