Charles Schwab Investment Management Inc. Increases Stock Position in Heartland Financial USA, Inc. (NASDAQ:HTLF)

Charles Schwab Investment Management Inc. grew its stake in shares of Heartland Financial USA, Inc. (NASDAQ:HTLF) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,601,683 shares of the bank’s stock after acquiring an additional 145,255 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.74% of Heartland Financial USA worth $98,191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Integrated Investment Consultants LLC boosted its holdings in shares of Heartland Financial USA by 2.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock valued at $533,000 after acquiring an additional 170 shares during the last quarter. Steele Capital Management Inc. boosted its holdings in shares of Heartland Financial USA by 2.4% in the fourth quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock worth $643,000 after buying an additional 250 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Heartland Financial USA by 0.7% in the fourth quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock worth $2,534,000 after buying an additional 300 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Heartland Financial USA by 4.6% in the fourth quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock worth $419,000 after buying an additional 300 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Heartland Financial USA by 77.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 928 shares of the bank’s stock worth $57,000 after buying an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Heartland Financial USA Stock Performance

HTLF opened at $64.67 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 36.13 and a beta of 0.98. The company’s 50 day moving average is $64.23 and its 200 day moving average is $61.86. Heartland Financial USA, Inc. has a 12-month low of $32.33 and a 12-month high of $70.27.

Heartland Financial USA Dividend Announcement

The company also recently declared 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. 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%.

Wall Street Analyst Weigh In

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

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.