Jane Street Group LLC Has $3.21 Million Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Jane Street Group LLC reduced its stake in Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 39.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,625 shares of the bank's stock after selling 36,613 shares during the period. Jane Street Group LLC owned 0.13% of Heartland Financial USA worth $3,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Heartland Financial USA by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 302,294 shares of the bank's stock worth $13,437,000 after acquiring an additional 12,565 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Heartland Financial USA by 40.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the bank's stock valued at $363,000 after buying an additional 2,364 shares during the period. Innealta Capital LLC bought a new stake in shares of Heartland Financial USA in the 2nd quarter valued at $83,000. Principal Financial Group Inc. raised its stake in Heartland Financial USA by 14.1% during the 2nd quarter. Principal Financial Group Inc. now owns 26,543 shares of the bank's stock worth $1,180,000 after buying an additional 3,287 shares during the period. Finally, Versor Investments LP lifted its holdings in Heartland Financial USA by 781.5% during the second quarter. Versor Investments LP now owns 73,507 shares of the bank's stock worth $3,267,000 after acquiring an additional 65,168 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John K. Schmidt sold 22,500 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the sale, the director now owns 60,541 shares in the company, valued at approximately $4,136,161.12. This represents a 27.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark A. Frank sold 432 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $67.24, for a total value of $29,047.68. Following the transaction, the executive vice president now directly owns 1,060 shares of the company's stock, valued at $71,274.40. This trade represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,743 shares of company stock worth $1,958,839 over the last ninety days. Insiders own 1.80% of the company's stock.

Heartland Financial USA Stock Up 1.6 %

NASDAQ HTLF traded up $0.96 on Friday, reaching $62.31. The company had a trading volume of 609,208 shares, compared to its average volume of 282,094. The company's fifty day moving average is $63.92 and its 200-day moving average is $55.42. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 34.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. Heartland Financial USA, Inc. has a 1-year low of $32.03 and a 1-year high of $70.27.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 earnings per share for the quarter, hitting the consensus estimate of $1.17. The company had revenue of $272.79 million during the quarter, compared to analysts' expectations of $189.51 million. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. During the same period in the prior year, the firm earned $1.12 earnings per share. On average, research analysts forecast that Heartland Financial USA, Inc. will post 4.57 earnings per share for the current fiscal year.

Heartland Financial USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.93%. Heartland Financial USA's dividend payout ratio is currently 67.04%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Heartland Financial USA in a research report on Wednesday. They set a "hold" rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $45.60.

Heartland Financial USA Company Profile

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