Heartland Financial USA Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:HTLF.P Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
12 Jun 24	SellUS$149,386	Robert Engel	Individual	5,928	US$25.20
11 Jun 24	SellUS$1,814	Robert Engel	Individual	72	US$25.20
07 May 24	SellUS$191,982	Robert Engel	Individual	7,600	US$25.26

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HTLF.P?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	768,893	1.79%
General Public	8,849,388	20.6%
Institutions	33,267,217	77.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 59.84% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.39%	BlackRock, Inc.	3,596,211	US$216.8m	5.49%	no data
7.25%	The Vanguard Group, Inc.	3,107,951	US$187.3m	2.09%	no data
6.05%	EARNEST Partners, LLC	2,593,897	US$156.4m	-2.38%	0.68%
5.87%	Dimensional Fund Advisors LP	2,519,127	US$151.9m	5.64%	0.02%
3.4%	Charles Schwab Investment Management, Inc.	1,456,428	US$87.8m	3.83%	0.01%
2.88%	State Street Global Advisors, Inc.	1,235,379	US$74.5m	-5.55%	no data
2.72%	Htlf Bank, Asset Management Arm	1,167,225	US$70.4m	-15%	7.73%
2.56%	Magnetar Capital Partners, LP	1,098,379	US$66.2m	4.71%	1.92%
2.39%	Geode Capital Management, LLC	1,023,370	US$61.7m	4.87%	no data
1.94%	Balyasny Asset Management L.P.	831,611	US$50.1m	85.7%	0.13%
1.69%	AllianceBernstein L.P.	725,336	US$43.7m	-1%	0.01%
1.67%	Millennium Management LLC	718,021	US$43.3m	1%	0.04%
1.65%	AQR Capital Management, LLC	709,362	US$42.8m	-6.58%	0.06%
1.38%	Norges Bank Investment Management	592,225	US$35.7m	0%	no data
1.36%	Westchester Capital Management, LLC	582,880	US$35.1m	260%	2.51%
1.17%	FMR LLC	502,009	US$30.3m	-8.36%	no data
0.97%	American Century Investment Management Inc	415,887	US$25.1m	-19.9%	0.01%
0.92%	Northern Trust Global Investments	395,203	US$23.8m	1.85%	no data
0.91%	Morgan Stanley, Investment Banking and Brokerage Investments	391,099	US$23.6m	55.1%	no data
0.84%	OMERS Administration Corporation	360,571	US$21.7m	576%	0.18%
0.82%	Slotnik Capital, LLC	353,534	US$21.3m	14.6%	11.1%
0.78%	Bridgeway Capital Management, LLC	333,852	US$20.1m	3.32%	0.32%
0.77%	New York State Common Retirement Fund	328,453	US$19.8m	-7.69%	0.03%
0.75%	Stieven Capital Advisors, L.P.	323,577	US$19.5m	20.9%	3.52%
0.71%	Gardner Lewis Asset Management LP	302,825	US$18.3m	0%	5.62%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 21:24
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Heartland Financial USA, Inc. is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Moss	B. Riley Securities, Inc.
null null	D.A. Davidson & Co.
Jeffrey Rulis	D.A. Davidson & Co.