Magnetar Financial LLC Cuts Stock Holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Magnetar Financial LLC lowered its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,052,698 shares of the bank’s stock after selling 45,681 shares during the quarter. Heartland Financial USA accounts for about 1.5% of Magnetar Financial LLC’s portfolio, making the stock its 16th largest position. Magnetar Financial LLC’s holdings in Heartland Financial USA were worth $64,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock valued at $57,000 after buying an additional 406 shares during the last quarter. USA Financial Formulas increased its holdings in Heartland Financial USA by 90.4% in the fourth quarter. USA Financial Formulas now owns 2,018 shares of the bank’s stock valued at $124,000 after buying an additional 958 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Heartland Financial USA by 204.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,236 shares of the bank’s stock valued at $198,000 after buying an additional 2,174 shares during the last quarter. Net Worth Advisory Group purchased a new position in Heartland Financial USA in the fourth quarter valued at $200,000. Finally, Cibc World Markets Corp purchased a new position in Heartland Financial USA in the fourth quarter valued at $243,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Performance

NASDAQ HTLF opened at $64.67 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. Heartland Financial USA, Inc. has a 1 year low of $32.33 and a 1 year high of $70.27. The company has a market capitalization of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The company has a fifty day moving average of $64.80 and a two-hundred day moving average of $62.35.

Heartland Financial USA Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Heartland Financial USA in a report on Saturday, March 15th. They issued a “hold” rating on the stock.

Heartland Financial USA Company 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.