State Street Corp Sells 23,340 Shares of Tompkins Financial Corp
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TL;DR
State Street Corp sold 23,340 shares of Tompkins Financial Corp, reducing its stake by 1.9% but keeping a significant 8.4% holding. The stock is priced at $67.21 with a PE ratio of 11.41, indicating fair valuation.
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State StreetTompkins Financial
State Street Corp has reduced its stake in Tompkins Financial Corp by 23,340 shares, or 1.9%, to 1,214,293 shares. The transaction reflects a strategic adjustment in the firm's investment strategy, but maintains a significant position in Tompkins Financial Corp, representing 8.4% of its holdings. The stock is currently priced at $67.21 with a PE ratio of 11.41, suggesting it is fairly valued according to GuruFocus metrics.
