ING Groep NV Has $51.82 Million Position in T-Mobile US, Inc. $TMUS

ING Groep NV lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 49.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,471 shares of the Wireless communications provider’s stock after purchasing an additional 71,689 shares during the quarter. ING Groep NV’s holdings in T-Mobile US were worth $51,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the second quarter worth $25,000. United Community Bank boosted its holdings in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC grew its position in T-Mobile US by 190.0% during the 3rd 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 last quarter. Aspect Partners LLC increased its holdings in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 2nd quarter worth about $31,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $199.43 on Wednesday. The firm has a market cap of $223.06 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.09 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $276.49. The company’s fifty day simple moving average is $196.50 and its 200 day simple moving average is $219.17.

T-Mobile US Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TMUS. Weiss Ratings lowered T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wells Fargo & Company cut their target price on shares of T-Mobile US from $260.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Friday, October 24th. Finally, BNP Paribas Exane reduced their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $256.78.

Insiders Place Their Bets

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 2,500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider owned 156,203 shares in the company, valued at $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 51,457 shares of company stock worth $11,149,636. 0.37% of the stock is owned by corporate insiders.

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.