Precision Wealth Strategies LLC Purchases Shares of 28,405 LendingClub Corporation $LC

Precision Wealth Strategies LLC purchased a new position in shares of LendingClub Corporation (NYSE:LC) during the first quarter, HoldingsChannel reports. The institutional investor purchased 28,405 shares of the credit services provider’s stock, valued at approximately $407,000.

Other large investors also recently made changes to their positions in the company. Comerica Bank lifted its position in LendingClub by 6,520.7% during the fourth quarter. Comerica Bank now owns 72,232 shares of the credit services provider’s stock worth $1,368,000 after buying an additional 71,141 shares during the period. Vanguard Group Inc. grew its holdings in LendingClub by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after buying an additional 516,542 shares during the period. Nicholas Investment Partners LP grew its holdings in LendingClub by 144.7% in the 4th quarter. Nicholas Investment Partners LP now owns 709,206 shares of the credit services provider’s stock valued at $13,432,000 after buying an additional 419,417 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of LendingClub during the 3rd quarter valued at about $2,718,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of LendingClub by 24.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 327,727 shares of the credit services provider’s stock valued at $6,227,000 after acquiring an additional 63,845 shares during the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Insider Buying and Selling at LendingClub

In other LendingClub news, CFO Andrew Labenne sold 20,000 shares of LendingClub stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $17.00, for a total transaction of $340,000.00. Following the transaction, the chief financial officer directly owned 234,955 shares of the company’s stock, valued at $3,994,235. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Sanborn sold 4,899 shares of LendingClub stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $18.00, for a total transaction of $88,182.00. Following the transaction, the chief executive officer directly owned 1,589,813 shares in the company, valued at approximately $28,616,634. This trade represents a 0.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 119,750 shares of company stock worth $2,183,691 in the last quarter. Company insiders own 3.19% of the company’s stock.

LendingClub Stock Performance

LC stock opened at $19.21 on Monday. The stock has a 50-day moving average price of $17.91 and a two-hundred day moving average price of $17.13. LendingClub Corporation has a 12-month low of $10.74 and a 12-month high of $21.67. The company has a market cap of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98.

LendingClub (NYSE:LC) last released its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $252.25 million for the quarter, compared to the consensus estimate of $249.10 million. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. 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 forecast that LendingClub Corporation will post 1.74 EPS for the current fiscal year.

Analyst Ratings Changes

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