Jennison Associates LLC Takes $668,000 Position in LendingClub Corporation $LC

Jennison Associates LLC purchased a new stake in shares of LendingClub Corporation (NYSE:LC) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 46,643 shares of the credit services provider’s stock, valued at approximately $668,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its position in shares of 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 acquiring an additional 71,141 shares during the last quarter. Vanguard Group Inc. grew its stake in LendingClub by 4.6% during 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 purchasing an additional 516,542 shares in the last quarter. Nicholas Investment Partners LP grew its stake in LendingClub by 144.7% during 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 purchasing an additional 419,417 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in LendingClub during the 3rd quarter worth approximately $2,718,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in 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 worth $6,227,000 after purchasing an additional 63,845 shares during the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LC shares. Stephens reiterated an “overweight” rating and set a $22.50 target price (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

Insider Buying and Selling at LendingClub

In other news, SVP Fergal Stack sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $19.00, for a total value of $1,140,000.00. Following the transaction, the senior vice president directly owned 204,977 shares in the company, valued at approximately $3,894,563. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 dated Tuesday, June 9th. The shares were sold at an average price of $18.00, for a total transaction of $88,182.00. Following the completion of the transaction, the chief executive officer directly owned 1,589,813 shares of the company’s stock, valued at $28,616,634. This trade represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 119,750 shares of company stock valued at $2,183,691 over the last three months. 3.19% of the stock is currently owned by company insiders.

LendingClub Stock Performance

Shares of NYSE LC opened at $19.21 on Thursday. LendingClub Corporation has a twelve month low of $10.74 and a twelve month high of $21.67. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 12.89 and a beta of 1.98. The business has a 50 day simple moving average of $18.09 and a 200-day simple moving average of $17.13.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $252.25 million for the quarter, compared to analysts’ expectations of $249.10 million. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.10 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. As a group, equities analysts predict that LendingClub Corporation will post 1.74 earnings per share for the current year.

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.