TD Asset Management Inc trimmed its holdings in shares of City Holding (NASDAQ:CHCO - Free Report) by 14.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,600 shares of the bank's stock after selling 8,400 shares during the quarter. TD Asset Management Inc owned about 0.33% of City worth $5,164,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in City by 95.8% during the second quarter. GAMMA Investing LLC now owns 231 shares of the bank's stock worth $25,000 after buying an additional 113 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of City by 90.7% during the 1st quarter. Bessemer Group Inc. now owns 1,270 shares of the bank's stock worth $132,000 after acquiring an additional 604 shares in the last quarter. SG Americas Securities LLC bought a new position in City in the first quarter valued at approximately $180,000. Commonwealth Equity Services LLC raised its position in City by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,126 shares of the bank's stock valued at $226,000 after purchasing an additional 91 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in City by 5.9% during the first quarter. ProShare Advisors LLC now owns 2,955 shares of the bank's stock worth $308,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 72.43% of the company's stock.
Insider Buying and Selling
In other City news, EVP Michael T. Quinlan, Jr. sold 600 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $115.62, for a total transaction of $69,372.00. Following the sale, the executive vice president now owns 2,000 shares of the company's stock, valued at $231,240. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Michael T. Quinlan, Jr. sold 600 shares of City stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $115.62, for a total transaction of $69,372.00. Following the sale, the executive vice president now directly owns 2,000 shares of the company's stock, valued at $231,240. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James L. Rossi sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the transaction, the director now directly owns 18,233 shares of the company's stock, valued at approximately $2,096,795. The disclosure for this sale can be found here. Insiders sold a total of 9,413 shares of company stock worth $1,149,561 in the last three months. 2.45% of the stock is owned by corporate insiders.
City Price Performance
Shares of CHCO stock traded up $0.86 during trading hours on Thursday, reaching $114.89. The company's stock had a trading volume of 42,268 shares, compared to its average volume of 58,161. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.22. City Holding has a fifty-two week low of $86.56 and a fifty-two week high of $125.54. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 14.45 and a beta of 0.47. The firm's 50 day simple moving average is $115.61 and its 200-day simple moving average is $107.22.
City (NASDAQ:CHCO - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.08. The business had revenue of $94.90 million for the quarter, compared to analyst estimates of $73.20 million. City had a return on equity of 17.42% and a net margin of 32.12%. Sell-side analysts forecast that City Holding will post 7.73 earnings per share for the current year.
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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