Today, Macquarie Group Ltd. Reached $19,889,000 position of City Holding Co. (CHCO)

Today, Macquarie Group Ltd. Reached $19,889,000 position  of City Holding Co. (CHCO)
Macquarie Group Ltd. raised its stake in shares of City Holding Co. (NASDAQ:CHCO) by 27.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,419 shares of the company’s stock after buying an additional 95,319 shares during the period. Macquarie Group Ltd.’s holdings in City Holding were worth $19,889,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in City Holding by 100.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,663 shares of the company’s stock valued at $212,000 after buying an additional 2,341 shares during the last quarter. BlackRock Group LTD raised its stake in City Holding by 2.7% in the first quarter. BlackRock Group LTD now owns 26,617 shares of the company’s stock valued at $1,272,000 after buying an additional 704 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in City Holding by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 465,821 shares of the company’s stock valued at $22,257,000 after buying an additional 6,275 shares in the last quarter. First Trust Advisors LP raised its stake in 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 in the last quarter. Finally, Nationwide Fund Advisors raised its stake in City Holding by 0.9% in the second quarter. Nationwide Fund Advisors now owns 11,810 shares of the company’s stock valued at $537,000 after buying an additional 107 shares in the last quarter. 61.65% of the stock is owned by hedge funds and other institutional investors.

City Holding Co. (NASDAQ:CHCO) traded up 0.06% during midday trading on Friday, reaching $61.99. 20,985 shares of the company traded hands. The stock has a market capitalization of $930.28 million, a P/E ratio of 18.44 and a beta of 0.75. The firm has a 50-day moving average of $53.80 and a 200-day moving average of $49.60. City Holding Co. has a 1-year low of $40.74 and a 1-year high of $62.38.

City Holding (NASDAQ:CHCO) last issued its quarterly earnings results on Monday, October 24th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. City Holding had a return on equity of 11.96% and a net margin of 26.90%. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, analysts predict that City Holding Co. will post $3.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 14th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Wednesday, October 12th. City Holding’s dividend payout ratio is presently 51.04%.

Separately, Zacks Investment Research raised shares of City Holding from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, October 26th.

In other City Holding news, EVP Craig G. Stilwell sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the executive vice president now owns 37,929 shares of the company’s stock, valued at $2,275,740. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Charles R. Hageboeck sold 4,713 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $61.49, for a total value of $289,802.37. Following the completion of the sale, the chief executive officer now directly owns 75,133 shares of the company’s stock, valued at approximately $4,619,928.17. The disclosure for this sale can be found here. 4.11% of the stock is owned by company insiders.

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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