Axxcess Wealth Management LLC Buys 885 Shares of City Holding (NASDAQ:CHCO)

Axxcess Wealth Management LLC boosted its stake in shares of City Holding (NASDAQ:CHCO) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,418 shares of the bank’s stock after buying an additional 885 shares during the quarter. Axxcess Wealth Management LLC owned approximately 0.74% of City worth $12,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in City by 125.3% during the 3rd quarter. Barclays PLC now owns 28,845 shares of the bank’s stock valued at $3,385,000 after buying an additional 16,044 shares in the last quarter. Franklin Resources Inc. lifted its holdings in City by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,362 shares of the bank’s stock valued at $1,116,000 after buying an additional 404 shares in the last quarter. Jane Street Group LLC lifted its holdings in City by 66.6% during the 3rd quarter. Jane Street Group LLC now owns 25,017 shares of the bank’s stock valued at $2,937,000 after buying an additional 9,999 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in City during the 4th quarter valued at about $227,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in City by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 550,755 shares of the bank’s stock valued at $65,253,000 after buying an additional 22,226 shares in the last quarter. Institutional investors own 72.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CHCO. Piper Sandler reduced their price target on shares of City from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on shares of City from $120.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

City Trading Down 0.3 %

NASDAQ CHCO opened at $117.61 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.73 billion, a PE ratio of 14.91 and a beta of 0.48. The company has a 50 day moving average price of $117.90 and a 200 day moving average price of $120.55. City Holding has a 52 week low of $97.50 and a 52 week high of $137.28.

City (NASDAQ:CHCO) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.94 EPS for the quarter, topping the consensus estimate 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, sell-side analysts forecast that City Holding will post 7.58 EPS for the current fiscal year.

Insider Buying and Selling

In other City news, Director Charles W. Fairchilds sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $120.50, for a total transaction of $60,250.00. Following the sale, the director now owns 1,014 shares of the company’s stock, valued at approximately $122,187. The trade was a 33.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David L. Bumgarner sold 556 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was 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 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 in the last 90 days. 2.45% of the stock is owned by corporate insiders.

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.