Chicago Partners Investment Group LLC Lowers Its Stake with the Sale of 4,032 Shares in T-Mobile US, Inc

2 min read | November 04, 2024 02:43 AM PST | By Team Kalkine Media

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Chicago Partners Investment Group LLC Lowers Its Stake with the Sale of 4,032 Shares in T-Mobile US, Inc — Image source: Shutterstock

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Highlights

Chicago Partners Investment Group LLC reduced its stake in T-Mobile US by 53.7% in the third quarter.

T-Mobile US reported a strong earnings performance, surpassing analysts' estimates with significant year-over-year revenue growth.

The company announced an increase in its quarterly dividend, reflecting confidence in its financial stability.

Chicago Partners Investment Group LLC (NASDAQ:TMUS) has significantly reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS), decreasing its holdings by 53.7% during the third quarter. According to the latest disclosure with the Securities and Exchange Commission, the firm now owns 3,483 shares after selling 4,032 shares during the period, which were valued at approximately $770,000 at the end of the reporting period.

Other institutional investors have shown varied movements regarding their stakes in T-Mobile. DT Investment Partners LLC increased its holdings by 65.3%, while MFA Wealth Advisors LLC expanded its position by 128.3% during the same quarter. WASHINGTON TRUST Co raised its stake by 143.1% earlier in the year, alongside new positions established by Y.D. More Investments Ltd and Summit Securities Group LLC. Collectively, institutional and hedge fund investors hold about 42.49% of T-Mobile's stock.

T-Mobile US's stock opened at $223.28, reflecting robust performance metrics. The company has a quick ratio of 0.99 and a current ratio of 1.08, with a debt-to-equity ratio of 1.23. The stock's 50-day moving average price is $208.90, and the 200-day moving average price stands at $187.85. T-Mobile has a 52-week low of $143.90 and a high of $234.56, alongside a market capitalization of $259.11 billion.

On October 23rd, T-Mobile US reported earnings that exceeded analyst expectations, with earnings per share (EPS) of $2.61, up from $1.82 in the previous year. The company generated revenue of $20.16 billion, marking a 4.7% year-over-year increase. T-Mobile also announced an increase in its quarterly dividend to $0.88, payable on December 12th to shareholders of record as of November 27th. This represents a dividend yield of 1.58% and indicates a solid payout ratio of 29.65%, underscoring the company's commitment to returning value to shareholders while maintaining financial health.

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