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

BNP Paribas Financial Markets increased its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,091 shares of the business services provider's stock after purchasing an additional 17,945 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of TriNet Group worth $5,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in TriNet Group by 239.3% during the 4th quarter. Ameriprise Financial Inc. now owns 22,914 shares of the business services provider's stock worth $2,080,000 after buying an additional 16,160 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in shares of TriNet Group in the fourth quarter valued at about $35,567,000. Comerica Bank increased its position in TriNet Group by 14.5% during the fourth quarter. Comerica Bank now owns 22,477 shares of the business services provider's stock worth $2,040,000 after acquiring an additional 2,843 shares during the period. Park West Asset Management LLC acquired a new stake in TriNet Group in the 4th quarter worth about $19,879,000. Finally, Northern Trust Corp raised its stake in TriNet Group by 8.6% in the 4th quarter. Northern Trust Corp now owns 325,259 shares of the business services provider's stock worth $29,524,000 after purchasing an additional 25,631 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Price Performance

TriNet Group stock traded up $0.56 during trading hours on Friday, reaching $86.06. 284,398 shares of the stock were exchanged, compared to its average volume of 385,492. The company has a market cap of $4.17 billion, a P/E ratio of 25.16 and a beta of 0.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The stock has a 50 day moving average of $78.24 and a two-hundred day moving average of $84.79.

TriNet Group (NYSE:TNET - Get Free Report) last posted 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 business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. During the same quarter last year, the business posted $2.18 EPS. Equities analysts expect that TriNet Group, Inc. will post 3.04 EPS 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 paid a $0.275 dividend. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.28%. TriNet Group's dividend payout ratio (DPR) is presently 32.84%.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction that occurred 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 sale, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 transaction, the director now owns 36,991 shares of the company's stock, valued at $2,565,695.76. This trade represents 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 owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised 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. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

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.