AQR Capital Management LLC Makes New Investment in Tompkins Financial Co. (NYSEAMERICAN:TMP)

AQR Capital Management LLC acquired a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,566 shares of the financial services provider's stock, valued at approximately $468,000. AQR Capital Management LLC owned 0.07% of Tompkins Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. John G Ullman & Associates Inc. increased its holdings in shares of Tompkins Financial by 224.0% during the 1st quarter. John G Ullman & Associates Inc. now owns 101,865 shares of the financial services provider's stock worth $5,123,000 after buying an additional 70,422 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tompkins Financial by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider's stock worth $27,941,000 after purchasing an additional 34,752 shares during the period. Bank of Montreal Can acquired a new stake in Tompkins Financial during the 2nd quarter worth approximately $1,112,000. ProShare Advisors LLC raised its holdings in Tompkins Financial by 13.5% in the first quarter. ProShare Advisors LLC now owns 155,834 shares of the financial services provider's stock valued at $7,837,000 after buying an additional 18,579 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Tompkins Financial during the first quarter valued at approximately $600,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Tompkins Financial Trading Up 2.5 %

TMP stock traded up $1.54 during trading on Tuesday, reaching $63.89. 65,571 shares of the company's stock were exchanged, compared to its average volume of 60,144. Tompkins Financial Co. has a 1-year low of $43.09 and a 1-year high of $65.54. The firm has a market capitalization of $920.02 million, a PE ratio of 65.19 and a beta of 0.69. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.94 and a current ratio of 0.94.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.20. The company had revenue of $107.02 million for the quarter. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%.

Tompkins Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.44 annualized dividend and a yield of 3.82%. Tompkins Financial's payout ratio is presently 248.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TMP shares. Keefe, Bruyette & Woods upgraded Tompkins Financial from a "market perform" rating to an "outperform" rating and increased their target price for the company from $59.00 to $68.00 in a research note on Wednesday, October 2nd. StockNews.com raised shares of Tompkins Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 3rd.

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.