Legato Capital Management LLC Grows Stock Holdings in LendingClub Corporation $LC

Legato Capital Management LLC grew its holdings in LendingClub Corporation (NYSE:LC) by 160.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,927 shares of the credit services provider’s stock after acquiring an additional 60,955 shares during the period. Legato Capital Management LLC owned about 0.09% of LendingClub worth $1,874,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of LendingClub in the 3rd quarter valued at $26,000. International Assets Investment Management LLC purchased a new stake in shares of LendingClub in the 4th quarter valued at $40,000. Quarry LP boosted its holdings in shares of LendingClub by 343.0% in the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 2,346 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of LendingClub in the 2nd quarter valued at $53,000. Finally, Larson Financial Group LLC boosted its holdings in shares of LendingClub by 1,435.4% in the 4th quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock valued at $58,000 after acquiring an additional 2,842 shares during the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LC shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Stephens reissued an “overweight” rating and set a $22.50 price target (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Finally, BTIG Research reissued a “buy” rating and set a $26.00 price target on shares of LendingClub in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, LendingClub has an average rating of “Moderate Buy” and an average target price of $23.07.

LendingClub Stock Performance

NYSE:LC opened at $15.64 on Friday. The company has a fifty day moving average of $15.54 and a two-hundred day moving average of $17.13. The stock has a market capitalization of $1.80 billion, a PE ratio of 10.49 and a beta of 2.00. LendingClub Corporation has a fifty-two week low of $9.70 and a fifty-two week high of $21.67.

LendingClub (NYSE:LC) last posted its quarterly earnings data 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 company had revenue of $252.25 million during the quarter, compared to analysts’ expectations of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. Research analysts forecast that LendingClub Corporation will post 1.72 earnings per share for the current year.

Insiders Place Their Bets

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total transaction of $36,949.40. Following the completion of the transaction, the director directly owned 78,767 shares in the company, valued at approximately $1,217,737.82. This represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.19% of the company’s stock.

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.