1 week Ago By Defense World Staff
Corebridge Financial Inc. decreased its position in shares of TrustCo Bank Corp NY ( NASDAQ:TRST – Free Report ) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 9,903 shares of the bank’s stock after selling 773 shares during the quarter. Corebridge Financial Inc. owned approximately 0.
05% of TrustCo Bank Corp NY worth $330,000 at the end of the most recent quarter. Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in TrustCo Bank Corp NY by 1.
4% in the 3rd quarter. Geode Capital Management LLC now owns 442,783 shares of the bank’s stock worth $14,646,000 after purchasing an additional 6,249 shares during the period. American Century Companies Inc.
lifted its holdings in shares of TrustCo Bank Corp NY by 9.5% in the fourth quarter. American Century Companies Inc.
now owns 407,703 shares of the bank’s stock worth $13,581,000 after buying an additional 35,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of TrustCo Bank Corp NY by 4.
0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 177,238 shares of the bank’s stock worth $5,904,000 after acquiring an additional 6,867 shares during the last quarter.
Principal Financial Group Inc. boosted its position in shares of TrustCo Bank Corp NY by 2.9% during the fourth quarter.
Principal Financial Group Inc. now owns 92,158 shares of the bank’s stock worth $3,070,000 after acquiring an additional 2,569 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in TrustCo Bank Corp NY by 5.
1% during the fourth quarter. Empowered Funds LLC now owns 75,233 shares of the bank’s stock valued at $2,506,000 after acquiring an additional 3,617 shares in the last quarter. Institutional investors own 68.
57% of the company’s stock. TrustCo Bank Corp NY Stock Performance Shares of NASDAQ TRST opened at $27.94 on Friday.
The firm’s fifty day moving average is $31.27 and its two-hundred day moving average is $33.06.
TrustCo Bank Corp NY has a 52-week low of $25.83 and a 52-week high of $38.89.
The company has a market cap of $531.42 million, a P/E ratio of 10.87 and a beta of 0.
71. TrustCo Bank Corp NY declared that its board has approved a stock buyback program on Tuesday, March 18th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases.
Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued. TrustCo Bank Corp NY Announces Dividend The company also recently announced 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. The ex-dividend date was Friday, March 7th. This represents a $1.
44 dividend on an annualized basis and a dividend yield of 5.15%. TrustCo Bank Corp NY’s dividend payout ratio is currently 56.
03%. About TrustCo Bank Corp NY ( 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 Five stocks we like better than TrustCo Bank Corp NY What to Know About Investing in Penny Stocks Joby Aviation: Operational Momentum vs. Market Sentiment Financial Services Stocks Investing Broadcom’s Big Outperformance Shows Strength Amid Tariff Decline Why is the Ex-Dividend Date Significant to Investors? Carvana: Can Turnaround Strength Outdrive Market Headwinds? 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 ). 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 .
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