Assenagon Asset Management S.A. Grows Stake in T-Mobile US, Inc. $TMUS

Key Points

• Assenagon Asset Management S.A. significantly increased its position in T-Mobile US, Inc. by 518.8% during the second quarter, owning approximately $329.73 million worth of shares.
• T-Mobile US recently announced a quarterly dividend of $1.02, an increase from its previous quarterly dividend of $0.88, resulting in an annualized dividend yield of 1.7%.
• In its latest earnings report, T-Mobile US reported earnings per share of $2.84, exceeding the consensus estimate of $2.69, along with a year-over-year revenue increase of 6.9%.

Assenagon Asset Management S.A. increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 518.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,383,922 shares of the Wireless communications provider's stock after buying an additional 1,160,275 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of T-Mobile US worth $329,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group purchased a new stake in T-Mobile US in the second quarter valued at $49,000. Legacy Financial Strategies LLC raised its position in T-Mobile US by 12.7% in the second quarter. Legacy Financial Strategies LLC now owns 5,783 shares of the Wireless communications provider's stock valued at $1,378,000 after purchasing an additional 652 shares during the period. Trust Point Inc. raised its position in T-Mobile US by 31.3% in the second quarter. Trust Point Inc. now owns 3,621 shares of the Wireless communications provider's stock valued at $863,000 after purchasing an additional 864 shares during the period. YHB Investment Advisors Inc. raised its position in T-Mobile US by 5.7% in the second quarter. YHB Investment Advisors Inc. now owns 27,328 shares of the Wireless communications provider's stock valued at $6,511,000 after purchasing an additional 1,469 shares during the period. Finally, Contravisory Investment Management Inc. raised its position in T-Mobile US by 3.7% in the second quarter. Contravisory Investment Management Inc. now owns 2,039 shares of the Wireless communications provider's stock valued at $486,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 2,606,300 shares of company stock worth $627,710,011. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price on the stock. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

T-Mobile US Stock Performance

TMUS traded down $0.62 on Monday, hitting $237.55. 3,044,933 shares of the company traded hands, compared to its average volume of 4,291,901. The company has a 50 day moving average of $243.89 and a 200-day moving average of $245.54. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $267.35 billion, a PE ratio of 22.41, a PEG ratio of 1.31 and a beta of 0.61. T-Mobile US, Inc. has a 12-month low of $198.69 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.49 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

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.