ING Groep NV Has $30.33 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

ING Groep NV lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 32.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after buying an additional 248,828 shares during the last quarter. Victory Capital Management Inc. raised its holdings in T-Mobile US by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock worth $193,377,000 after acquiring an additional 8,101 shares during the period. NewEdge Advisors LLC lifted its position in T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in T-Mobile US by 84.6% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock valued at $46,224,000 after acquiring an additional 102,663 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in T-Mobile US by 15.2% during the third quarter. Vontobel Holding Ltd. now owns 96,297 shares of the Wireless communications provider’s stock valued at $19,872,000 after acquiring an additional 12,724 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $0.45 during midday trading on Thursday, reaching $240.43. 961,414 shares of the company traded hands, compared to its average volume of 4,429,666. The stock’s 50-day simple moving average is $214.22 and its 200-day simple moving average is $191.62. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 12 month low of $145.77 and a 12 month high of $242.43. The firm has a market cap of $279.02 billion, a PE ratio of 27.47, a PEG ratio of 1.22 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.82 EPS. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 40.14%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Raul Marcelo Claure sold 9,586 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the sale, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 464,924 shares of company stock worth $97,427,925. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMUS. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Oppenheimer increased their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Company Profile

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.