Citizens Financial Group Inc. RI Increases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Citizens Financial Group Inc. RI lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,611 shares of the Wireless communications provider’s stock after purchasing an additional 5,527 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in T-Mobile US were worth $8,388,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Compton Wealth Advisory Group LLC lifted its stake in shares of T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after acquiring an additional 56 shares in the last quarter. Anfield Capital Management LLC increased its stake in shares of T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of T-Mobile US by 22.6% in the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 58 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in T-Mobile US by 2.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after acquiring an additional 64 shares during the last quarter. Finally, Westside Investment Management Inc. grew its holdings in T-Mobile US by 39.7% during the 2nd quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 69 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS stock opened at $202.83 on Monday. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $205.28. The firm has a 50-day moving average of $190.15 and a two-hundred day moving average of $175.32. The firm has a market capitalization of $236.66 billion, a PE ratio of 27.60, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $176.47, for a total value of $23,551,862.67. Following the sale, the director now owns 670,945,589 shares of the company’s stock, valued at $118,401,768,090.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 840,336 shares of company stock valued at $154,461,060. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TMUS shares. Benchmark lifted their price target on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Scotiabank raised their price objective on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. Bank of America raised their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Citigroup raised their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus target price of $201.44.

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.