MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 235 Shares of City Holding (NASDAQ:CHCO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in City Holding (NASDAQ:CHCO) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,247 shares of the bank’s stock after acquiring an additional 235 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of City worth $977,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Deutsche Bank AG raised its position in shares of City by 54.1% during the fourth quarter. Deutsche Bank AG now owns 12,810 shares of the bank’s stock valued at $1,518,000 after buying an additional 4,496 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in City by 31.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 17,743 shares of the bank’s stock valued at $2,102,000 after acquiring an additional 4,250 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of City by 153.1% in the 4th quarter. Citadel Advisors LLC now owns 25,365 shares of the bank’s stock worth $3,005,000 after acquiring an additional 15,342 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of City by 56.2% during the 4th quarter. BNP Paribas Financial Markets now owns 8,484 shares of the bank’s stock worth $1,005,000 after purchasing an additional 3,054 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of City by 2.3% during the fourth quarter. Northern Trust Corp now owns 178,962 shares of the bank’s stock valued at $21,203,000 after purchasing an additional 3,944 shares during the period. 72.43% of the stock is currently owned by institutional investors and hedge funds.

City Stock Down 0.5%

Shares of CHCO stock opened at $118.16 on Monday. City Holding has a one year low of $99.63 and a one year high of $137.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a fifty day moving average price of $116.69 and a 200 day moving average price of $120.19. The stock has a market cap of $1.71 billion, a P/E ratio of 14.98 and a beta of 0.52.

City (NASDAQ:CHCO) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.22. City had a net margin of 30.83% and a return on equity of 16.49%. The company had revenue of $74.55 million during the quarter, compared to the consensus estimate of $73.28 million. Analysts predict that City Holding will post 7.58 earnings per share for the current year.

City Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Tuesday, April 15th. City’s dividend payout ratio is 39.60%.

Insider Buying and Selling at City

In other City news, EVP Michael T. Quinlan, Jr. sold 1,400 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $116.22, for a total value of $162,708.00. Following the sale, the executive vice president now directly owns 2,830 shares in the company, valued at $328,902.60. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James M. Parsons bought 2,200 shares of City stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $122.38 per share, for a total transaction of $269,236.00. Following the purchase, the director now directly owns 2,700 shares in the company, valued at $330,426. This represents a 440.00% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 3,069 shares of company stock valued at $359,820. 1.87% of the stock is currently owned by corporate insiders.

City Company Profile

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.