Legato Capital Management LLC Takes Position in LendingClub Corporation $LC

Legato Capital Management LLC acquired a new stake in shares of LendingClub Corporation (NYSE:LC) during the third quarter, according to its most recent filing with the SEC. The fund acquired 37,972 shares of the credit services provider’s stock, valued at approximately $577,000.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in LendingClub by 184.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,121,802 shares of the credit services provider’s stock valued at $32,230,000 after buying an additional 1,375,002 shares in the last quarter. Senvest Management LLC boosted its position in shares of LendingClub by 23.5% in the second quarter. Senvest Management LLC now owns 5,881,290 shares of the credit services provider’s stock valued at $70,752,000 after acquiring an additional 1,117,241 shares during the period. Azora Capital LP purchased a new position in LendingClub during the second quarter valued at approximately $8,030,000. SG Americas Securities LLC increased its holdings in LendingClub by 120.1% during the 3rd quarter. SG Americas Securities LLC now owns 649,753 shares of the credit services provider’s stock worth $9,870,000 after acquiring an additional 354,521 shares during the period. Finally, American Century Companies Inc. lifted its stake in LendingClub by 19.3% in the 3rd quarter. American Century Companies Inc. now owns 2,071,137 shares of the credit services provider’s stock worth $31,461,000 after purchasing an additional 334,914 shares in the last quarter. Institutional investors own 74.08% of the company’s stock.

LendingClub Price Performance

Shares of LC opened at $15.57 on Thursday. LendingClub Corporation has a 1 year low of $7.90 and a 1 year high of $21.67. The stock has a 50 day simple moving average of $18.05 and a two-hundred day simple moving average of $17.51. The firm has a market cap of $1.79 billion, a P/E ratio of 13.54 and a beta of 2.11.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share 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 analyst estimates of $262.88 million. During the same period in the previous year, the business posted $0.08 EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, equities analysts anticipate that LendingClub Corporation will post 0.72 earnings per share for the current year.

LendingClub declared that its Board of Directors has approved a share buyback program on Wednesday, November 5th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Erin Selleck sold 2,390 shares of LendingClub stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $19.47, for a total value of $46,533.30. Following the transaction, the director owned 76,377 shares in the company, valued at approximately $1,487,060.19. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LC. Piper Sandler restated an “overweight” rating and set a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Janney Montgomery Scott boosted their target price on LendingClub from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a research note on Monday, December 29th. Wall Street Zen downgraded LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, JPMorgan Chase & Co. boosted their price objective on LendingClub from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. One research 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 data from MarketBeat.com, LendingClub has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

LendingClub 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.