Russell Investments Group Ltd. Boosts Stake in Heartland Financial USA Inc (HTLF)

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Russell Investments Group Ltd. lifted its position in Heartland Financial USA Inc (NASDAQ:HTLF) by 70.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,168 shares of the bank’s stock after buying an additional 6,287 shares during the period. Russell Investments Group Ltd.’s holdings in Heartland Financial USA were worth $805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HTLF. BlackRock Inc. raised its stake in shares of Heartland Financial USA by 5.6% in the 4th quarter. BlackRock Inc. now owns 1,593,107 shares of the bank’s stock worth $85,471,000 after buying an additional 84,486 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Heartland Financial USA by 21.1% in the 1st quarter. Wells Fargo & Company MN now owns 307,875 shares of the bank’s stock worth $16,333,000 after buying an additional 53,723 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Heartland Financial USA by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,142,063 shares of the bank’s stock worth $60,587,000 after buying an additional 50,258 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Heartland Financial USA by 118.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 82,318 shares of the bank’s stock worth $4,417,000 after buying an additional 44,701 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Heartland Financial USA by 16.1% in the 1st quarter. New York State Common Retirement Fund now owns 250,738 shares of the bank’s stock worth $13,302,000 after buying an additional 34,727 shares in the last quarter. 55.72% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on HTLF shares. BidaskClub raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. ValuEngine raised Heartland Financial USA from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Piper Jaffray Companies reissued a “buy” rating on shares of Heartland Financial USA in a research note on Friday, April 6th. Zacks Investment Research raised Heartland Financial USA from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, April 4th. Finally, Stephens began coverage on Heartland Financial USA in a research report on Thursday, June 14th. They set an “equal weight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $56.50.

Shares of Heartland Financial USA opened at $55.65 on Monday, MarketBeat reports. The firm has a market cap of $1.73 billion, a PE ratio of 18.55, a P/E/G ratio of 1.53 and a beta of 0.69. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26. Heartland Financial USA Inc has a 12-month low of $42.10 and a 12-month high of $58.05.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, April 30th. The bank reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.09). The company had revenue of $116.30 million for the quarter, compared to analyst estimates of $116.17 million. Heartland Financial USA had a return on equity of 9.50% and a net margin of 16.60%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. equities research analysts predict that Heartland Financial USA Inc will post 3.63 EPS for the current fiscal year.

In other news, Director John K. Schmidt sold 20,000 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $56.20, for a total transaction of $1,124,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.60% of the stock is owned by insiders.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

Further Reading: Understanding Analyst Recommendations

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

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