Jane Street Group LLC Boosts Holdings in TrustCo Bank Corp NY (NASDAQ:TRST)

Jane Street Group LLC increased its position in TrustCo Bank Corp NY (NASDAQ:TRST) by 69.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,830 shares of the bank’s stock after purchasing an additional 13,878 shares during the quarter. Jane Street Group LLC’s holdings in TrustCo Bank Corp NY were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Systematic Financial Management LP grew its stake in shares of TrustCo Bank Corp NY by 17.0% during the third quarter. Systematic Financial Management LP now owns 1,109,561 shares of the bank’s stock valued at $36,693,000 after acquiring an additional 161,001 shares in the last quarter. Verition Fund Management LLC grew its stake in TrustCo Bank Corp NY by 35.2% during the 3rd quarter. Verition Fund Management LLC now owns 290,208 shares of the bank’s stock valued at $9,597,000 after purchasing an additional 75,594 shares in the last quarter. Martingale Asset Management L P purchased a new stake in TrustCo Bank Corp NY during the 3rd quarter worth approximately $934,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 purchasing an additional 5,248 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of TrustCo Bank Corp NY by 225.6% during the 3rd quarter. FMR LLC now owns 7,189 shares of the bank’s stock valued at $238,000 after buying an additional 4,981 shares during the last quarter. 68.57% of the stock is owned by institutional investors and hedge funds.

TrustCo Bank Corp NY Trading Down 1.2 %

Shares of NASDAQ:TRST opened at $33.42 on Monday. The firm has a market cap of $635.31 million, a PE ratio of 13.37 and a beta of 0.83. The company has a fifty day simple moving average of $35.43 and a 200 day simple moving average of $33.16. TrustCo Bank Corp NY has a 12-month low of $25.83 and a 12-month high of $38.89.

TrustCo Bank Corp NY (NASDAQ:TRST) last released its earnings results on Monday, October 21st. The bank reported $0.68 earnings per share for the quarter. TrustCo Bank Corp NY had a net margin of 18.24% and a return on equity of 7.24%. The company had revenue of $66.00 million during the quarter. During the same period in the previous year, the firm posted $0.77 EPS.

TrustCo Bank Corp NY Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Friday, December 6th. TrustCo Bank Corp NY’s dividend payout ratio is presently 57.60%.

TrustCo Bank Corp NY Company Profile

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.