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:TRSTFree Report) 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:TRSTGet Free Report) 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

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding TRST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TrustCo Bank Corp NY (NASDAQ:TRSTFree Report).

Institutional Ownership by Quarter for TrustCo Bank Corp NY (NASDAQ:TRST)

Receive News & Ratings for TrustCo Bank Corp NY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrustCo Bank Corp NY and related companies with MarketBeat.com's FREE daily email newsletter.