Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 29.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,280 shares of the bank’s stock after acquiring an additional 11,803 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Heartland Financial USA were worth $2,410,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Heartland Financial USA by 8.9% during the 1st quarter. AQR Capital Management LLC now owns 49,465 shares of the bank’s stock worth $2,486,000 after buying an additional 4,049 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Heartland Financial USA during the 1st quarter worth $243,000. D. E. Shaw & Co. Inc. raised its stake in shares of Heartland Financial USA by 193.8% during the 1st quarter. D. E. Shaw & Co. Inc. now owns 88,930 shares of the bank’s stock worth $4,470,000 after buying an additional 58,665 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Heartland Financial USA by 18.0% during the 1st quarter. Geode Capital Management LLC now owns 631,830 shares of the bank’s stock worth $31,755,000 after buying an additional 96,461 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. raised its stake in shares of Heartland Financial USA by 21.7% during the 1st quarter. C M Bidwell & Associates Ltd. now owns 3,914 shares of the bank’s stock worth $197,000 after buying an additional 699 shares during the last quarter. 59.42% of the stock is owned by institutional investors.

HTLF opened at $46.62 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 9.67 and a beta of 1.33. The business has a 50-day moving average of $46.29 and a two-hundred day moving average of $48.58. Heartland Financial USA, Inc. has a 12 month low of $28.37 and a 12 month high of $54.03.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Sunday, July 25th. The bank reported $1.41 EPS for the quarter, beating the consensus estimate of $1.28 by $0.13. Heartland Financial USA had a return on equity of 10.65% and a net margin of 28.82%. The company had revenue of $174.38 million during the quarter, compared to analysts’ expectations of $174.56 million. Equities research analysts anticipate that Heartland Financial USA, Inc. will post 5.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 30th. Stockholders of record on Monday, August 16th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.22. Heartland Financial USA’s payout ratio is presently 27.10%.

HTLF has been the subject of several research reports. Keefe, Bruyette & Woods raised Heartland Financial USA from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Tuesday, September 7th. Zacks Investment Research downgraded Heartland Financial USA from a “buy” rating to a “hold” rating in a research note on Friday, September 10th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $50.25.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc operates as a bank holding company. The firm provides commercial banking services. It also engages in the business of community banking. The company was founded in 1981 and is headquartered in Dubuque, IA.

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

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