Mirae Asset Global Investments Co. Ltd. Purchases 705 Shares of TriNet Group, Inc. (NYSE:TNET)

Mirae Asset Global Investments Co. Ltd. grew its position in TriNet Group, Inc. (NYSE:TNET) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,439 shares of the business services provider’s stock after acquiring an additional 705 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in TriNet Group were worth $2,074,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TNET. Raymond James & Associates raised its stake in shares of TriNet Group by 13.5% in the first quarter. Raymond James & Associates now owns 5,307 shares of the business services provider’s stock valued at $522,000 after acquiring an additional 631 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of TriNet Group by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 192,517 shares of the business services provider’s stock valued at $18,937,000 after acquiring an additional 6,480 shares during the last quarter. Citigroup Inc. raised its stake in shares of TriNet Group by 46.5% in the first quarter. Citigroup Inc. now owns 39,685 shares of the business services provider’s stock valued at $3,904,000 after acquiring an additional 12,604 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of TriNet Group by 53.6% in the first quarter. MetLife Investment Management LLC now owns 21,581 shares of the business services provider’s stock valued at $2,123,000 after acquiring an additional 7,535 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of TriNet Group by 8.0% in the first quarter. Rhumbline Advisers now owns 44,248 shares of the business services provider’s stock valued at $4,352,000 after acquiring an additional 3,280 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TNET. Stifel Nicolaus lifted their target price on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, February 16th. TD Cowen raised their price target on shares of TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, March 4th. StockNews.com raised shares of TriNet Group from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of TriNet Group in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.17.

Insider Activity

In other news, CEO Burton M. Goldfield sold 2,783 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $116.67, for a total value of $324,692.61. Following the completion of the transaction, the chief executive officer now owns 125,046 shares of the company’s stock, valued at approximately $14,589,116.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Burton M. Goldfield sold 2,783 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $116.67, for a total value of $324,692.61. Following the completion of the transaction, the chief executive officer now owns 125,046 shares of the company’s stock, valued at approximately $14,589,116.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Alexander G. Warren sold 2,385 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total transaction of $293,521.95. Following the completion of the transaction, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at approximately $2,260,180.55. The disclosure for this sale can be found here. Insiders sold 33,835 shares of company stock valued at $4,161,834 in the last quarter. Company insiders own 37.40% of the company’s stock.

TriNet Group Price Performance

TNET opened at $128.26 on Friday. The company has a fifty day moving average price of $127.27 and a two-hundred day moving average price of $119.15. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05. TriNet Group, Inc. has a 52 week low of $79.00 and a 52 week high of $134.67. The firm has a market capitalization of $6.49 billion, a PE ratio of 19.76 and a beta of 1.09.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. The firm had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. As a group, analysts anticipate that TriNet Group, Inc. will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, March 28th. TriNet Group’s dividend payout ratio is presently 15.41%.

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.