1 day Ago By ABMN Staff
Geode Capital Management LLC lowered its holdings in City Holding ( NASDAQ:CHCO – Free Report ) by 0.5% in the fourth quarter, HoldingsChannel.com reports.
The firm owned 354,237 shares of the bank’s stock after selling 1,703 shares during the quarter. Geode Capital Management LLC’s holdings in City were worth $41,980,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also recently made changes to their positions in CHCO.
Barclays PLC boosted its stake in shares of City by 125.3% in the third quarter. Barclays PLC now owns 28,845 shares of the bank’s stock valued at $3,385,000 after buying an additional 16,044 shares during the period.
Franklin Resources Inc. lifted its position in shares of City by 4.5% during the 3rd quarter.
Franklin Resources Inc. now owns 9,362 shares of the bank’s stock valued at $1,116,000 after acquiring an additional 404 shares during the period. Jane Street Group LLC grew its holdings in shares of City by 66.
6% during the 3rd quarter. Jane Street Group LLC now owns 25,017 shares of the bank’s stock worth $2,937,000 after purchasing an additional 9,999 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of City in the fourth quarter worth $227,000.
Finally, Charles Schwab Investment Management Inc. raised its stake in City by 4.2% in the fourth 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. Institutional investors and hedge funds own 72.
43% of the company’s stock. Insider Activity In related news, Director Charles W. Fairchilds sold 500 shares of City stock in a transaction that occurred on Thursday, February 6th.
The shares were sold at an average price of $120.50, for a total transaction of $60,250.00.
Following the sale, the director now directly owns 1,014 shares in the company, valued at $122,187. This trade represents a 33.03 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, CFO David L. Bumgarner sold 556 shares of the company’s stock in a transaction that occurred on Thursday, January 30th.
The shares were sold at an average price of $120.00, for a total transaction of $66,720.00.
Following the completion of the transaction, the chief financial officer now owns 9,395 shares of the company’s stock, valued at approximately $1,127,400. This trade represents a 5.59 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last ninety days, insiders sold 1,226 shares of company stock worth $147,200. Insiders own 2.
45% of the company’s stock. Wall Street Analyst Weigh In Read Our Latest Report on CHCO City Price Performance Shares of CHCO stock opened at $111.33 on Tuesday.
The business has a fifty day simple moving average of $116.60 and a 200 day simple moving average of $120.18.
The company has a market cap of $1.64 billion, a P/E ratio of 14.11 and a beta of 0.
48. The company has a quick ratio of 0.82, a current ratio of 0.
82 and a debt-to-equity ratio of 0.21. City Holding has a twelve month low of $97.
50 and a twelve month high of $137.28. City ( NASDAQ:CHCO – Get Free Report ) last posted its quarterly earnings results on Thursday, January 23rd.
The bank reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.
03. City had a net margin of 30.83% and a return on equity of 16.
49%. On average, sell-side analysts forecast that City Holding will post 7.58 EPS for the current fiscal year.
City Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.79 per share.
The ex-dividend date is Tuesday, April 15th. This represents a $3.16 annualized dividend and a dividend yield of 2.
84%. City’s dividend payout ratio (DPR) is presently 40.05%.
About City ( 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. Further Reading Want to see what other hedge funds are holding CHCO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for City Holding ( NASDAQ:CHCO – Free Report ). Receive News & Ratings for City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City and related companies with MarketBeat.com's FREE daily email newsletter .
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