Citizens Financial Group Inc. RI Takes Position in T-Mobile US, Inc. $TMUS

Citizens Financial Group Inc. RI bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 62,499 shares of the Wireless communications provider’s stock, valued at approximately $10,483,000.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. JDM Financial Group LLC boosted its stake in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Main Street Group LTD purchased a new stake in T-Mobile US in the 1st quarter valued at about $25,000. Paladin Partners LLC acquired a new position in shares of T-Mobile US during the 2nd quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Finally, Swiss RE Ltd. purchased a new position in shares of T-Mobile US during the 4th quarter worth about $29,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $180.12 on Tuesday. The firm has a market capitalization of $193.21 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The business’s 50-day simple moving average is $181.63 and its 200-day simple moving average is $194.24.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.84 EPS. Equities analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target for the company in a research report on Wednesday, April 29th. Wells Fargo & Company cut their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

Insider Transactions at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by corporate insiders.

T-Mobile US 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.