SevenBridge Financial Group LLC Has $2.08 Million Stake in T-Mobile US, Inc. $TMUS

SevenBridge Financial Group LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 72.3% in the 2nd quarter, Holdings Channel reports. The firm owned 8,233 shares of the Wireless communications provider’s stock after acquiring an additional 3,454 shares during the quarter. SevenBridge Financial Group LLC’s holdings in T-Mobile US were worth $2,077,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its stake in shares of T-Mobile US by 34.9% in the second quarter. Osaic Holdings Inc. now owns 139,109 shares of the Wireless communications provider’s stock worth $33,891,000 after purchasing an additional 35,975 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in T-Mobile US in the 2nd quarter valued at about $74,000. Centaurus Financial Inc. grew its holdings in shares of T-Mobile US by 246.1% in the second quarter. Centaurus Financial Inc. now owns 4,330 shares of the Wireless communications provider’s stock valued at $1,032,000 after acquiring an additional 3,079 shares in the last quarter. Lavaca Capital LLC increased its position in shares of T-Mobile US by 71.9% during the second quarter. Lavaca Capital LLC now owns 239 shares of the Wireless communications provider’s stock valued at $57,000 after acquiring an additional 100 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of T-Mobile US by 35.0% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 38,080 shares of the Wireless communications provider’s stock valued at $9,073,000 after purchasing an additional 9,880 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Rothschild Redb raised T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Morgan Stanley decreased their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Wolfe Research reduced their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Finally, Cowen restated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $263.71.

T-Mobile US Trading Down 0.1%

Shares of NASDAQ:TMUS opened at $195.16 on Monday. The stock’s 50-day simple moving average is $213.74 and its two-hundred day simple moving average is $230.54. The stock has a market capitalization of $218.29 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.25 and a beta of 0.44. T-Mobile US, Inc. has a 52-week low of $194.01 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $238.98, for a total value of $15,396,525.48. Following the completion of the transaction, the director directly owned 634,241,492 shares of the company’s stock, valued at $151,571,031,758.16. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 1,172,720 shares of company stock worth $269,482,868 in the last three months. 0.37% of the stock is owned by company insiders.

T-Mobile US 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.