ING Groep NV Has $61.72 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

ING Groep NV raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 90.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 279,603 shares of the Wireless communications provider's stock after acquiring an additional 132,607 shares during the period. ING Groep NV's holdings in T-Mobile US were worth $61,717,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Bank & Trust boosted its position in T-Mobile US by 9.2% in the fourth quarter. First Bank & Trust now owns 2,586 shares of the Wireless communications provider's stock valued at $571,000 after buying an additional 217 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of T-Mobile US by 248.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,658 shares of the Wireless communications provider's stock valued at $3,456,000 after acquiring an additional 11,169 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of T-Mobile US by 1.8% in the 4th quarter. Handelsbanken Fonder AB now owns 192,658 shares of the Wireless communications provider's stock worth $42,525,000 after acquiring an additional 3,363 shares in the last quarter. Wealth Alliance grew its position in T-Mobile US by 3.2% during the 4th quarter. Wealth Alliance now owns 1,665 shares of the Wireless communications provider's stock worth $367,000 after acquiring an additional 52 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in T-Mobile US by 11.0% during the 4th quarter. Ieq Capital LLC now owns 41,459 shares of the Wireless communications provider's stock valued at $9,151,000 after purchasing an additional 4,121 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on T-Mobile US in a report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 target price on the stock. The Goldman Sachs Group increased their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Tigress Financial boosted their target price on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Bank of America upped their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Daiwa America raised shares of T-Mobile US to a "hold" rating in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $251.79.

Insider Buying and Selling

In other news, Director Andre Almeida bought 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Letitia A. Long sold 1,100 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ TMUS traded down $0.23 during midday trading on Friday, reaching $265.17. 3,554,246 shares of the stock were exchanged, compared to its average volume of 3,824,914. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $271.41. The company has a market capitalization of $302.76 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.53 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The business has a 50-day simple moving average of $230.32 and a two-hundred day simple moving average of $220.66.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research 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 announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US's payout ratio is 36.40%.

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.