Ameriprise Financial Inc. lessened its holdings in City Holding (NASDAQ:CHCO - Free Report) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,169 shares of the bank's stock after selling 3,402 shares during the quarter. Ameriprise Financial Inc. owned 0.23% of City worth $3,930,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of City by 7.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,498 shares of the bank's stock valued at $1,481,000 after purchasing an additional 893 shares in the last quarter. Barclays PLC boosted its stake in shares of City by 125.3% in the 3rd quarter. Barclays PLC now owns 28,845 shares of the bank's stock valued at $3,385,000 after purchasing an additional 16,044 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of City by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 550,755 shares of the bank's stock valued at $65,253,000 after purchasing an additional 22,226 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of City in the 4th quarter valued at $227,000. Finally, Principal Financial Group Inc. boosted its stake in shares of City by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 78,010 shares of the bank's stock valued at $9,243,000 after purchasing an additional 2,726 shares in the last quarter. Institutional investors and hedge funds own 72.43% of the company's stock.
Insider Buying and Selling
In related news, CFO David L. Bumgarner sold 1,058 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $118.00, for a total transaction of $124,844.00. Following the transaction, the chief financial officer now owns 10,636 shares in the company, valued at $1,255,048. This represents a 9.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael T. Quinlan, Jr. sold 1,400 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $116.22, for a total transaction of $162,708.00. Following the transaction, the executive vice president now owns 2,830 shares in the company, valued at approximately $328,902.60. This trade represents a 33.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,899 shares of company stock worth $339,590 in the last 90 days. Corporate insiders own 1.87% of the company's stock.
City Price Performance
Shares of NASDAQ:CHCO traded down $1.19 on Friday, hitting $118.08. The stock had a trading volume of 61,346 shares, compared to its average volume of 59,412. City Holding has a twelve month low of $99.79 and a twelve month high of $137.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82. The firm's 50 day moving average price is $116.70 and its 200-day moving average price is $119.79. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 14.97 and a beta of 0.52.
City (NASDAQ:CHCO - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The bank reported $2.06 EPS for the quarter, beating the consensus estimate of $1.84 by $0.22. City had a net margin of 30.83% and a return on equity of 16.49%. The company had revenue of $74.55 million for the quarter, compared to the consensus estimate of $73.28 million. On average, equities research analysts predict that City Holding will post 7.58 earnings per share for the current year.
City Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.16 annualized dividend and a yield of 2.68%. City's dividend payout ratio (DPR) is 39.60%.
City Company Profile
(
Free Report)
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust, and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.
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