City Holding (NASDAQ:CHCO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in City Holding (NASDAQ:CHCO - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,244 shares of the bank's stock after acquiring an additional 2,903 shares during the quarter. American Century Companies Inc. owned 0.63% of City worth $10,929,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings 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. Geode Capital Management LLC increased its holdings in City by 0.3% during the third quarter. Geode Capital Management LLC now owns 355,940 shares of the bank's stock valued at $41,792,000 after buying an additional 1,065 shares during the period. Axxcess Wealth Management LLC increased its holdings in City by 0.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 109,418 shares of the bank's stock valued at $12,964,000 after buying an additional 885 shares during the period. Principal Financial Group Inc. raised its stake in City by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 78,010 shares of the bank's stock worth $9,243,000 after buying an additional 2,726 shares in the last quarter. Finally, Barclays PLC lifted its holdings in City by 125.3% during the third quarter. Barclays PLC now owns 28,845 shares of the bank's stock worth $3,385,000 after buying an additional 16,044 shares during the period. 72.43% of the stock is owned by hedge funds and other institutional investors.

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City Stock Down 2.0 %

NASDAQ:CHCO traded down $2.29 during midday trading on Monday, reaching $110.14. 154,766 shares of the stock traded hands, compared to its average volume of 58,304. The stock has a market capitalization of $1.62 billion, a PE ratio of 13.96 and a beta of 0.48. City Holding has a 12-month low of $97.50 and a 12-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 business has a 50-day moving average of $117.61 and a two-hundred day moving average of $120.49.

City (NASDAQ:CHCO - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.94 EPS for the quarter, beating the consensus estimate of $1.91 by $0.03. City had a return on equity of 16.49% and a net margin of 30.83%. On average, equities analysts forecast that City Holding will post 7.58 earnings per share for the current fiscal year.

City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.87%. City's payout ratio is 40.05%.

Insider Activity

In other City news, Director Charles W. Fairchilds sold 500 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $120.50, for a total value of $60,250.00. Following the completion of the transaction, the director now owns 1,014 shares of the company's stock, valued at approximately $122,187. This trade represents a 33.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David L. Bumgarner sold 556 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 9,395 shares in the company, valued at $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. Insiders have sold a total of 1,226 shares of company stock worth $147,200 over the last 90 days. 2.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price target on City from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, January 24th.

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.