ING Groep NV Buys 36,345 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

ING Groep NV grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 32.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 146,996 shares of the Wireless communications provider’s stock after acquiring an additional 36,345 shares during the quarter. ING Groep NV’s holdings in T-Mobile US were worth $30,334,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Legal & General Group Plc grew its holdings in shares of T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after buying an additional 303,582 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of T-Mobile US by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after buying an additional 184,059 shares during the period. Clearbridge Investments LLC increased its position in shares of T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after buying an additional 578,348 shares in the last quarter. Finally, Boston Partners raised its stake in T-Mobile US by 1.1% during the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after buying an additional 28,045 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TMUS shares. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Barclays upped their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Stock Down 0.2 %

Shares of T-Mobile US stock traded down $0.45 on Thursday, reaching $240.43. 961,414 shares of the company were exchanged, compared to its average volume of 4,429,666. The company has a market capitalization of $279.02 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.22 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a one year low of $145.77 and a one year high of $242.43. The company has a 50-day moving average of $214.22 and a 200 day moving average of $191.62.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.46%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Activity

In related news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 464,924 shares of company stock valued at $97,427,925 over the last three months. Insiders own 0.67% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.