LendingClub Corporation (LC) Shares Sold by TIAA CREF Investment Management LLC

Paterniano Del Favero
Agosto 5, 2017

Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection.

Let's have a look at some of the important valuation ratios of the LendingClub Corporation (LC).

Looking forward, the company is expected to report earnings of $0.02 per share for the current quarter.

LendingClub Corporation was covered by a number of analysts recently, 2 rated the stock as Buy, 3 rated Outperform, 10 rated Hold, 0 gave an Underperform and 1 rated sell. Vetr downgraded shares of LendingClub Corporation from a "strong-buy" rating to a "buy" rating and set a $6.00 price objective for the company.in a research note on Tuesday, April 11th. Finally, UBS AG upgraded shares of LendingClub Corporation from a neutral rating to a positive rating in a report on Monday, May 1st. Stifel Nicolaus started coverage on shares of LendingClub Corporation in a research note on Wednesday, April 19th. The stock now has a consensus rating of "Hold" and a consensus target price of $6.51. The company now has a consensus rating of Hold and a consensus target price of $6.51.

LendingClub Corporation (NYSE LC) traded up 2.62% during midday trading on Thursday, reaching $5.09. About 4.52M shares traded. The market capitalization of the company is at $2.04 Billion. Additionally, LendingClub Corporation (LC) stock price has gone down by -8.62% over the last 20 trading days, and its price is -24.98% below the 52-week high.

On 5/26/2017 Russell S Elmer, General Counsel, sold 15,445 with an average share price of $5.70 per share and the total transaction amounting to $88,036.50.

LendingClub Corporation (LC) performance during the last one year Improved 9.7 percent, while its year to date (YTD) performance showed a Negative trend of -3.05 percent. After $-0.07 actual earnings per share reported by LendingClub Corp for the previous quarter, Wall Street now forecasts -14.29% EPS growth.

Currently, EPS of LendingClub Corporation (LC) is -0.02 while the analysts predicted the EPS of the stock to be -0.03 suggesting the company fell short of the analysts' expectations. The business's revenue for the quarter was down 18.3% on a year-over-year basis. The analysts estimated mean EPS at 0.05 while the high and low EPS estimate stand at 0.07 and 0.02 respectively.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another domain, it was stolen and reposted in violation of U.S. and global trademark & copyright laws. The correct version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/04/lendingclub-corporation-lc-stock-rating-reaffirmed-by-morgan-stanley-updated-updated-updated.html. Following the completion of the transaction, the chief financial officer now owns 31,203 shares in the company, valued at $176,296.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Timothy Bogan sold 54,090 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $5.71, for a total transaction of $170,763.26. Following the transaction, the insider now directly owns 76,876 shares of the company's stock, valued at $438,961.96. The disclosure for this sale can be found here. Insiders have sold 463,239 shares of company stock valued at $2,677,984 in the last quarter.

Large investors have recently made changes to their positions in the stock. Prudential Financial Inc. boosted its stake in shares of LendingClub Corporation by 3.6% in the first quarter. State Street Corp boosted its stake in shares of LendingClub Corporation by 3.2% in the first quarter. BlackRock Inc. now owns 22,099,607 shares of the credit services provider's stock worth $121,326,000 after buying an additional 21,445,128 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LendingClub Corporation by 2,401.5% in the fourth quarter. Vanguard Group Inc. now owns 27,102,968 shares of the credit services provider's stock worth $148,795,000 after buying an additional 1,119,288 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of LendingClub Corporation during the first quarter valued at approximately $32,440,000. Finally, Macquarie Group Ltd. raised its position in shares of LendingClub Corporation by 9.4% in the fourth quarter. Sei Investments Co. now owns 1,488,992 shares of the credit services provider's stock valued at $8,175,000 after buying an additional 175,673 shares during the period. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

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