SG Americas Securities LLC boosted its holdings in TrustCo Bank Corp NY (NASDAQ:TRST) by 109.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,094 shares of the bank’s stock after buying an additional 17,805 shares during the quarter. SG Americas Securities LLC’s holdings in TrustCo Bank Corp NY were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. grew its position in TrustCo Bank Corp NY by 2.7% in the first quarter. BlackRock Inc. now owns 12,487,463 shares of the bank’s stock worth $105,520,000 after buying an additional 332,989 shares during the last quarter. Dimensional Fund Advisors LP grew its position in TrustCo Bank Corp NY by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,549,665 shares of the bank’s stock worth $46,895,000 after buying an additional 27,058 shares during the last quarter. Franklin Resources Inc. grew its position in TrustCo Bank Corp NY by 42.7% in the first quarter. Franklin Resources Inc. now owns 3,081,954 shares of the bank’s stock worth $26,043,000 after buying an additional 921,888 shares during the last quarter. Northern Trust Corp grew its position in TrustCo Bank Corp NY by 1.0% in the first quarter. Northern Trust Corp now owns 1,415,282 shares of the bank’s stock worth $11,959,000 after buying an additional 13,705 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in TrustCo Bank Corp NY by 2.2% in the first quarter. Principal Financial Group Inc. now owns 760,969 shares of the bank’s stock worth $6,430,000 after buying an additional 16,319 shares during the last quarter. Hedge funds and other institutional investors own 62.03% of the company’s stock.

TrustCo Bank Corp NY stock opened at $8.65 on Monday. The company has a market capitalization of $835.08 million, a price-to-earnings ratio of 15.18 and a beta of 1.00. TrustCo Bank Corp NY has a 1 year low of $8.25 and a 1 year high of $9.70.

TrustCo Bank Corp NY (NASDAQ:TRST) last posted its quarterly earnings results on Monday, July 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $44.60 million for the quarter. TrustCo Bank Corp NY had a net margin of 26.07% and a return on equity of 11.98%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be given a dividend of $0.0681 per share. This represents a $0.27 annualized dividend and a yield of 3.15%. This is a boost from TrustCo Bank Corp NY’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 6th.

Separately, BidaskClub lowered shares of TrustCo Bank Corp NY from a “hold” rating to a “sell” rating in a research report on Friday.

TrustCo Bank Corp NY Profile

TrustCo Bank Corp NY operates as the holding company for Trustco Bank that provides personal and business banking services to individuals, partnerships, and corporations. The company is primarily involved in accepting deposits, and making 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.

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

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