Dimensional Fund Advisors LP Buys 1,151,211 Shares of LendingClub Corporation (LC)

Dimensional Fund Advisors LP lifted its holdings in shares of LendingClub Corporation (NYSE:LC) by 31.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,823,940 shares of the credit services provider’s stock after acquiring an additional 1,151,211 shares during the period. Dimensional Fund Advisors LP owned approximately 1.19% of LendingClub Corporation worth $26,582,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. raised its stake in shares of LendingClub Corporation by 24.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 170,708 shares of the credit services provider’s stock worth $937,000 after buying an additional 33,116 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of LendingClub Corporation by 1.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 180,740 shares of the credit services provider’s stock worth $992,000 after buying an additional 2,934 shares during the period. Prudential Financial Inc. raised its stake in shares of LendingClub Corporation by 3.6% during the 1st quarter. Prudential Financial Inc. now owns 21,680 shares of the credit services provider’s stock worth $119,000 after buying an additional 760 shares during the period. Teachers Advisors LLC raised its stake in shares of LendingClub Corporation by 4.9% during the 1st quarter. Teachers Advisors LLC now owns 567,651 shares of the credit services provider’s stock worth $3,116,000 after buying an additional 26,710 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of LendingClub Corporation by 15.4% during the 1st quarter. Legal & General Group Plc now owns 118,368 shares of the credit services provider’s stock worth $649,000 after buying an additional 15,765 shares during the period. Institutional investors and hedge funds own 88.28% of the company’s stock.

Several analysts have issued reports on LC shares. ValuEngine upgraded LendingClub Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Vetr cut LendingClub Corporation from a “buy” rating to a “hold” rating and set a $6.55 target price for the company. in a report on Monday, September 4th. Canaccord Genuity reiterated a “hold” rating and set a $7.00 price target on shares of LendingClub Corporation in a report on Monday, November 6th. CIBC upgraded LendingClub Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 3rd. Finally, Credit Suisse Group lowered their target price on LendingClub Corporation from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. LendingClub Corporation has a consensus rating of “Hold” and a consensus target price of $6.89.

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Shares of LendingClub Corporation (NYSE:LC) opened at $4.25 on Tuesday. LendingClub Corporation has a 1 year low of $4.16 and a 1 year high of $6.78. The company has a debt-to-equity ratio of 3.52, a quick ratio of 16.90 and a current ratio of 18.02.

In other news, insider Timothy Bogan sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $6.50, for a total transaction of $162,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel T. Ciporin purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $5.92 per share, for a total transaction of $59,200.00. Following the completion of the transaction, the director now directly owns 1,014,809 shares in the company, valued at approximately $6,007,669.28. The disclosure for this purchase can be found here. Insiders sold 166,449 shares of company stock valued at $1,018,866 in the last three months. 11.40% of the stock is currently owned by company insiders.

LendingClub Corporation Company Profile

LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.

Institutional Ownership by Quarter for LendingClub Corporation (NYSE:LC)

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