BNP Paribas Financial Markets purchased a new stake in LendingClub Co. (NYSE:LC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,353 shares of the credit services provider's stock, valued at approximately $750,000.

A number of other large investors also recently modified their holdings of LC. Comerica Bank acquired a new position in LendingClub in the 4th quarter worth about $37,000. Northern Trust Corp grew its holdings in shares of LendingClub by 6.0% during the fourth quarter. Northern Trust Corp now owns 1,048,618 shares of the credit services provider's stock worth $16,977,000 after purchasing an additional 59,186 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of LendingClub in the fourth quarter valued at approximately $2,419,000. Nebula Research & Development LLC increased its stake in shares of LendingClub by 28.2% in the fourth quarter. Nebula Research & Development LLC now owns 19,877 shares of the credit services provider's stock valued at $322,000 after buying an additional 4,369 shares during the period. Finally, Sompo Asset Management Co. Ltd. bought a new position in LendingClub in the 4th quarter valued at approximately $631,000. 74.08% of the stock is currently owned by institutional investors.

Shares of LendingClub stock opened at $10.01 on Friday. The stock's 50-day moving average is $10.22 and its 200 day moving average is $13.29. LendingClub Co. has a one year low of $7.81 and a one year high of $18.75. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 22.24 and a beta of 2.35.

LendingClub (NYSE:LC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $217.71 million during the quarter, compared to the consensus estimate of $213.71 million. LendingClub had a net margin of 6.52% and a return on equity of 4.16%. The company's quarterly revenue was up 21670.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. On average, sell-side analysts expect that LendingClub Co. will post 0.72 EPS for the current fiscal year.

In other news, CEO Scott Sanborn sold 5,250 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $10.34, for a total transaction of $54,285.00. Following the completion of the sale, the chief executive officer now owns 1,297,782 shares in the company, valued at $13,419,065.88. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael P. Zeisser purchased 20,000 shares of LendingClub stock in a transaction that occurred on Wednesday, April 30th. The stock was acquired at an average cost of $9.35 per share, with a total value of $187,000.00. Following the transaction, the director now owns 174,138 shares in the company, valued at $1,628,190.30. This trade represents a 12.98% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 21,000 shares of company stock valued at $215,198. Corporate insiders own 3.19% of the company's stock.

LC has been the subject of several recent research reports. Piper Sandler restated an "overweight" rating and issued a $19.00 price target (down from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on LendingClub from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Keefe, Bruyette & Woods lowered their target price on LendingClub from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered LendingClub from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.75.

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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.

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