SG Americas Securities LLC Purchases 395,148 Shares of T-Mobile US, Inc. $TMUS

SG Americas Securities LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4,653.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 403,640 shares of the Wireless communications provider’s stock after buying an additional 395,148 shares during the quarter. SG Americas Securities LLC’s holdings in T-Mobile US were worth $81,955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. Magnetar Financial LLC increased its holdings in shares of T-Mobile US by 25.8% during the second quarter. Magnetar Financial LLC now owns 1,798 shares of the Wireless communications provider’s stock valued at $428,000 after acquiring an additional 369 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of T-Mobile US by 29.4% in the 2nd quarter. American Century Companies Inc. now owns 548,781 shares of the Wireless communications provider’s stock worth $130,753,000 after purchasing an additional 124,541 shares in the last quarter. Cynosure Group LLC grew its position in T-Mobile US by 27.2% in the 2nd quarter. Cynosure Group LLC now owns 1,640 shares of the Wireless communications provider’s stock valued at $391,000 after purchasing an additional 351 shares during the period. Global Retirement Partners LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at $2,353,000. Finally, CreativeOne Wealth LLC increased its stake in T-Mobile US by 17.1% during the 2nd quarter. CreativeOne Wealth LLC now owns 4,700 shares of the Wireless communications provider’s stock valued at $1,120,000 after purchasing an additional 686 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director G Michael Sievert sold 1,089 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65. Following the completion of the transaction, the director directly owned 125,696 shares of the company’s stock, valued at $27,885,657.60. This represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. The trade was a 76.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 in the last three months. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research reports. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Wolfe Research reissued an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. Morgan Stanley dropped their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Royal Bank Of Canada cut their price target on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Finally, Wells Fargo & Company boosted their price objective on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $257.30.

T-Mobile US Stock Up 1.2%

Shares of NASDAQ:TMUS opened at $211.26 on Wednesday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The company has a market capitalization of $232.78 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.36 and a beta of 0.43. The business has a fifty day moving average price of $205.91 and a two-hundred day moving average price of $212.15. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s dividend payout ratio is presently 42.02%.

About T-Mobile US

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.