MetLife Investment Advisors LLC purchased a new stake in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,912 shares of the financial services provider’s stock, valued at approximately $562,000.
A number of other institutional investors have also recently bought and sold shares of TMP. BlackRock Inc. grew its stake in Tompkins Financial by 2.5% during the 4th quarter. BlackRock Inc. now owns 1,679,158 shares of the financial services provider’s stock valued at $136,599,000 after purchasing an additional 40,257 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Tompkins Financial during the 4th quarter valued at about $1,994,000. Deutsche Bank AG grew its stake in Tompkins Financial by 96.2% during the 4th quarter. Deutsche Bank AG now owns 36,244 shares of the financial services provider’s stock valued at $2,947,000 after purchasing an additional 17,772 shares during the last quarter. Arizona State Retirement System grew its stake in Tompkins Financial by 223.9% during the 4th quarter. Arizona State Retirement System now owns 20,770 shares of the financial services provider’s stock valued at $1,690,000 after purchasing an additional 14,358 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Tompkins Financial by 80.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 28,863 shares of the financial services provider’s stock valued at $2,348,000 after purchasing an additional 12,847 shares during the last quarter.
In other news, Director James W. Fulmer sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $82.08, for a total value of $328,320.00. Following the sale, the director now owns 45,393 shares in the company, valued at $3,725,857.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TMP opened at $76.30 on Thursday. Tompkins Financial Co. has a 52 week low of $71.27 and a 52 week high of $90.50.
Tompkins Financial (NYSEAMERICAN:TMP) last issued its earnings results on Friday, January 26th. The financial services provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.02). Tompkins Financial had a return on equity of 11.95% and a net margin of 25.10%. The company had revenue of $69.28 million during the quarter.
Separately, Sandler O’Neill set a $84.00 price target on Tompkins Financial and gave the company a “hold” rating in a research note on Monday, March 26th.
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About Tompkins Financial
Tompkins Financial Corporation operates as a community-based financial services company that 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.
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