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

AQR Capital Management LLC bought a new position in shares of Tompkins Financial Co. (NYSEAMERICAN:TMP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,566 shares of the financial services provider’s stock, valued at approximately $468,000. AQR Capital Management LLC owned approximately 0.07% of Tompkins Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TMP. Bank of Montreal Can purchased a new stake in shares of Tompkins Financial in the second quarter valued at $1,112,000. Public Sector Pension Investment Board lifted its position in shares of Tompkins Financial by 6.4% in the second quarter. Public Sector Pension Investment Board now owns 27,569 shares of the financial services provider’s stock valued at $1,348,000 after acquiring an additional 1,662 shares in the last quarter. Sei Investments Co. lifted its position in shares of Tompkins Financial by 23.8% in the second quarter. Sei Investments Co. now owns 5,194 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tompkins Financial by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 571,421 shares of the financial services provider’s stock valued at $27,941,000 after acquiring an additional 34,752 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of Tompkins Financial by 32.9% in the second quarter. WINTON GROUP Ltd now owns 20,168 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 4,996 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Tompkins Financial Trading Up 0.6 %

Shares of TMP opened at $62.35 on Tuesday. The company has a market capitalization of $897.84 million, a PE ratio of 63.62 and a beta of 0.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.14. Tompkins Financial Co. has a 52 week low of $43.09 and a 52 week high of $65.54.

Tompkins Financial (NYSEAMERICAN:TMP) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20. Tompkins Financial had a return on equity of 2.16% and a net margin of 4.11%. The business had revenue of $107.02 million during the quarter.

Tompkins Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Friday, August 9th. Tompkins Financial’s payout ratio is currently 248.98%.

Analyst Upgrades and Downgrades

TMP has been the subject of several analyst reports. StockNews.com upgraded Tompkins Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Keefe, Bruyette & Woods upgraded Tompkins Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock 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.