T-Mobile US, Inc. $TMUS Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,675 shares of the Wireless communications provider’s stock after acquiring an additional 3,897 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in T-Mobile US were worth $14,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TMUS. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US during the second quarter worth $25,000. Elevation Wealth Partners LLC raised its stake in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the period. Missouri Trust & Investment Co raised its stake in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares during the period. Aspect Partners LLC lifted its holdings in T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in T-Mobile US in the second quarter valued at approximately $31,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the sale, the director directly owned 5,438 shares in the company, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Srini Gopalan purchased 9,800 shares of the stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares in the company, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 464,045 shares of company stock valued at $104,064,001 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $200.56 on Monday. The firm has a market capitalization of $224.33 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a one year low of $194.01 and a one year high of $276.49. The stock’s fifty day moving average is $204.11 and its 200-day moving average is $225.77.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.61 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their price target on T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, December 12th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a report on Friday, October 24th. Finally, Cowen reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.17.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.