Heartland Financial USA Inc (HTLF) Holdings Boosted by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its stake in shares of Heartland Financial USA Inc (NASDAQ:HTLF) by 54.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,710 shares of the bank’s stock after buying an additional 4,462 shares during the period. UBS Asset Management Americas Inc.’s holdings in Heartland Financial USA were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. American International Group Inc. lifted its holdings in shares of Heartland Financial USA by 8.1% during the 3rd quarter. American International Group Inc. now owns 16,467 shares of the bank’s stock valued at $813,000 after purchasing an additional 1,231 shares in the last quarter. ETRADE Capital Management LLC lifted its holdings in shares of Heartland Financial USA by 25.1% during the 3rd quarter. ETRADE Capital Management LLC now owns 5,741 shares of the bank’s stock valued at $284,000 after purchasing an additional 1,153 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Heartland Financial USA during the 3rd quarter valued at about $328,000. Wells Fargo & Company MN lifted its holdings in shares of Heartland Financial USA by 9.9% during the 3rd quarter. Wells Fargo & Company MN now owns 246,461 shares of the bank’s stock valued at $12,175,000 after purchasing an additional 22,106 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Heartland Financial USA by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,062,166 shares of the bank’s stock valued at $52,471,000 after purchasing an additional 55,543 shares in the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.

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In related news, Director Kurt Saylor sold 22,500 shares of Heartland Financial USA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $53.32, for a total value of $1,199,700.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders sold 90,000 shares of company stock worth $4,883,400. 9.00% of the stock is owned by insiders.

Several research firms have recently weighed in on HTLF. BidaskClub upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Saturday, March 3rd. Zacks Investment Research cut Heartland Financial USA from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. ValuEngine upgraded Heartland Financial USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. B. Riley reiterated a “hold” rating and set a $59.00 price objective on shares of Heartland Financial USA in a report on Tuesday, January 30th. Finally, Piper Jaffray reiterated a “buy” rating and set a $63.00 price objective on shares of Heartland Financial USA in a report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Heartland Financial USA has a consensus rating of “Buy” and a consensus target price of $57.00.

Shares of Heartland Financial USA Inc (HTLF) opened at $51.60 on Monday. Heartland Financial USA Inc has a 1 year low of $42.10 and a 1 year high of $56.40. The stock has a market capitalization of $1,602.40, a P/E ratio of 19.40, a P/E/G ratio of 1.34 and a beta of 0.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, January 29th. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.80. Heartland Financial USA had a return on equity of 9.64% and a net margin of 16.16%. The business had revenue of $118.38 million for the quarter, compared to analyst estimates of $116.31 million. During the same quarter last year, the firm earned $0.74 EPS. equities analysts expect that Heartland Financial USA Inc will post 3.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Heartland Financial USA’s previous quarterly dividend of $0.11. Heartland Financial USA’s dividend payout ratio (DPR) is currently 19.55%.

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Heartland Financial USA Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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