Principal Financial Group Inc. Has $4.06 Million Holdings in Tompkins Financial Corporation $TMP

Principal Financial Group Inc. trimmed its holdings in Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,386 shares of the financial services provider’s stock after selling 9,508 shares during the period. Principal Financial Group Inc. owned about 0.43% of Tompkins Financial worth $4,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TMP. Chicago Partners Investment Group LLC increased its stake in Tompkins Financial by 1.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,438 shares of the financial services provider’s stock worth $751,000 after purchasing an additional 216 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tompkins Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,556 shares of the financial services provider’s stock valued at $476,000 after buying an additional 311 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Tompkins Financial by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 4,982 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 378 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tompkins Financial by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,463 shares of the financial services provider’s stock worth $2,187,000 after acquiring an additional 667 shares during the period. Finally, Prudential Financial Inc. lifted its position in Tompkins Financial by 5.7% in the 2nd quarter. Prudential Financial Inc. now owns 13,143 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 703 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler started coverage on Tompkins Financial in a report on Wednesday, December 3rd. They set a “neutral” rating and a $74.00 target price for the company. Zacks Research raised Tompkins Financial to a “hold” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.00.

Insider Activity at Tompkins Financial

In other news, Director Ita M. Rahilly bought 1,463 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $68.36 per share, for a total transaction of $100,010.68. Following the completion of the acquisition, the director owned 10,511 shares in the company, valued at approximately $718,531.96. This represents a 16.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.50% of the company’s stock.

Tompkins Financial Trading Down 1.2%

Tompkins Financial stock opened at $82.76 on Monday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 7.38 and a beta of 0.79. The firm has a 50-day moving average of $76.70 and a 200-day moving average of $70.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95. Tompkins Financial Corporation has a one year low of $54.16 and a one year high of $86.95.

Tompkins Financial (NYSEAMERICAN:TMP) last released its earnings results on Friday, January 30th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Tompkins Financial had a return on equity of 11.19% and a net margin of 27.82%.The business had revenue of $257.30 million for the quarter, compared to the consensus estimate of $136.16 million. On average, equities analysts expect that Tompkins Financial Corporation will post 5.46 earnings per share for the current fiscal year.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, February 22nd. Stockholders of record on Friday, February 13th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Tompkins Financial’s previous quarterly dividend of $0.65. Tompkins Financial’s payout ratio is currently 54.14%.

About Tompkins Financial

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.