Amundi lifted its stake in shares of City Holding (NASDAQ:CHCO - Free Report) by 187.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,443 shares of the bank's stock after acquiring an additional 4,855 shares during the period. Amundi owned approximately 0.05% of City worth $871,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of City by 4.2% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its position in shares of City by 0.3% during the third quarter. Geode Capital Management LLC now owns 355,940 shares of the bank's stock worth $41,792,000 after acquiring an additional 1,065 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of City by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 78,010 shares of the bank's stock worth $9,243,000 after acquiring an additional 2,726 shares in the last quarter. Barclays PLC increased its position in shares of 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 acquiring an additional 16,044 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of City by 66.6% during the third quarter. Jane Street Group LLC now owns 25,017 shares of the bank's stock worth $2,937,000 after acquiring an additional 9,999 shares in the last quarter. Institutional investors own 72.43% of the company's stock.
City Stock Up 0.4 %
City stock traded up $0.52 during mid-day trading on Friday, reaching $118.12. The company's stock had a trading volume of 276,787 shares, compared to its average volume of 53,862. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 14.97 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 business's 50 day simple moving average is $118.05 and its 200 day simple moving average is $120.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 0.82.
City (NASDAQ:CHCO - Get Free Report) last released its 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%. As a group, research analysts anticipate that City Holding will post 7.58 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of City from $120.00 to $130.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler decreased their target price on shares of City from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, January 24th.
Get Our Latest Stock Analysis on City
Insider Buying and Selling at City
In other City news, Director Charles W. Fairchilds sold 500 shares of the 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 sale, the director now owns 1,014 shares in the company, valued at $122,187. This trade represents a 33.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David L. Bumgarner sold 556 shares of the 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 completion of the sale, the chief financial officer now owns 9,395 shares of the company's stock, valued at approximately $1,127,400. This represents a 5.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,226 shares of company stock worth $147,200 over the last quarter. 2.45% of the stock is currently owned by insiders.
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.
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