Wellington Management Group LLP purchased a new position in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,442 shares of the financial services provider's stock, valued at approximately $2,743,000. Wellington Management Group LLP owned about 0.28% of Tompkins Financial as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in Tompkins Financial in the fourth quarter worth about $27,000. Sterling Capital Management LLC increased its position in shares of Tompkins Financial by 784.8% during the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 361 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Tompkins Financial in the 4th quarter worth approximately $49,000. Russell Investments Group Ltd. lifted its position in Tompkins Financial by 21,563.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,383 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 2,372 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Tompkins Financial in the 4th quarter valued at approximately $163,000. Institutional investors own 69.11% of the company's stock.
Tompkins Financial Trading Up 0.6%
NYSEAMERICAN:TMP traded up $0.37 during mid-day trading on Monday, reaching $62.30. The company's stock had a trading volume of 35,702 shares, compared to its average volume of 55,329. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $896.50 million, a PE ratio of 12.59 and a beta of 0.73. The firm's fifty day simple moving average is $60.35. Tompkins Financial Co. has a 12-month low of $43.32 and a 12-month high of $79.01.
Tompkins Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Friday, May 9th. Tompkins Financial's dividend payout ratio (DPR) is presently 50.10%.
About Tompkins Financial
(
Free Report)
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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