Northern Trust Corp Grows Stake in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Northern Trust Corp grew its position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,899 shares of the financial services provider’s stock after purchasing an additional 3,492 shares during the period. Northern Trust Corp owned approximately 1.01% of Tompkins Financial worth $9,896,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TMP. Vanguard Group Inc. lifted its stake in Tompkins Financial by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,305,903 shares of the financial services provider’s stock worth $88,579,000 after purchasing an additional 4,173 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 acquiring an additional 22,851 shares during the last quarter. American Century Companies Inc. raised its stake 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 acquiring an additional 41,329 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake 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 acquiring an additional 15,500 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 acquiring an additional 47,382 shares during the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Tompkins Financial Trading Down 0.6%

Shares of NYSEAMERICAN:TMP opened at $64.57 on Friday. The company has a market capitalization of $929.16 million, a P/E ratio of 13.04 and a beta of 0.73. The company’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 12 month low of $43.32 and a 12 month high of $79.01.

Tompkins Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Friday, May 9th. Tompkins Financial’s dividend payout ratio (DPR) is presently 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.