2 weeks Ago By ABMN Staff
Cerity Partners LLC cut its holdings in shares of TrustCo Bank Corp NY ( NASDAQ:TRST – Free Report ) by 49.8% in the fourth quarter, HoldingsChannel.com reports.
The firm owned 7,218 shares of the bank’s stock after selling 7,166 shares during the quarter. Cerity Partners LLC’s holdings in TrustCo Bank Corp NY were worth $239,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business.
JPMorgan Chase & Co. boosted its stake in TrustCo Bank Corp NY by 69.5% during the fourth quarter.
JPMorgan Chase & Co. now owns 107,008 shares of the bank’s stock worth $3,564,000 after buying an additional 43,880 shares during the period. American Century Companies Inc.
boosted its position in shares of TrustCo Bank Corp NY by 9.5% during the 4th quarter. American Century Companies Inc.
now owns 407,703 shares of the bank’s stock worth $13,581,000 after purchasing an additional 35,343 shares during the period. Proficio Capital Partners LLC acquired a new stake in TrustCo Bank Corp NY in the 4th quarter valued at approximately $746,000. Barclays PLC raised its position in TrustCo Bank Corp NY by 134.
4% in the third quarter. Barclays PLC now owns 37,729 shares of the bank’s stock valued at $1,247,000 after purchasing an additional 21,633 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd.
lifted its stake in TrustCo Bank Corp NY by 105.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 36,987 shares of the bank’s stock worth $1,232,000 after purchasing an additional 18,954 shares in the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.
TrustCo Bank Corp NY Trading Up 1.1 % TRST stock opened at $30.72 on Friday.
The company has a market capitalization of $584.29 million, a PE ratio of 11.95 and a beta of 0.
71. TrustCo Bank Corp NY has a 12-month low of $26.14 and a 12-month high of $38.
89. The business’s fifty day moving average price is $30.39 and its 200 day moving average price is $32.
81. TrustCo Bank Corp NY Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 7th were given a dividend of $0.
36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.
69%. The ex-dividend date was Friday, March 7th. TrustCo Bank Corp NY’s dividend payout ratio is currently 56.
03%. TrustCo Bank Corp NY announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 18th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the bank to buy shares of its stock through open market purchases.
Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued. 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. Read More 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:TRST – Free Report ).
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