Tompkins Financial Corporation $TMP Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Tompkins Financial Corporation by 18.2%, now holding 72,682 shares valued at approximately $4.57 million.
• Other institutional investments include GAMMA Investing LLC increasing its stake by 38.2%, alongside new acquisitions from von Borstel & Associates and Heritage Investment Group.
• Tompkins Financial recently declared a quarterly dividend of $0.62 per share, resulting in an annualized yield of 3.7%.

Goldman Sachs Group Inc. lowered its stake in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,682 shares of the financial services provider's stock after selling 16,122 shares during the quarter. Goldman Sachs Group Inc. owned about 0.50% of Tompkins Financial worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Tompkins Financial by 38.2% during the first quarter. GAMMA Investing LLC now owns 1,429 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 395 shares in the last quarter. von Borstel & Associates Inc. purchased a new stake in shares of Tompkins Financial during the first quarter worth about $95,000. CWM LLC grew its stake in shares of Tompkins Financial by 66.3% during the first quarter. CWM LLC now owns 1,848 shares of the financial services provider's stock worth $116,000 after acquiring an additional 737 shares during the last quarter. State of Wyoming purchased a new stake in shares of Tompkins Financial during the fourth quarter worth about $223,000. Finally, Heritage Investment Group Inc. purchased a new stake in shares of Tompkins Financial during the first quarter worth about $229,000. Institutional investors own 69.11% of the company's stock.

Tompkins Financial Stock Down 2.7%

Shares of TMP stock traded down $1.92 during trading hours on Friday, reaching $69.17. 144,576 shares of the company's stock were exchanged, compared to its average volume of 41,354. Tompkins Financial Corporation has a 1 year low of $54.16 and a 1 year high of $79.01. The stock has a market cap of $998.12 million, a PE ratio of 12.49 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average price is $67.07 and its two-hundred day moving average price is $63.68.

Tompkins Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.6%. Tompkins Financial's payout ratio is 50.10%.

Tompkins Financial Company 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.