Principal Financial Group Inc. Boosts Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Principal Financial Group Inc. boosted its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,723 shares of the financial services provider’s stock after acquiring an additional 1,660 shares during the period. Principal Financial Group Inc.’s holdings in Tompkins Financial were worth $4,119,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its stake in shares of Tompkins Financial by 2.5% during the 4th quarter. New York State Teachers Retirement System now owns 21,217 shares of the financial services provider’s stock worth $1,439,000 after acquiring an additional 515 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Tompkins Financial during the fourth quarter valued at about $27,000. Cross Staff Investments Inc bought a new position in Tompkins Financial during the fourth quarter worth about $216,000. Cornell Pochily Investment Advisors Inc. boosted its position in Tompkins Financial by 14.5% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 122,701 shares of the financial services provider’s stock worth $8,323,000 after purchasing an additional 15,500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Tompkins Financial by 17.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock worth $2,735,000 after purchasing an additional 5,956 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Tompkins Financial Trading Down 1.1 %

Shares of NYSEAMERICAN TMP opened at $68.14 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.92. Tompkins Financial Co. has a fifty-two week low of $43.09 and a fifty-two week high of $79.01. The firm has a market capitalization of $980.53 million, a PE ratio of 13.77 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, February 14th. Tompkins Financial’s dividend payout ratio is presently 50.10%.

Analyst Ratings Changes

Separately, Piper Sandler started coverage on shares of Tompkins Financial in a research note on Friday, December 20th. They set a “neutral” rating and a $70.00 price target on the stock.

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.