Associated Banc Corp Has $7.83 Million Holdings in T-Mobile US, Inc. $TMUS

Associated Banc Corp grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 37,290 shares of the Wireless communications provider’s stock after acquiring an additional 3,425 shares during the period. Associated Banc Corp’s holdings in T-Mobile US were worth $7,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JDM Financial Group LLC raised its stake in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Swiss RE Ltd. bought a new position in T-Mobile US during the fourth quarter worth $29,000. Turning Point Benefit Group Inc. boosted its position in T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares during the period. Sachetta LLC increased its holdings in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Finally, Acumen Wealth Advisors LLC bought a new position in shares of T-Mobile US in the fourth quarter valued at about $36,000. 42.49% of the stock is currently owned by institutional investors.

Key T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: Morgan Stanley kept an Overweight rating on T-Mobile, even after trimming its price target, reinforcing the view that the stock remains a Wall Street favorite. Morgan Stanley Keeps Overweight Rating on T-Mobile (TMUS)
• Positive Sentiment: T-Mobile announced a leadership expansion, naming wireless veteran Chris Sambar as Chief Enterprise Officer to help accelerate growth in new areas such as AI and 6G, which could support longer-term expansion. T-Mobile (TMUS) Appoints Chris Sambar as Chief Enterprise Officer
• Positive Sentiment: Several recent pieces argue T-Mobile remains attractive relative to its growth, citing strong revenue growth, margins, and a low forward PEG ratio, while share buybacks and debt reduction could continue to support the stock. T-Mobile US: Cheap Relative To Growth
• Neutral Sentiment: Wells Fargo initiated analyst coverage on T-Mobile, adding to the stock’s visibility, though the article excerpt did not provide a clear rating or price target change. T-Mobile US (NASDAQ:TMUS) Now Covered by Analysts at Wells Fargo & Company
• Neutral Sentiment: Short-interest data showed no meaningful shares outstanding in the latest report, so the update does not appear to signal a material change in trading pressure.
• Negative Sentiment: Some investor attention remains focused on competitive risks, especially concerns that SpaceX’s Starlink could pressure wireless carriers over time. Top wireless stock remains Wall Street favorite amid space risk
• Negative Sentiment: T-Mobile also faced criticism over a new customer-support restriction in its T-Life app, which could frustrate users and add to near-term sentiment pressure. T-Mobile faces backlash over new customer support restriction

Analyst Ratings Changes

A number of analysts have recently issued reports on TMUS shares. Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research note on Wednesday, April 29th. TD Cowen increased their price target on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company initiated coverage on shares of T-Mobile US in a research report on Wednesday. They set an “equal weight” rating and a $170.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, UBS Group lowered their target price on T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $255.76.

Insiders Place Their Bets

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $6.13 during mid-day trading on Friday, reaching $187.61. 4,551,856 shares of the company’s stock were exchanged, compared to its average volume of 5,788,380. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The business’s fifty day simple moving average is $185.37 and its two-hundred day simple moving average is $196.56. The firm has a market capitalization of $203.03 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 43.40%.

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.