Charles Schwab Investment Management Inc. Lowers Position in Tompkins Financial Corporation $TMP

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Tompkins Financial Corporation by 12.8%, owning approximately 118,539 shares worth $7,466,000 after selling 17,347 shares in the first quarter.
• Other institutional investors have also adjusted their holdings, with several purchasing new stakes or increasing their investments in Tompkins Financial in recent quarters.
• Tompkins Financial recently declared a quarterly dividend of $0.62, translating to an annualized dividend of $2.48 and a dividend yield of 3.5%.

Charles Schwab Investment Management Inc. decreased its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,539 shares of the financial services provider's stock after selling 17,347 shares during the period. Charles Schwab Investment Management Inc. owned about 0.82% of Tompkins Financial worth $7,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aquatic Capital Management LLC purchased a new stake in shares of Tompkins Financial in the fourth quarter valued at about $49,000. GAMMA Investing LLC boosted its holdings in shares of Tompkins Financial by 38.2% in the first quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 395 shares in the last quarter. von Borstel & Associates Inc. purchased a new stake in shares of Tompkins Financial in the first quarter valued at about $95,000. CWM LLC boosted its holdings in shares of Tompkins Financial by 66.3% in the first quarter. CWM LLC now owns 1,848 shares of the financial services provider's stock valued at $116,000 after acquiring an additional 737 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Tompkins Financial in the fourth quarter valued at about $223,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Tompkins Financial Stock Up 1.3%

Shares of TMP opened at $70.41 on Wednesday. The company has a 50-day moving average of $65.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $1.02 billion, a P/E ratio of 12.71 and a beta of 0.92. Tompkins Financial Corporation has a 52-week low of $53.95 and a 52-week high of $79.01.

Tompkins Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.5%. Tompkins Financial's dividend payout ratio is presently 50.10%.

About Tompkins Financial

Tompkins Financial Corporation, a financial holding company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, and insurance services. The company operates through three segments: Banking, Insurance, and Wealth Management. It accepts various deposit products, including checking and savings accounts, time deposits, and IRA products, as well as brokered, reciprocal, and municipal money market deposits.

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