Principal Financial Group Inc. Has $3.41 Million Stock Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Principal Financial Group Inc. decreased its holdings in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,063 shares of the financial services provider’s stock after selling 2,795 shares during the quarter. Principal Financial Group Inc. owned about 0.41% of Tompkins Financial worth $3,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMP. FMR LLC raised its position in shares of Tompkins Financial by 14.3% during the third quarter. FMR LLC now owns 1,731 shares of the financial services provider’s stock valued at $100,000 after buying an additional 216 shares during the last quarter. nVerses Capital LLC increased its stake in Tompkins Financial by 100.0% during the third quarter. nVerses Capital LLC now owns 600 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 300 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Tompkins Financial by 3.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,016 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 317 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Tompkins Financial by 89.0% in the 3rd quarter. GAMMA Investing LLC now owns 877 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 413 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Tompkins Financial by 23.8% during the 2nd quarter. Sei Investments Co. now owns 5,194 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Tompkins Financial Trading Up 1.2 %

TMP stock opened at $67.55 on Friday. Tompkins Financial Co. has a 1-year low of $43.09 and a 1-year high of $79.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $972.04 million, a PE ratio of 14.59 and a beta of 0.72.

Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, October 25th. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09. The company had revenue of $112.51 million for the quarter. Tompkins Financial had a net margin of 15.59% and a return on equity of 9.68%. During the same quarter in the prior year, the firm posted ($2.35) EPS.

Tompkins Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.48 dividend on an annualized basis and a yield of 3.67%. This is a positive change from Tompkins Financial’s previous quarterly dividend of $0.61. Tompkins Financial’s payout ratio is currently 53.56%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler assumed coverage on Tompkins Financial in a research note on Friday, December 20th. They issued a “neutral” rating and a $70.00 target price for the company. Keefe, Bruyette & Woods upgraded shares of Tompkins Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd.

About Tompkins Financial

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.