18,040 Shares in LendingClub Co. (NYSE:LC) Acquired by RIA Advisory Group LLC

RIA Advisory Group LLC bought a new position in shares of LendingClub Co. (NYSE:LC) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,040 shares of the credit services provider’s stock, valued at approximately $158,000.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of LendingClub during the 1st quarter worth approximately $30,000. Envestnet Asset Management Inc. grew its holdings in LendingClub by 491.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 159,360 shares of the credit services provider’s stock valued at $35,000 after buying an additional 132,438 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in LendingClub by 367.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,607 shares of the credit services provider’s stock valued at $41,000 after buying an additional 2,049 shares in the last quarter. US Bancorp DE grew its holdings in LendingClub by 189.0% in the 2nd quarter. US Bancorp DE now owns 4,346 shares of the credit services provider’s stock valued at $42,000 after buying an additional 2,842 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in LendingClub by 40.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 8,217 shares of the credit services provider’s stock valued at $50,000 after buying an additional 2,377 shares in the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

LendingClub Stock Performance

LC opened at $7.90 on Friday. The firm has a market cap of $872.24 million, a P/E ratio of 21.97 and a beta of 1.98. LendingClub Co. has a 52-week low of $4.73 and a 52-week high of $10.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 0.89. The business’s fifty day moving average is $8.26 and its 200-day moving average is $7.46.

LendingClub (NYSE:LC) last released its earnings results on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $185.60 million for the quarter, compared to analyst estimates of $182.13 million. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. LendingClub’s quarterly revenue was down 29.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Sell-side analysts expect that LendingClub Co. will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of LendingClub in a report on Wednesday, January 31st. StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.30.

About LendingClub

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.