Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 30.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,035 shares of the bank’s stock after acquiring an additional 7,291 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Heartland Financial USA worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Integrated Investment Consultants LLC raised its position in shares of Heartland Financial USA by 2.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after buying an additional 170 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Heartland Financial USA by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after acquiring an additional 245 shares in the last quarter. USA Financial Formulas boosted its position in shares of Heartland Financial USA by 90.4% during the 4th quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after acquiring an additional 958 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Heartland Financial USA by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 22,119 shares of the bank’s stock worth $983,000 after purchasing an additional 984 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Heartland Financial USA by 9.3% in the third quarter. Captrust Financial Advisors now owns 14,576 shares of the bank’s stock worth $826,000 after purchasing an additional 1,240 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Trading Down 2.2 %

Shares of HTLF stock opened at $64.67 on Tuesday. The business has a 50-day moving average price of $64.40 and a two-hundred day moving average price of $60.08. Heartland Financial USA, Inc. has a 12-month low of $32.03 and a 12-month 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. The firm has a market cap of $2.77 billion, a P/E ratio of 36.13 and a beta of 0.98.

Heartland Financial USA Announces Dividend

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

Insider Buying and Selling at Heartland Financial USA

In other news, EVP Mark A. Frank sold 432 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $67.24, for a total transaction of $29,047.68. Following the transaction, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at approximately $71,274.40. This trade represents a 28.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jennifer K. Hopkins sold 5,811 shares of Heartland Financial USA stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $67.56, for a total value of $392,591.16. Following the completion of the transaction, the director now owns 6,963 shares in the company, valued at approximately $470,420.28. This represents a 45.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Tuesday. They set a “hold” rating for the company.

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.