BNP Paribas Financial Markets Has $5.45 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

BNP Paribas Financial Markets grew its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 42.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,091 shares of the business services provider's stock after acquiring an additional 17,945 shares during the period. BNP Paribas Financial Markets owned 0.12% of TriNet Group worth $5,454,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TNET. Barclays PLC raised its position in TriNet Group by 201.0% in the 3rd quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after purchasing an additional 63,201 shares during the last quarter. Franklin Resources Inc. grew its holdings in TriNet Group by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock worth $499,000 after acquiring an additional 169 shares during the period. Wedge Capital Management L L P NC grew its holdings in TriNet Group by 4.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 162,369 shares of the business services provider's stock worth $14,738,000 after acquiring an additional 6,936 shares during the period. Merit Financial Group LLC grew its holdings in TriNet Group by 4.8% during the 4th quarter. Merit Financial Group LLC now owns 13,424 shares of the business services provider's stock worth $1,218,000 after acquiring an additional 609 shares during the period. Finally, Integrated Investment Consultants LLC grew its holdings in TriNet Group by 142.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 7,237 shares of the business services provider's stock worth $657,000 after acquiring an additional 4,256 shares during the period. Institutional investors own 96.81% of the company's stock.

Analyst Upgrades and Downgrades

TNET has been the subject of a number of analyst reports. TD Cowen lowered shares of TriNet Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a report on Monday, April 28th.

TriNet Group Trading Up 0.4%

Shares of TNET stock traded up $0.33 on Monday, hitting $86.32. The stock had a trading volume of 288,764 shares, compared to its average volume of 385,909. The firm has a market cap of $4.18 billion, a P/E ratio of 25.24 and a beta of 0.91. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The company has a fifty day moving average price of $78.78 and a two-hundred day moving average price of $84.79.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.32. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same period in the prior year, the company earned $2.18 earnings per share. As a group, analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.27%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. This represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.10% of the stock is currently owned by insiders.

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.