Heartland Financial USA, Inc. (NASDAQ:HTLF) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF - Free Report) by 10.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,046 shares of the bank's stock after selling 12,983 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Heartland Financial USA worth $6,070,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 12,565 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Heartland Financial USA by 40.7% in the second 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 in the last quarter. Innealta Capital LLC purchased a new stake in shares of Heartland Financial USA during the 2nd quarter worth about $83,000. Principal Financial Group Inc. boosted its position in Heartland Financial USA by 14.1% during the second quarter. Principal Financial Group Inc. now owns 26,543 shares of the bank's stock worth $1,180,000 after purchasing an additional 3,287 shares in the last quarter. Finally, Versor Investments LP grew its holdings in Heartland Financial USA by 781.5% in the second quarter. Versor Investments LP now owns 73,507 shares of the bank's stock valued at $3,267,000 after purchasing an additional 65,168 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Heartland Financial USA news, Director John K. Schmidt sold 22,500 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $68.32, for a total transaction of $1,537,200.00. Following the sale, the director now directly owns 60,541 shares in the company, valued at $4,136,161.12. This represents a 27.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark A. Frank sold 432 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $67.24, for a total transaction of $29,047.68. Following the sale, the executive vice president now owns 1,060 shares in the company, valued at approximately $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 a total of 28,743 shares of company stock valued at $1,958,839 in the last quarter. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Heartland Financial USA in a research note on Tuesday. They issued a "hold" rating on the stock. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Heartland Financial USA has an average rating of "Moderate Buy" and a consensus target price of $45.60.

Heartland Financial USA Price Performance

HTLF stock traded up $0.34 during mid-day trading on Wednesday, reaching $67.97. The company's stock had a trading volume of 376,111 shares, compared to its average volume of 282,020. The stock has a market cap of $2.91 billion, a PE ratio of 37.97 and a beta of 0.97. The company's 50 day moving average is $62.85 and its two-hundred day moving average is $54.39. Heartland Financial USA, Inc. has a fifty-two week low of $32.03 and a fifty-two week high of $70.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

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

Heartland Financial USA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.77%. Heartland Financial USA's dividend payout ratio is currently 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.