LPL Financial LLC Grows Stock Position in Tompkins Financial Corporation $TMP

Key Points

• LPL Financial LLC increased its stake in Tompkins Financial Corporation by 12.3% during the first quarter, now owning approximately 35,507 shares valued at $2,236,000.
• Tompkins Financial announced a quarterly dividend of $0.62, representing an annualized dividend of $2.48 and a yield of 3.7%.
• Institutional investors and hedge funds account for 69.11% of Tompkins Financial's stock ownership, reflecting strong institutional interest in the company.

LPL Financial LLC boosted its position in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,507 shares of the financial services provider's stock after acquiring an additional 3,881 shares during the period. LPL Financial LLC owned about 0.25% of Tompkins Financial worth $2,236,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TMP. SG Americas Securities LLC increased its position in Tompkins Financial by 42.2% during the first quarter. SG Americas Securities LLC now owns 10,283 shares of the financial services provider's stock worth $648,000 after purchasing an additional 3,050 shares during the last quarter. CWM LLC grew its stake in shares of Tompkins Financial by 66.3% during the 1st quarter. CWM LLC now owns 1,848 shares of the financial services provider's stock valued at $116,000 after buying an additional 737 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Tompkins Financial by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 62,552 shares of the financial services provider's stock worth $3,940,000 after buying an additional 1,829 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Tompkins Financial by 38.2% during the 1st quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock worth $90,000 after buying an additional 395 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tompkins Financial by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,245 shares of the financial services provider's stock worth $491,000 after buying an additional 253 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Price Performance

TMP stock traded up $3.78 during trading on Friday, reaching $70.39. 64,363 shares of the stock traded hands, compared to its average volume of 48,758. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 12.71 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.88. The firm's 50 day simple moving average is $64.67. Tompkins Financial Corporation has a 52-week low of $53.95 and a 52-week high of $79.01.

Tompkins Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Tompkins Financial's dividend payout ratio (DPR) is presently 50.10%.

Tompkins Financial Profile

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.