Precision Wealth Strategies LLC Purchases New Stake in LendingClub Corporation $LC

Precision Wealth Strategies LLC acquired a new position in shares of LendingClub Corporation (NYSE:LC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,405 shares of the credit services provider’s stock, valued at approximately $407,000.

Several other large investors have also recently bought and sold shares of LC. Jennison Associates LLC acquired a new stake in LendingClub in the first quarter valued at $668,000. Hillsdale Investment Management Inc. grew its stake in shares of LendingClub by 3,750.0% during the 1st quarter. Hillsdale Investment Management Inc. now owns 16,940 shares of the credit services provider’s stock worth $243,000 after purchasing an additional 16,500 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in shares of LendingClub by 21.3% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 700,631 shares of the credit services provider’s stock valued at $10,033,000 after purchasing an additional 123,040 shares in the last quarter. Emerald Advisers LLC increased its holdings in shares of LendingClub by 19.2% in the 1st quarter. Emerald Advisers LLC now owns 927,596 shares of the credit services provider’s stock valued at $13,283,000 after purchasing an additional 149,388 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of LendingClub in the first quarter valued at about $1,054,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

LendingClub Price Performance

Shares of NYSE LC opened at $19.21 on Monday. LendingClub Corporation has a 12-month low of $10.74 and a 12-month high of $21.67. The company has a market capitalization of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98. The firm’s 50-day moving average is $17.91 and its two-hundred day moving average is $17.13.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Andrew Labenne sold 20,000 shares of LendingClub stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $17.00, for a total transaction of $340,000.00. Following the completion of the sale, the chief financial officer owned 234,955 shares in the company, valued at approximately $3,994,235. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jordan Cheng sold 5,500 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $17.46, for a total transaction of $96,030.00. Following the completion of the transaction, the general counsel directly owned 108,074 shares of the company’s stock, valued at $1,886,972.04. The trade was a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 119,750 shares of company stock worth $2,183,691 in the last ninety days. 3.19% of the stock is currently owned by insiders.

LendingClub Company 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.