New York Life Investment Management LLC Raises Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

New York Life Investment Management LLC raised its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,121 shares of the bank’s stock after purchasing an additional 7,681 shares during the period. New York Life Investment Management LLC owned 0.11% of Heartland Financial USA worth $2,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Heartland Financial USA by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,456,428 shares of the bank’s stock worth $82,579,000 after buying an additional 53,755 shares during the period. Geode Capital Management LLC raised its holdings in shares of Heartland Financial USA by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after buying an additional 47,480 shares during the period. Westchester Capital Management LLC raised its holdings in shares of Heartland Financial USA by 260.1% in the third quarter. Westchester Capital Management LLC now owns 582,880 shares of the bank’s stock worth $33,049,000 after buying an additional 421,000 shares during the period. Slotnik Capital LLC raised its holdings in shares of Heartland Financial USA by 14.6% in the third quarter. Slotnik Capital LLC now owns 353,534 shares of the bank’s stock worth $20,045,000 after buying an additional 45,000 shares during the period. Finally, Stieven Capital Advisors L.P. raised its holdings in shares of Heartland Financial USA by 6.1% in the fourth quarter. Stieven Capital Advisors L.P. now owns 343,364 shares of the bank’s stock worth $21,050,000 after buying an additional 19,787 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Financial USA Trading Down 2.2 %

HTLF opened at $64.67 on Friday. The stock’s fifty day moving average is $64.02 and its two-hundred day moving average is $61.27. The company has a market capitalization of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98. Heartland Financial USA, Inc. has a 52 week low of $32.33 and a 52 week high of $70.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $1.20 annualized dividend and a yield of 1.86%. Heartland Financial USA’s payout ratio is currently 67.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Heartland Financial USA in a report on Thursday. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other Heartland Financial USA news, Director Jennifer K. Hopkins sold 5,811 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $67.56, for a total transaction of $392,591.16. Following the transaction, the director now directly owns 6,963 shares in the company, valued at $470,420.28. This trade represents a 45.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Heartland Financial USA 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.