TriNet Group, Inc. $TNET Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 519,774 shares of the business services provider's stock after purchasing an additional 25,938 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.07% of TriNet Group worth $41,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TNET. LPL Financial LLC boosted its stake in TriNet Group by 6.5% during the 4th quarter. LPL Financial LLC now owns 9,786 shares of the business services provider's stock worth $888,000 after purchasing an additional 597 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in TriNet Group in the 4th quarter valued at about $1,395,000. Summit Investment Advisors Inc. raised its holdings in TriNet Group by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after buying an additional 149 shares during the period. Barclays PLC raised its holdings in TriNet Group by 19.9% in the 4th quarter. Barclays PLC now owns 113,472 shares of the business services provider's stock valued at $10,300,000 after buying an additional 18,823 shares during the period. Finally, Mariner LLC raised its holdings in TriNet Group by 13.7% in the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock valued at $251,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Trading Up 3.0%

NYSE:TNET traded up $1.9360 on Friday, reaching $67.4960. 262,331 shares of the company's stock were exchanged, compared to its average volume of 439,969. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 23.14 and a beta of 0.83. The business has a fifty day moving average of $69.11 and a 200-day moving average of $75.71. TriNet Group, Inc. has a 52-week low of $62.55 and a 52-week high of $104.06.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.12. The company had revenue of $282.90 million for the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same period in the prior year, the firm earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 1st. TriNet Group's dividend payout ratio is presently 37.80%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $96.33.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the sale, the chief technology officer directly owned 32,932 shares in the company, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $64.18, for a total transaction of $38,508.00. Following the sale, the director owned 38,440 shares in the company, valued at $2,467,079.20. The trade was a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,620 shares of company stock worth $327,058. Company insiders own 38.10% 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.