UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in City Holding Company $CHCO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of City Holding Company (NASDAQ:CHCO) by 23.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,671 shares of the bank’s stock after buying an additional 6,314 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of City worth $4,466,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in City during the second quarter valued at $270,231,000. State Street Corp boosted its holdings in City by 1.0% in the second quarter. State Street Corp now owns 639,166 shares of the bank’s stock worth $78,247,000 after purchasing an additional 6,371 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of City by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,455 shares of the bank’s stock worth $70,740,000 after acquiring an additional 6,552 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of City by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 470,344 shares of the bank’s stock valued at $56,217,000 after purchasing an additional 8,992 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in City by 0.6% during the fourth quarter. JPMorgan Chase & Co. now owns 213,447 shares of the bank’s stock valued at $25,443,000 after buying an additional 1,354 shares during the last quarter. 72.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at City

In other news, CEO Charles R. Hageboeck sold 4,485 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $144.96, for a total transaction of $650,145.60. Following the transaction, the chief executive officer owned 43,998 shares in the company, valued at approximately $6,377,950.08. This trade represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sharon H. Rowe sold 400 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $143.96, for a total transaction of $57,584.00. Following the transaction, the director owned 10,576 shares in the company, valued at approximately $1,522,520.96. This represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 444 shares of company stock worth $59,740 over the last 90 days. Insiders own 1.75% of the company’s stock.

City Trading Down 0.5%

CHCO opened at $143.97 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50 day moving average price is $141.60 and its 200-day moving average price is $130.14. City Holding Company has a one year low of $113.21 and a one year high of $148.99. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 15.75 and a beta of 0.48.

City (NASDAQ:CHCO) last released its earnings results on Wednesday, July 22nd. The bank reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.12. The business had revenue of $81.52 million during the quarter, compared to the consensus estimate of $80.64 million. City had a return on equity of 16.34% and a net margin of 32.58%. On average, equities analysts forecast that City Holding Company will post 9.29 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on CHCO. Weiss Ratings raised City from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, September 4th. Hovde Group boosted their price target on shares of City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.50.

City Profile

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.