TriNet Group, Inc. (NYSE:TNET) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 239.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,914 shares of the business services provider's stock after acquiring an additional 16,160 shares during the quarter. Ameriprise Financial Inc.'s holdings in TriNet Group were worth $2,080,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TNET. IFP Advisors Inc raised its position in TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after acquiring an additional 240 shares in the last quarter. Avion Wealth grew its holdings in TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after purchasing an additional 140 shares during the last quarter. KBC Group NV grew its holdings in TriNet Group by 43.7% in the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after purchasing an additional 415 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after purchasing an additional 785 shares during the last quarter. Finally, Xponance Inc. grew its holdings in TriNet Group by 17.8% in the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock valued at $223,000 after purchasing an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

Analysts Set New Price Targets

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

TriNet Group Trading Up 0.1%

Shares of TriNet Group stock traded up $0.04 during trading hours on Tuesday, reaching $82.28. The stock had a trading volume of 172,566 shares, compared to its average volume of 380,852. The firm has a 50 day simple moving average of $79.74 and a two-hundred day simple moving average of $84.10. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 24.06 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 1 year low of $65.43 and a 1 year high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The company had revenue of $1.29 billion for 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 last year, the business posted $2.18 EPS. As a group, equities research analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group's dividend payout ratio (DPR) is 32.84%.

Insider Activity at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total transaction of $117,891.48. Following the sale, the chief technology officer now directly owns 32,932 shares in the company, valued at approximately $2,701,741.28. This trade represents a 4.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Sidney A. Majalya sold 500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the sale, the senior vice president now owns 23,033 shares in the company, valued at approximately $1,914,963.62. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,120 shares of company stock worth $175,291. 38.10% of the stock is currently owned by company insiders.

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.