JPMorgan Chase & Co. Has $10.05 Million Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

JPMorgan Chase & Co. lowered its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,282 shares of the bank's stock after selling 14,775 shares during the quarter. JPMorgan Chase & Co. owned 0.41% of Heartland Financial USA worth $10,052,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HTLF. USA Financial Formulas boosted its stake in Heartland Financial USA by 28.0% during the third quarter. USA Financial Formulas now owns 1,060 shares of the bank's stock valued at $60,000 after buying an additional 232 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Heartland Financial USA in the 3rd quarter valued at $125,000. Blue Trust Inc. boosted its position in shares of Heartland Financial USA by 2,193.4% in the 3rd quarter. Blue Trust Inc. now owns 2,775 shares of the bank's stock valued at $157,000 after purchasing an additional 2,654 shares during the period. XTX Topco Ltd acquired a new position in shares of Heartland Financial USA in the 2nd quarter valued at $225,000. Finally, HighTower Advisors LLC acquired a new position in shares of Heartland Financial USA in the 3rd quarter valued at $225,000. Institutional investors own 71.55% of the company's stock.

Insider Transactions at Heartland Financial USA

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of Heartland Financial USA stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $68.32, for a total value of $1,537,200.00. Following the transaction, the director now directly owns 60,541 shares of the company's stock, valued at $4,136,161.12. The trade was a 27.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark A. Frank sold 432 shares of Heartland Financial USA stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total value of $29,047.68. Following the sale, the executive vice president now directly owns 1,060 shares in the company, valued at $71,274.40. The trade was a 28.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,743 shares of company stock valued at $1,958,839 in the last three months. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Heartland Financial USA in a research report on Friday, January 3rd. They issued a "hold" rating for the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Heartland Financial USA currently has an average rating of "Moderate Buy" and a consensus target price of $45.60.

Heartland Financial USA Stock Up 3.1 %

NASDAQ HTLF traded up $1.88 during trading on Monday, reaching $62.30. 244,369 shares of the company's stock were exchanged, compared to its average volume of 249,267. Heartland Financial USA, Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $70.27. The firm has a market capitalization of $2.67 billion, a PE ratio of 34.80 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company's fifty day simple moving average is $64.74 and its 200-day simple moving average is $57.47.

Heartland Financial USA (NASDAQ:HTLF - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $1.17 EPS for the quarter, hitting analysts' consensus estimates of $1.17. Heartland Financial USA had a return on equity of 10.81% and a net margin of 8.79%. The firm had revenue of $272.79 million during the quarter, compared to analyst estimates of $189.51 million. During the same period last year, the company posted $1.12 EPS. Sell-side analysts predict that Heartland Financial USA, Inc. will post 4.57 EPS for the current year.

Heartland Financial USA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, January 14th. Heartland Financial USA's dividend payout ratio (DPR) is presently 67.04%.

About Heartland Financial USA

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.