Sei Investments Co. Has $8.79 Million Stock Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Sei Investments Co. cut its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,352 shares of the bank’s stock after selling 1,337 shares during the period. Sei Investments Co. owned about 0.33% of Heartland Financial USA worth $8,788,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Heartland Financial USA by 10.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,601,683 shares of the bank’s stock worth $98,191,000 after purchasing an additional 145,255 shares in the last quarter. Geode Capital Management LLC increased its stake 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 valued at $58,036,000 after buying an additional 47,480 shares during the period. Stieven Capital Advisors L.P. increased its stake 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 valued at $21,050,000 after buying an additional 19,787 shares during the period. Empowered Funds LLC raised its holdings in Heartland Financial USA by 5.0% in the 4th quarter. Empowered Funds LLC now owns 112,479 shares of the bank’s stock valued at $6,896,000 after buying an additional 5,403 shares during the last quarter. Finally, Barclays PLC boosted its position in Heartland Financial USA by 65.5% during the 3rd quarter. Barclays PLC now owns 84,767 shares of the bank’s stock worth $4,807,000 after buying an additional 33,533 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Heartland Financial USA Stock Down 2.2 %

Shares of HTLF opened at $64.67 on Monday. The stock’s 50-day moving average price is $64.99 and its two-hundred day moving average price is $62.90. Heartland Financial USA, Inc. has a 12 month low of $32.97 and a 12 month 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 current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

Heartland Financial USA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Heartland Financial USA in a research report on Monday. They issued 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.