BlackRock Amends CITY HOLDING CO Stake, Maintains Significant Position
Ticker: CHCO · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 726854
| Field | Detail |
|---|---|
| Company | City Holding Co (CHCO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, stake-disclosure
TL;DR
**BlackRock still owns a big chunk of CITY HOLDING CO, good sign for stability.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of CITY HOLDING COMPANY's Common Stock as of December 31, 2023. This filing, an amendment number 2, shows BlackRock continues to be a significant institutional holder, which can provide stability and confidence to other investors. For current or prospective shareholders, this means a major institutional investor maintains a position, suggesting continued belief in the company's long-term prospects.
Why It Matters
This filing confirms BlackRock, a major institutional investor, still holds a substantial stake in CITY HOLDING COMPANY, signaling their continued confidence in the company.
Risk Assessment
Risk Level: low — The filing indicates a stable institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
Investors should view BlackRock's continued significant stake as a positive signal, suggesting stability and institutional confidence in CITY HOLDING COMPANY, and may consider it a factor in their investment decisions.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- CITY HOLDING COMPANY (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant ownership stake in CITY HOLDING COMPANY. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of securities does BlackRock, Inc. hold in CITY HOLDING COMPANY?
BlackRock, Inc. holds 'Common Stock' of CITY HOLDING COMPANY, as stated in the 'Title of Class of Securities' section of the filing.
What is the CUSIP number for CITY HOLDING COMPANY's securities mentioned in this filing?
The CUSIP number for CITY HOLDING COMPANY's securities is 177835105, as listed under the 'CUSIP Number' section.
When was the event that required BlackRock, Inc. to file this Schedule 13G/A?
The event that required the filing of this statement occurred on December 31, 2023, as indicated by 'Date of Event Which Requires Filing of this Statement'.
What rule under the Securities Exchange Act of 1934 is BlackRock, Inc. filing this Schedule 13G/A under?
BlackRock, Inc. is filing this Schedule 13G/A under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
What is the accession number for this specific SC 13G/A filing?
The accession number for this filing is 0001086364-24-001331, found at the beginning of the filing document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding CITY HOLDING CO (CHCO).