Citizens Financial Group Inc. RI Buys Shares of 62,499 T-Mobile US, Inc. $TMUS

Citizens Financial Group Inc. RI purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to its most recent filing with the SEC. The firm purchased 62,499 shares of the Wireless communications provider’s stock, valued at approximately $10,483,000.

Other institutional investors have also modified their holdings of the company. JDM Financial Group LLC grew its holdings in shares of 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 acquiring an additional 65 shares during the period. Main Street Group LTD acquired a new position in T-Mobile US during the first quarter worth $25,000. Paladin Partners LLC acquired a new position in T-Mobile US during the second quarter worth $25,000. Dunhill Financial LLC purchased a new stake in T-Mobile US during the second quarter worth $27,000. Finally, Swiss RE Ltd. purchased a new stake in T-Mobile US during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.4%

T-Mobile US stock opened at $180.12 on Tuesday. The stock has a market cap of $193.21 billion, a PE ratio of 18.86, a P/E/G ratio of 1.03 and a beta of 0.33. The stock has a 50-day moving average price of $181.63 and a 200 day moving average price of $194.24. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

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

T-Mobile US Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TMUS shares. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Wells Fargo & Company lowered their price objective 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. TD Cowen dropped their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Barclays reduced their price target on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

Insider Buying and Selling at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the company’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 transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 Company 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.