Principal Financial Group Inc. Reduces Position in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Principal Financial Group Inc. trimmed its holdings in Tompkins Financial Co. (NYSEAMERICAN:TMPFree Report) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,246 shares of the financial services provider’s stock after selling 2,807 shares during the quarter. Principal Financial Group Inc. owned about 0.45% of Tompkins Financial worth $3,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornell University acquired a new stake in Tompkins Financial during the fourth quarter worth about $1,898,000. Dimensional Fund Advisors LP grew its holdings in shares of Tompkins Financial by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 530,926 shares of the financial services provider’s stock worth $31,978,000 after purchasing an additional 22,252 shares during the period. Tompkins Financial Corp lifted its position in Tompkins Financial by 1.6% in the fourth quarter. Tompkins Financial Corp now owns 1,181,017 shares of the financial services provider’s stock valued at $71,133,000 after buying an additional 18,305 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Tompkins Financial by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 163,688 shares of the financial services provider’s stock valued at $9,859,000 after acquiring an additional 9,442 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Tompkins Financial by 10.0% in the 3rd quarter. American Century Companies Inc. now owns 100,425 shares of the financial services provider’s stock valued at $4,920,000 after acquiring an additional 9,108 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tompkins Financial

In related news, Director Janet M. Coletti acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average price of $47.91 per share, with a total value of $47,910.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $95,820. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

Tompkins Financial Stock Performance

Shares of NYSEAMERICAN:TMP opened at $46.27 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.78. The company has a market cap of $666.29 million, a PE ratio of 100.83 and a beta of 0.70. Tompkins Financial Co. has a twelve month low of $43.09 and a twelve month high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMPGet Free Report) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.04). The company had revenue of $72.81 million during the quarter, compared to analyst estimates of $74.91 million. Tompkins Financial had a net margin of 2.16% and a return on equity of 1.08%. As a group, sell-side analysts predict that Tompkins Financial Co. will post 4.21 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.27%. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, May 9th. Tompkins Financial’s dividend payout ratio is presently 519.15%.

Wall Street Analysts Forecast Growth

TMP has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $50.00 price objective (down previously from $55.00) on shares of Tompkins Financial in a research note on Friday, May 3rd. raised Tompkins Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th.

Read Our Latest Stock Report on TMP

Tompkins Financial Company Profile

(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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Institutional Ownership by Quarter for Tompkins Financial (NYSEAMERICAN:TMP)

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