TriNet Group, Inc. (NYSE:TNET) Shares Acquired by US Bancorp DE

US Bancorp DE boosted its position in TriNet Group, Inc. (NYSE:TNET) by 9,893.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,195 shares of the business services provider’s stock after purchasing an additional 7,123 shares during the period. US Bancorp DE’s holdings in TriNet Group were worth $698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TNET. Rothschild Investment LLC purchased a new position in shares of TriNet Group in the second quarter valued at $45,000. Blue Trust Inc. grew its stake in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 104 shares during the last quarter. Avion Wealth grew its stake in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 129 shares during the last quarter. LRI Investments LLC purchased a new position in TriNet Group during the 1st quarter valued at about $81,000. Finally, Headlands Technologies LLC acquired a new position in TriNet Group during the second quarter worth about $93,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TNET has been the topic of several research reports. TD Cowen lowered their price target on shares of TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Needham & Company LLC cut TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, TriNet Group presently has an average rating of “Hold” and an average target price of $114.00.

TriNet Group Stock Performance

NYSE:TNET opened at $92.74 on Friday. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $4.60 billion, a PE ratio of 17.87 and a beta of 1.20. The firm has a 50 day simple moving average of $94.13 and a 200-day simple moving average of $99.78. TriNet Group, Inc. has a 1-year low of $74.32 and a 1-year high of $134.67.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.08%. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Insiders Place Their Bets

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

TriNet Group Company 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.