Ameriprise Financial Inc. increased its stake in shares of City Holding Co. (NASDAQ:CHCO) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,513 shares of the company’s stock after buying an additional 1,154 shares during the period. Ameriprise Financial Inc. owned about 0.68% of City Holding worth $4,616,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in CHCO. First Trust Advisors LP raised its stake in shares of City Holding by 39.2% in the second quarter. First Trust Advisors LP now owns 36,013 shares of the company’s stock valued at $1,638,000 after buying an additional 10,140 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of City Holding during the second quarter valued at about $387,000. Emerald Acquisition Ltd. bought a new stake in shares of City Holding during the second quarter valued at about $135,000. Swiss National Bank raised its stake in shares of City Holding by 2.5% in the second quarter. Swiss National Bank now owns 24,900 shares of the company’s stock valued at $1,132,000 after buying an additional 600 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of City Holding during the second quarter valued at about $1,233,000. Institutional investors and hedge funds own 60.11% of the company’s stock.
Shares of City Holding Co. (NASDAQ:CHCO) traded down 0.45% during midday trading on Monday, hitting $48.81. 944 shares of the stock were exchanged. City Holding Co. has a 52-week low of $40.74 and a 52-week high of $51.33. The firm’s 50-day moving average is $49.91 and its 200 day moving average is $48.22. The firm has a market cap of $732.39 million, a PE ratio of 15.35 and a beta of 1.01.
City Holding (NASDAQ:CHCO) last released its earnings results on Tuesday, July 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.04. City Holding had a net margin of 26.25% and a return on equity of 11.45%. During the same period last year, the business posted $0.78 earnings per share. On average, analysts forecast that City Holding Co. will post $3.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, October 12th. City Holding’s dividend payout ratio (DPR) is currently 54.09%.
Separately, Zacks Investment Research upgraded shares of City Holding from a “sell” rating to a “hold” rating in a report on Thursday, August 11th.
City Holding Company Profile
City Holding Company is a financial holding company. The Company conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.
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