Principal Financial Group Inc. Purchases Shares of 109,065 LendingClub Corporation $LC

Principal Financial Group Inc. purchased a new stake in LendingClub Corporation (NYSE:LC) during the third quarter, HoldingsChannel reports. The institutional investor purchased 109,065 shares of the credit services provider’s stock, valued at approximately $1,657,000.

A number of other hedge funds have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in LendingClub in the 2nd quarter valued at approximately $53,000. State of Alaska Department of Revenue acquired a new stake in shares of LendingClub in the third quarter valued at approximately $69,000. Marex Group plc bought a new stake in shares of LendingClub in the second quarter worth $120,000. MQS Management LLC acquired a new position in LendingClub during the second quarter worth $121,000. Finally, Systematic Alpha Investments LLC acquired a new position in LendingClub during the second quarter worth $122,000. 74.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LC. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingClub in a research note on Monday, December 29th. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price target on LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Keefe, Bruyette & Woods boosted their price target on LendingClub from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Citizens Jmp raised LendingClub from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LendingClub currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

LendingClub Trading Down 0.5%

LC stock opened at $15.51 on Wednesday. LendingClub Corporation has a 1-year low of $7.90 and a 1-year high of $21.67. The business’s 50 day simple moving average is $18.91 and its 200 day simple moving average is $17.52. The firm has a market capitalization of $1.79 billion, a PE ratio of 13.49 and a beta of 2.08.

LendingClub (NYSE:LC) last released its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The firm had revenue of $266.47 million during the quarter, compared to analysts’ expectations of $262.88 million. During the same period in the previous year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. As a group, sell-side analysts predict that LendingClub Corporation will post 0.72 EPS for the current fiscal year.

LendingClub announced that its board has authorized a stock buyback program on Wednesday, November 5th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the credit services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at LendingClub

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $19.47, for a total value of $46,533.30. Following the transaction, the director directly owned 76,377 shares of the company’s stock, valued at $1,487,060.19. This represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.19% of the company’s stock.

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.