Goldman Sachs Group Inc. cut its stake in TrustCo Bank Corp NY (NASDAQ:TRST) by 51.0% during the first quarter, Holdings Channel reports. The firm owned 158,429 shares of the bank’s stock after selling 164,609 shares during the period. Goldman Sachs Group Inc.’s holdings in TrustCo Bank Corp NY were worth $1,244,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in TrustCo Bank Corp NY by 42,492.2% in the first quarter. BlackRock Inc. now owns 11,674,526 shares of the bank’s stock valued at $91,644,000 after buying an additional 11,647,116 shares during the period. Dimensional Fund Advisors LP increased its position in TrustCo Bank Corp NY by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,190,254 shares of the bank’s stock valued at $40,744,000 after buying an additional 221,187 shares during the period. Vanguard Group Inc. increased its position in TrustCo Bank Corp NY by 5.9% in the first quarter. Vanguard Group Inc. now owns 5,185,647 shares of the bank’s stock valued at $40,708,000 after buying an additional 291,144 shares during the period. State Street Corp increased its position in TrustCo Bank Corp NY by 0.8% in the first quarter. State Street Corp now owns 2,219,969 shares of the bank’s stock valued at $17,430,000 after buying an additional 17,328 shares during the period. Finally, Bank of New York Mellon Corp increased its position in TrustCo Bank Corp NY by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 1,452,245 shares of the bank’s stock valued at $11,399,000 after buying an additional 154,057 shares during the period. 58.26% of the stock is currently owned by institutional investors and hedge funds.

TrustCo Bank Corp NY (TRST) traded down 0.63% on Thursday, hitting $7.90. 43,978 shares of the stock traded hands. The company’s 50 day moving average price is $7.85 and its 200-day moving average price is $7.94. TrustCo Bank Corp NY has a 12-month low of $6.60 and a 12-month high of $9.00. The stock has a market capitalization of $759.20 million, a P/E ratio of 16.92 and a beta of 1.17.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its earnings results on Friday, July 21st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. TrustCo Bank Corp NY had a return on equity of 10.24% and a net margin of 24.58%. The business had revenue of $43.05 million during the quarter. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts predict that TrustCo Bank Corp NY will post $0.49 EPS for the current year.

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About TrustCo Bank Corp NY

TrustCo Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. It operates through community banking segment. The Bank’s business consists of accepting deposits and making loans and investments.

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

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