State Street Corp Amends Passive Stake in Tompkins Financial
Ticker: TMP · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1005817
| Field | Detail |
|---|---|
| Company | Tompkins Financial Corp (TMP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street still holds Tompkins Financial shares, no big changes here.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Tompkins Financial Corp's common stock as of December 31, 2023. This filing is an amendment, meaning State Street previously reported its stake. For investors, this confirms State Street's continued, significant passive interest in Tompkins Financial, suggesting a stable institutional holding rather than an active change in investment strategy.
Why It Matters
This filing confirms State Street Corp's ongoing passive investment in Tompkins Financial Corp, signaling institutional confidence without indicating any intent to influence management.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive stake, indicating no new significant risks or changes in investment strategy.
Analyst Insight
An investor should note that this is a routine update from a large institutional investor, State Street Corp, confirming its passive stake in Tompkins Financial Corp. It doesn't signal any immediate buy or sell action, but rather a stable, long-term institutional holding.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A, reporting its ownership of Tompkins Financial Corp shares
- Tompkins Financial Corp (company) — the issuer whose common stock is being reported on in the SC 13G/A filing
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 25, 2024 (date) — the date the SC 13G/A filing was made
FAQ
What type of filing is this document and what does it signify?
This document is an SC 13G/A, which is an amendment to a Schedule 13G. It signifies that State Street Corp is reporting its beneficial ownership of common stock in Tompkins Financial Corp, and the 'A' indicates it's an amendment to a previously filed statement, meaning there's an update to their reported holdings or status.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' in this filing is State Street Corp, identified by its Central Index Key (CIK) 0000093751 and business address at 1 Congress Street, Boston, MA.
Who is the 'Subject Company' or 'Issuer' in this filing?
The 'Subject Company' or 'Issuer' is Tompkins Financial Corp, identified by its Central Index Key (CIK) 0001005817 and business address at 118 E Seneca Street, Ithaca, NY.
What is the 'Date of Event Which Requires Filing' for this SC 13G/A?
The 'Date of Event Which Requires Filing of This Statement' is December 31, 2023, as stated on the cover page of the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' next to 'RULE 13D-1 (B)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding TOMPKINS FINANCIAL CORP (TMP).