Squarepoint Ops LLC Sells 3,155 Shares of City Holding (NASDAQ:CHCO)

Squarepoint Ops LLC trimmed its stake in shares of City Holding (NASDAQ:CHCO - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,990 shares of the bank's stock after selling 3,155 shares during the period. Squarepoint Ops LLC owned about 0.05% of City worth $947,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CHCO. Charles Schwab Investment Management Inc. boosted its stake in shares of City by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 550,755 shares of the bank's stock worth $65,253,000 after acquiring an additional 22,226 shares during the period. JPMorgan Chase & Co. lifted its position in City by 24.2% during the fourth quarter. JPMorgan Chase & Co. now owns 262,243 shares of the bank's stock worth $31,071,000 after acquiring an additional 51,055 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of City by 2.3% during the fourth quarter. Northern Trust Corp now owns 178,962 shares of the bank's stock worth $21,203,000 after acquiring an additional 3,944 shares during the period. Axxcess Wealth Management LLC grew its position in shares of City by 0.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 109,418 shares of the bank's stock valued at $12,964,000 after purchasing an additional 885 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of City by 3.2% during the fourth quarter. American Century Companies Inc. now owns 92,244 shares of the bank's stock worth $10,929,000 after purchasing an additional 2,903 shares during the period. 72.43% of the stock is owned by institutional investors.

City Stock Performance

CHCO traded up $1.01 during trading on Tuesday, hitting $118.45. The stock had a trading volume of 35,700 shares, compared to its average volume of 59,317. The company has a 50 day moving average price of $116.65 and a 200-day moving average price of $119.63. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 15.01 and a beta of 0.52. City Holding has a one year low of $99.79 and a one year high of $137.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82.

City (NASDAQ:CHCO - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.22. The firm had revenue of $74.55 million for the quarter, compared to analysts' expectations of $73.28 million. City had a net margin of 30.83% and a return on equity of 16.49%. As a group, research analysts predict that City Holding will post 7.58 EPS for the current year.

City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, July 15th. City's payout ratio is presently 39.60%.

Insider Buying and Selling at City

In other City news, EVP Michael T. Quinlan, Jr. sold 1,400 shares of City stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $116.22, for a total value of $162,708.00. Following the completion of the sale, the executive vice president now directly owns 2,830 shares in the company, valued at approximately $328,902.60. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James M. Parsons purchased 2,200 shares of the company's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $122.38 per share, for a total transaction of $269,236.00. Following the completion of the purchase, the director now owns 2,700 shares of the company's stock, valued at approximately $330,426. This trade represents a 440.00% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 2,899 shares of company stock valued at $339,590. 1.87% of the stock is currently owned by company insiders.

About City

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.