Jane Street Group LLC Increases Holdings in Tompkins Financial Co. (NYSEAMERICAN:TMP)

Jane Street Group LLC increased its stake in Tompkins Financial Co. (NYSEAMERICAN:TMP - Free Report) by 130.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,100 shares of the financial services provider's stock after purchasing an additional 14,210 shares during the quarter. Jane Street Group LLC owned 0.17% of Tompkins Financial worth $1,451,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Tompkins Financial by 6.5% in 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 bought a new position in Tompkins Financial in the second quarter worth approximately $1,112,000. Bank of New York Mellon Corp boosted its stake in shares of Tompkins Financial by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 126,288 shares of the financial services provider's stock worth $6,175,000 after acquiring an additional 11,140 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Tompkins Financial during the 2nd quarter valued at $468,000. Finally, Centiva Capital LP purchased a new stake in shares of Tompkins Financial in the 3rd quarter worth $299,000. Institutional investors own 69.11% of the company's stock.

Tompkins Financial Trading Down 2.3 %

NYSEAMERICAN TMP traded down $1.57 during trading hours on Friday, hitting $67.97. 36,209 shares of the company were exchanged, compared to its average volume of 60,084. The stock has a market capitalization of $978.09 million, a P/E ratio of 14.68 and a beta of 0.72. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $79.01. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.92.

Tompkins Financial (NYSEAMERICAN:TMP - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.09. The business 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 last year, the firm earned ($2.35) EPS.

Tompkins Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.65%. This is a boost from Tompkins Financial's previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 8th. Tompkins Financial's payout ratio is 53.56%.

Analyst Ratings Changes

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

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.