Mercer Global Advisors Inc. ADV Acquires Shares of 4,916 Tompkins Financial Co. (NYSEAMERICAN:TMP)

Mercer Global Advisors Inc. ADV acquired a new stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,916 shares of the financial services provider’s stock, valued at approximately $333,000.

A number of other institutional investors have also modified their holdings of TMP. JPMorgan Chase & Co. grew its holdings in Tompkins Financial by 76.1% during the fourth quarter. JPMorgan Chase & Co. now owns 109,668 shares of the financial services provider’s stock worth $7,439,000 after acquiring an additional 47,382 shares during the period. American Century Companies Inc. grew its holdings in Tompkins Financial by 50.2% during the fourth quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider’s stock worth $8,387,000 after acquiring an additional 41,329 shares during the period. Wellington Management Group LLP acquired a new position in Tompkins Financial during the fourth quarter worth $2,743,000. LPL Financial LLC grew its holdings in Tompkins Financial by 476.0% during the fourth quarter. LPL Financial LLC now owns 31,626 shares of the financial services provider’s stock worth $2,145,000 after acquiring an additional 26,135 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Tompkins Financial during the fourth quarter worth $1,661,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Price Performance

Shares of TMP stock opened at $64.75 on Thursday. The business’s fifty day simple moving average is $60.94. Tompkins Financial Co. has a 1-year low of $43.32 and a 1-year high of $79.01. The firm has a market capitalization of $931.75 million, a price-to-earnings ratio of 13.08 and a beta of 0.73. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, May 9th. Tompkins Financial’s dividend payout ratio 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.