LPL Financial LLC Boosts Stake in Heartland Financial USA, Inc. (NASDAQ:HTLF)

LPL Financial LLC raised its holdings in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 254.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,978 shares of the bank’s stock after acquiring an additional 10,029 shares during the quarter. LPL Financial LLC’s holdings in Heartland Financial USA were worth $857,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HTLF. HighTower Advisors LLC purchased a new stake in Heartland Financial USA during the third quarter worth about $225,000. Barclays PLC increased its stake in Heartland Financial USA by 65.5% in the 3rd quarter. Barclays PLC now owns 84,767 shares of the bank’s stock valued at $4,807,000 after purchasing an additional 33,533 shares in the last quarter. Geode Capital Management LLC raised its holdings in Heartland Financial USA by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,023,370 shares of the bank’s stock worth $58,036,000 after purchasing an additional 47,480 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Heartland Financial USA during the third quarter worth $303,000. Finally, Principal Financial Group Inc. grew its holdings in Heartland Financial USA by 8.0% in the third quarter. Principal Financial Group Inc. now owns 28,679 shares of the bank’s stock valued at $1,626,000 after purchasing an additional 2,136 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Heartland Financial USA in a research report on Wednesday, April 16th. They issued a “hold” rating on the stock.

Heartland Financial USA Price Performance

Shares of NASDAQ:HTLF opened at $64.67 on Tuesday. Heartland Financial USA, Inc. has a one year low of $34.25 and a one year high of $70.27. The stock has a market cap of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98. The business’s fifty day moving average price is $64.67 and its two-hundred day moving average price is $63.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76.

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.