Principal Financial Group Inc. Buys 2,569 Shares of TrustCo Bank Corp NY (NASDAQ:TRST)

Principal Financial Group Inc. raised its holdings in shares of TrustCo Bank Corp NY (NASDAQ:TRST) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,158 shares of the bank’s stock after buying an additional 2,569 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of TrustCo Bank Corp NY worth $3,070,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of TrustCo Bank Corp NY by 74.2% during the third quarter. JPMorgan Chase & Co. now owns 63,128 shares of the bank’s stock worth $2,088,000 after purchasing an additional 26,881 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TrustCo Bank Corp NY by 29.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,305 shares of the bank’s stock valued at $771,000 after buying an additional 5,248 shares during the last quarter. Barclays PLC raised its position in TrustCo Bank Corp NY by 134.4% in the 3rd quarter. Barclays PLC now owns 37,729 shares of the bank’s stock valued at $1,247,000 after buying an additional 21,633 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TrustCo Bank Corp NY in the 3rd quarter valued at approximately $596,000. Finally, Jane Street Group LLC grew its stake in TrustCo Bank Corp NY by 69.6% in the third quarter. Jane Street Group LLC now owns 33,830 shares of the bank’s stock valued at $1,119,000 after purchasing an additional 13,878 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Stock Down 2.8 %

TRST stock opened at $31.89 on Wednesday. TrustCo Bank Corp NY has a twelve month low of $25.83 and a twelve month high of $38.89. The business has a 50 day moving average price of $32.61 and a two-hundred day moving average price of $33.79. The company has a market cap of $606.23 million, a price-to-earnings ratio of 12.41 and a beta of 0.84.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.59 earnings per share for the quarter. TrustCo Bank Corp NY had a return on equity of 7.37% and a net margin of 18.56%.

TrustCo Bank Corp NY Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.44 annualized dividend and a yield of 4.52%. TrustCo Bank Corp NY’s dividend payout ratio is presently 56.03%.

TrustCo Bank Corp NY Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank, a federal savings bank that provides personal and business banking services to individuals and businesses. The company accepts deposits; and offers loans and investments. It also operates as a real estate investment trust that acquires, holds, and manages real estate mortgage assets, including residential mortgage loans and mortgage-backed securities.