Sat Sep 07 11:52:48 UTC 2024: ## Institutional Investors Show Interest in T-Mobile US
**New York, NY** – Several institutional investors have recently made moves in the stock of T-Mobile US, Inc. (NASDAQ: TMUS), indicating a growing interest in the wireless communications provider.
SouthState Corp entered a new position in T-Mobile US during the second quarter, purchasing 290 shares valued at approximately $51,000. Other notable investors include Sei Investments Co., which increased its holdings by 3.1% in the fourth quarter, and Envestnet Portfolio Solutions Inc., which boosted its stake by 41.9% in the same period.
New positions were also taken by GSA Capital Partners LLP in the first quarter and Cardinal Capital Management Inc. in the fourth quarter, with a combined value of over $30 million.
This institutional interest comes amidst a backdrop of positive news for T-Mobile US. The company recently declared a quarterly dividend of $0.65, representing an annualized yield of 1.35%. Analysts have also expressed optimism about the company’s prospects, with several research firms raising their price targets and issuing positive ratings.
T-Mobile US has a market capitalization of $226.17 billion and is currently trading at a price-to-earnings ratio of 26.26. The stock has a twelve-month low of $134.50 and a twelve-month high of $205.28.
**Insider Activity**
While institutional investors are showing interest, insider activity suggests some caution. Deeanne King, EVP of T-Mobile US, sold 15,437 shares in August, and Director Telekom Ag Deutsche sold 227,604 shares in June.
**Overall**
The recent activity of institutional investors, coupled with positive analyst sentiment and a robust dividend payout, suggests that T-Mobile US remains an attractive investment opportunity. However, insider selling activity warrants further scrutiny.
First Piper 