Northern Trust Corp Raises Stock Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Northern Trust Corp boosted its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 145,899 shares of the financial services provider’s stock after buying an additional 3,492 shares during the period. Northern Trust Corp’s holdings in Tompkins Financial were worth $9,896,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Tompkins Financial by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 1,305,903 shares of the financial services provider’s stock valued at $88,579,000 after purchasing an additional 4,173 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Tompkins Financial by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider’s stock valued at $9,199,000 after purchasing an additional 22,851 shares in the last quarter. American Century Companies Inc. grew its position in shares of 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 valued at $8,387,000 after purchasing an additional 41,329 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in shares of 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 valued at $8,323,000 after purchasing an additional 15,500 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Tompkins Financial by 76.1% during the fourth quarter. JPMorgan Chase & Co. now owns 109,668 shares of the financial services provider’s stock valued at $7,439,000 after purchasing an additional 47,382 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Tompkins Financial Stock Down 0.6%

Shares of Tompkins Financial stock opened at $64.57 on Friday. The stock has a market capitalization of $929.16 million, a price-to-earnings ratio of 13.04 and a beta of 0.73. The firm’s 50-day moving average price is $61.03. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11. Tompkins Financial Co. has a twelve month low of $43.32 and a twelve month high of $79.01.

Tompkins Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.84%. The ex-dividend date was Friday, May 9th. Tompkins Financial’s payout ratio is currently 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.