JPMorgan Chase & Co. Trims Stake in LendingClub Corporation $LC

JPMorgan Chase & Co. cut its holdings in shares of LendingClub Corporation (NYSE:LC) by 24.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 445,005 shares of the credit services provider’s stock after selling 140,158 shares during the quarter. JPMorgan Chase & Co. owned about 0.39% of LendingClub worth $6,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in LendingClub in the 3rd quarter valued at about $26,000. Quarry LP increased its position in shares of LendingClub by 343.0% during the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 2,346 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of LendingClub during the third quarter valued at about $59,000. Jones Financial Companies Lllp raised its stake in shares of LendingClub by 46.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,290 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of LendingClub in the 2nd quarter valued at approximately $53,000. 74.08% of the stock is owned by institutional investors and hedge funds.

LendingClub Stock Performance

Shares of LC stock opened at $14.25 on Wednesday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 12.39 and a beta of 2.11. The company has a 50 day moving average price of $15.92 and a 200 day moving average price of $17.23. LendingClub Corporation has a fifty-two week low of $7.90 and a fifty-two week high of $21.67.

LendingClub (NYSE:LC) last announced its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $262.88 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter 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, research analysts forecast that LendingClub Corporation will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LC shares. BTIG Research reaffirmed a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. Wall Street Zen lowered LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a research note on Monday, December 29th. 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. Finally, JPMorgan Chase & Co. lifted their price objective on LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LendingClub has an average rating of “Moderate Buy” and an average price target of $22.00.

Insider Activity

In other news, Director Erin Selleck sold 2,390 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $15.46, for a total value of $36,949.40. Following the sale, the director directly owned 78,767 shares in the company, valued at approximately $1,217,737.82. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.31% of the company’s stock.

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.