TriNet Group, Inc. (NYSE:TNET) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of TriNet Group, Inc. (NYSE:TNET) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,855 shares of the business services provider’s stock after purchasing an additional 2,349 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of TriNet Group worth $7,158,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its position in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after purchasing an additional 121 shares in the last quarter. IFP Advisors Inc boosted its holdings in TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 240 shares during the last quarter. Avion Wealth lifted its stake in shares of TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 140 shares in the last quarter. KBC Group NV grew its stake in TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock worth $124,000 after buying an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in TriNet Group by 118.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 785 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TNET has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $78.61 on Friday. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $131.26. The company has a market capitalization of $3.89 billion, a PE ratio of 22.99 and a beta of 1.06. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $77.39 and a 200-day moving average of $87.22.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. As a group, equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.40%. TriNet Group’s dividend payout ratio is currently 32.16%.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,748 shares of company stock valued at $833,436. Corporate insiders own 37.10% of the company’s stock.

TriNet Group Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.