26,827 Shares in City Holding Company $CHCO Acquired by Man Group plc

Man Group plc bought a new position in shares of City Holding Company (NASDAQ:CHCO) during the second quarter, HoldingsChannel.com reports. The firm bought 26,827 shares of the bank’s stock, valued at approximately $3,558,000.

A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its position in shares of City by 5.6% during the 1st quarter. Royal Bank of Canada now owns 15,586 shares of the bank’s stock valued at $1,831,000 after purchasing an additional 821 shares during the period. AQR Capital Management LLC boosted its holdings in City by 34.5% in the 1st quarter. AQR Capital Management LLC now owns 8,977 shares of the bank’s stock worth $1,055,000 after buying an additional 2,305 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in City by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,634 shares of the bank’s stock worth $1,014,000 after buying an additional 387 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in City during the first quarter valued at about $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in City by 7.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,285 shares of the bank’s stock valued at $4,497,000 after acquiring an additional 2,603 shares during the period. 72.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Sharon H. Rowe sold 400 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $143.96, for a total value of $57,584.00. Following the completion of the transaction, the director directly owned 10,576 shares of the company’s stock, valued at approximately $1,522,520.96. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles R. Hageboeck sold 4,485 shares of the business’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 completion of the sale, the chief executive officer owned 43,998 shares in the company, valued at $6,377,950.08. This represents a 9.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 444 shares of company stock worth $59,740. Corporate insiders own 1.75% of the company’s stock.

Analyst Ratings Changes

CHCO has been the subject of a number of recent analyst reports. Hovde Group upped their price objective on City from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings raised City from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, City presently has an average rating of “Hold” and a consensus price target of $136.50.

City Trading Down 0.4%

Shares of City stock opened at $142.95 on Tuesday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 15.64 and a beta of 0.48. The business has a 50-day moving average price of $139.93 and a 200-day moving average price of $129.22. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. City Holding Company has a twelve month low of $113.21 and a twelve month high of $148.99.

City (NASDAQ:CHCO) last posted its earnings results on Wednesday, July 22nd. The bank reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. City had a return on equity of 16.34% and a net margin of 32.58%.The company had revenue of $81.52 million for the quarter, compared to the consensus estimate of $80.64 million. Equities research analysts anticipate that City Holding Company will post 9.29 EPS for the current fiscal year.

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.