Deutsche Bank AG Acquires 9,627 Shares of TriNet Group, Inc. (NYSE:TNET)

Deutsche Bank AG raised its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 49.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,122 shares of the business services provider's stock after buying an additional 9,627 shares during the period. Deutsche Bank AG owned about 0.06% of TriNet Group worth $2,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealthfront Advisers LLC bought a new stake in TriNet Group in the fourth quarter valued at approximately $456,581,000. Vanguard Group Inc. raised its stake in TriNet Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after buying an additional 36,216 shares during the period. Capital Research Global Investors raised its stake in TriNet Group by 98.2% in the fourth quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after buying an additional 1,398,573 shares during the period. Massachusetts Financial Services Co. MA raised its stake in TriNet Group by 18.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock valued at $172,282,000 after buying an additional 289,071 shares during the period. Finally, Wellington Management Group LLP raised its stake in TriNet Group by 23.1% in the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock valued at $147,674,000 after buying an additional 305,165 shares during the period. Institutional investors own 96.81% of the company's stock.

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was 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 of the company's stock, valued at approximately $1,377,975.12. This trade represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the firm'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 $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. 38.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on TNET shares. TD Cowen lowered 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 research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th.

TriNet Group Price Performance

Shares of NYSE TNET opened at $83.20 on Thursday. The firm has a market cap of $4.03 billion, a P/E ratio of 24.33 and a beta of 0.91. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year 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 business's 50 day moving average is $79.19 and its 200-day moving average is $84.79.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The business 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 quarter in the prior year, the business posted $2.18 earnings per share. Equities research analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.32%. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is currently 32.84%.

About TriNet Group

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.

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