US Bancorp DE Grows Holdings in TriNet Group, Inc. (NYSE:TNET)

US Bancorp DE grew its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,534 shares of the business services provider’s stock after purchasing an additional 332 shares during the quarter. US Bancorp DE’s holdings in TriNet Group were worth $597,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in TriNet Group by 4,677.9% in the 1st quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider’s stock valued at $257,000 after buying an additional 3,181 shares during the period. Farther Finance Advisors LLC raised its stake in shares of TriNet Group by 11.4% during the first quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 427 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of TriNet Group in the first quarter valued at approximately $987,000. Bank of New York Mellon Corp boosted its holdings in shares of TriNet Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider’s stock valued at $18,406,000 after purchasing an additional 9,821 shares during the period. Finally, Raymond James Financial Inc. bought a new position in TriNet Group in the fourth quarter worth approximately $1,395,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $64.18, for a total transaction of $38,508.00. Following the completion of the sale, the director directly owned 38,440 shares of the company’s stock, valued at approximately $2,467,079.20. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sidney A. Majalya sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the sale, the senior vice president owned 23,033 shares of the company’s stock, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,720 shares of company stock valued at $213,799 over the last quarter. 37.10% of the stock is owned by corporate insiders.

TriNet Group Trading Down 1.2%

NYSE TNET opened at $62.84 on Tuesday. The company’s 50-day simple moving average is $71.64 and its two-hundred day simple moving average is $77.02. TriNet Group, Inc. has a one year low of $62.55 and a one year high of $104.06. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 21.59 and a beta of 0.83. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10.

TriNet Group (NYSE:TNET) last posted its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.12. The company had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%. During the same quarter in the prior year, the business earned $1.53 earnings per share. Equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. TriNet Group’s dividend payout ratio (DPR) is presently 37.80%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their target price on TriNet Group from $76.00 to $75.00 and set an “underweight” rating for the company in a research report on Monday, July 28th.

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.