Millennium Management LLC Sells 24,890 Shares of Tompkins Financial Co. (NYSEAMERICAN:TMP)

Millennium Management LLC reduced its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,998 shares of the financial services provider’s stock after selling 24,890 shares during the period. Millennium Management LLC owned 0.15% of Tompkins Financial worth $1,424,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TMP. Vanguard Group Inc. boosted 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 valued at $88,579,000 after acquiring an additional 4,173 shares in the last quarter. Northern Trust Corp boosted its position in shares of Tompkins Financial by 2.5% in the 4th quarter. Northern Trust Corp now owns 145,899 shares of the financial services provider’s stock worth $9,896,000 after purchasing an additional 3,492 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Tompkins Financial by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 135,613 shares of the financial services provider’s stock worth $9,199,000 after purchasing an additional 22,851 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Tompkins Financial by 50.2% in the 4th quarter. American Century Companies Inc. now owns 123,654 shares of the financial services provider’s stock worth $8,387,000 after purchasing an additional 41,329 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Tompkins Financial by 76.1% in the 4th quarter. JPMorgan Chase & Co. now owns 109,668 shares of the financial services provider’s stock worth $7,439,000 after purchasing an additional 47,382 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Tompkins Financial Trading Up 1.2%

NYSEAMERICAN:TMP opened at $61.59 on Wednesday. Tompkins Financial Co. has a 12 month low of $43.32 and a 12 month high of $79.01. The business’s fifty day moving average is $60.47. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $886.28 million, a P/E ratio of 12.44 and a beta of 0.73.

Tompkins Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Friday, May 9th. Tompkins Financial’s dividend payout ratio is currently 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.