Principal Financial Group Inc. cut its position in Heartland Financial USA, Inc. (NASDAQ:HTLF) by 64.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,736 shares of the bank’s stock after selling 178,051 shares during the quarter. Principal Financial Group Inc. owned 0.36% of Heartland Financial USA worth $4,556,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Heartland Financial USA by 5.5% during the first quarter. Vanguard Group Inc. now owns 975,526 shares of the bank’s stock valued at $48,728,000 after purchasing an additional 50,696 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Heartland Financial USA by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 965,801 shares of the bank’s stock worth $48,242,000 after purchasing an additional 86,783 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Heartland Financial USA by 54.8% during the first quarter. Nuveen Asset Management LLC now owns 532,212 shares of the bank’s stock worth $26,584,000 after purchasing an additional 188,436 shares during the last quarter. State Street Corp grew its holdings in shares of Heartland Financial USA by 5.4% during the first quarter. State Street Corp now owns 422,809 shares of the bank’s stock worth $21,122,000 after purchasing an additional 21,784 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Heartland Financial USA by 4.5% during the first quarter. Prudential Financial Inc. now owns 328,955 shares of the bank’s stock worth $16,431,000 after purchasing an additional 14,110 shares during the last quarter. Hedge funds and other institutional investors own 42.41% of the company’s stock.

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HTLF has been the subject of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday. BidaskClub upgraded shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $52.67.

Shares of Heartland Financial USA, Inc. (NASDAQ HTLF) opened at 50.15 on Wednesday. The company has a 50 day moving average of $45.25 and a 200 day moving average of $46.78. Heartland Financial USA, Inc. has a 52 week low of $36.15 and a 52 week high of $52.65. The company has a market cap of $1.50 billion, a PE ratio of 16.45 and a beta of 0.67.

Heartland Financial USA (NASDAQ:HTLF) last released its earnings results on Monday, July 31st. The bank reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.08. The company had revenue of $100.20 million during the quarter, compared to the consensus estimate of $103.48 million. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. Heartland Financial USA’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, analysts expect that Heartland Financial USA, Inc. will post $3.02 EPS for the current year.

Heartland Financial USA Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

Institutional Ownership by Quarter for Heartland Financial USA (NASDAQ:HTLF)

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