LendingClub Corporation $LC Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC grew its holdings in LendingClub Corporation (NYSE:LC) by 160.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,927 shares of the credit services provider’s stock after buying an additional 60,955 shares during the quarter. Legato Capital Management LLC’s holdings in LendingClub were worth $1,874,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of LendingClub in the third quarter valued at about $26,000. International Assets Investment Management LLC acquired a new stake in shares of LendingClub in the fourth quarter valued at about $40,000. Quarry LP raised its position in shares of LendingClub by 343.0% in the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock valued at $46,000 after buying an additional 2,346 shares during the last quarter. Larson Financial Group LLC raised its position in shares of LendingClub by 1,435.4% in the fourth quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock valued at $58,000 after buying an additional 2,842 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of LendingClub in the third quarter valued at about $59,000. 74.08% of the stock is currently owned by institutional investors and hedge funds.

LendingClub Stock Performance

NYSE LC opened at $15.64 on Friday. The firm has a 50 day simple moving average of $15.54 and a 200-day simple moving average of $17.13. LendingClub Corporation has a one year low of $9.70 and a one year high of $21.67. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 10.49 and a beta of 2.00.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The business had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. During the same quarter last year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. Equities analysts predict that LendingClub Corporation will post 1.72 EPS for the current fiscal year.

Insider Activity at LendingClub

In other news, Director Erin Selleck sold 2,390 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the transaction, the director owned 78,767 shares of the company’s stock, valued at approximately $1,217,737.82. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Stephens reiterated an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, LendingClub presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

About LendingClub

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.