Wellington Management Group LLP Has $3.89 Million Position in Tompkins Financial Corporation $TMP

Key Points

• Wellington Management Group LLP increased its stake in Tompkins Financial Corporation by 52.6%, acquiring an additional 21,258 shares to hold a total of 61,700 shares valued at approximately $3.89 million.
• The company recently disclosed a quarterly dividend of $0.62, representing an annualized dividend of $2.48 and a yield of 3.5%.
• Tompkins Financial's stock price has ranged from a 1-year low of $53.95 to a 1-year high of $79.01, with a current market capitalization of $1.01 billion.

Wellington Management Group LLP increased its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP - Free Report) by 52.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,700 shares of the financial services provider's stock after acquiring an additional 21,258 shares during the period. Wellington Management Group LLP owned about 0.43% of Tompkins Financial worth $3,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of 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 acquiring an additional 3,050 shares in the last quarter. CWM LLC boosted its position in 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 purchasing an additional 737 shares during the period. Principal Financial Group Inc. boosted its position in Tompkins Financial by 3.0% during the first quarter. Principal Financial Group Inc. now owns 62,552 shares of the financial services provider's stock worth $3,940,000 after purchasing an additional 1,829 shares during the period. GAMMA Investing LLC lifted its stake 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 worth $90,000 after buying an additional 395 shares during the last quarter. Finally, Nuveen LLC bought a new position in Tompkins Financial in the 1st quarter worth $2,364,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP traded down $0.30 during midday trading on Wednesday, hitting $69.94. The company's stock had a trading volume of 11,182 shares, compared to its average volume of 49,843. 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 stock's 50 day moving average is $65.98. The firm has a market capitalization of $1.01 billion, a PE ratio of 12.61 and a beta of 0.94. Tompkins Financial Corporation has a fifty-two week low of $53.95 and a fifty-two week high of $79.01.

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 given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 8th. Tompkins Financial's dividend payout ratio (DPR) is 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.