Great West Life Assurance Co. Can Has $115,000 Position in Heartland Financial USA, Inc. (HTLF)

Great West Life Assurance Co. Can held its position in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,455 shares of the bank’s stock at the end of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Heartland Financial USA were worth $115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ClariVest Asset Management LLC lifted its stake in Heartland Financial USA by 1.0% during the first quarter. ClariVest Asset Management LLC now owns 21,000 shares of the bank’s stock worth $1,049,000 after purchasing an additional 200 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Heartland Financial USA by 10.5% during the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after purchasing an additional 200 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in Heartland Financial USA by 5.1% during the first quarter. Tudor Investment Corp ET AL now owns 4,436 shares of the bank’s stock worth $222,000 after purchasing an additional 216 shares during the last quarter. Strs Ohio lifted its stake in Heartland Financial USA by 5.8% during the second quarter. Strs Ohio now owns 7,300 shares of the bank’s stock worth $343,000 after purchasing an additional 400 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Heartland Financial USA by 21.6% during the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock worth $162,000 after purchasing an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 42.41% of the company’s stock.

Several equities research analysts have weighed in on the company. BidaskClub upgraded Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of Heartland Financial USA in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $52.67.

Heartland Financial USA, Inc. (HTLF) opened at 44.60 on Tuesday. Heartland Financial USA, Inc. has a 52 week low of $35.02 and a 52 week high of $52.65. The stock has a 50 day moving average price of $44.73 and a 200-day moving average price of $47.00. The company has a market capitalization of $1.33 billion, a PE ratio of 14.63 and a beta of 0.66.

Heartland Financial USA (NASDAQ:HTLF) last announced its earnings results on Monday, July 31st. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. Heartland Financial USA had a net margin of 18.38% and a return on equity of 10.48%. The company had revenue of $100.20 million during the quarter, compared to analyst estimates of $103.48 million. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts predict that Heartland Financial USA, Inc. will post $3.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a $0.11 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.44 annualized dividend and a yield of 0.99%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.47%.

TRADEMARK VIOLATION WARNING: “Great West Life Assurance Co. Can Has $115,000 Position in Heartland Financial USA, Inc. (HTLF)” was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://transcriptdaily.com/2017/09/19/great-west-life-assurance-co-can-has-115000-position-in-heartland-financial-usa-inc-htlf.html.

Heartland Financial USA Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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

Receive News & Ratings for Heartland Financial USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Financial USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply