Ameriprise Financial Inc. Buys 877,384 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Ameriprise Financial raised its stake in T-Mobile by 33.7% in Q3, buying 877,384 shares to hold 3,477,553 shares (about 0.31% of the company) valued at roughly $832.4 million.
• Analysts give TMUS a consensus rating of Moderate Buy with an average target price of $257.09, reflecting a mix of recent price-target revisions from $245 to $275 and mostly Buy/Hold recommendations.
• Insiders have sold 694,134 shares worth $150.8 million in the past 90 days, including CFO Peter Osvaldik’s sale of 27,000 shares (a 34.36% reduction in his holdings).

Ameriprise Financial Inc. grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 33.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,477,553 shares of the Wireless communications provider's stock after purchasing an additional 877,384 shares during the quarter. Ameriprise Financial Inc. owned about 0.31% of T-Mobile US worth $832,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US in the second quarter valued at $25,000. United Community Bank increased its holdings in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC raised its position in T-Mobile US by 190.0% during the third 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 in the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the second quarter worth $31,000. Finally, City Holding Co. lifted its stake in T-Mobile US by 48.4% in the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider's stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. Sanford C. Bernstein reissued a "neutral" rating on shares of T-Mobile US in a research report on Thursday, February 19th. Barclays upped their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. The Goldman Sachs Group lifted their price target on T-Mobile US from $233.00 to $254.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. TD Cowen lowered their price target on T-Mobile US from $263.00 to $252.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Finally, BNP Paribas Exane dropped their price objective on 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 equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $257.09.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $217.39 on Friday. The company has a market cap of $239.53 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.41 and a beta of 0.43. The firm's fifty day moving average price is $204.16 and its two-hundred day moving average price is $214.50. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the transaction, the chief financial officer directly owned 51,573 shares of the company's stock, valued at $11,080,974.78. This represents a 34.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Wolfe Nelson sold 2,329 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the sale, the insider owned 65,677 shares of the company's stock, valued at $14,605,251.26. This trade represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 in the last ninety days. Insiders own 0.37% of the company's stock.

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.

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