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

Deutsche Bank AG increased its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 49.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,122 shares of the business services provider's stock after buying an additional 9,627 shares during the quarter. Deutsche Bank AG owned 0.06% of TriNet Group worth $2,643,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of TriNet Group by 1.2% during 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 acquiring an additional 36,216 shares during the period. Bank of New York Mellon Corp lifted its position in TriNet Group by 82.7% during the 4th quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock valued at $20,193,000 after purchasing an additional 100,728 shares during the period. Franklin Resources Inc. boosted its stake in shares of TriNet Group by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after purchasing an additional 169 shares during the last quarter. Barclays PLC grew its position in shares of TriNet Group by 201.0% during the 3rd quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after buying an additional 63,201 shares during the period. Finally, Hunter Perkins Capital Management LLC grew its position in shares of TriNet Group by 246.6% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider's stock worth $925,000 after buying an additional 7,250 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TNET. JPMorgan Chase & Co. increased their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a report on Monday, April 28th. TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th. Finally, Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th.

TriNet Group Trading Up 1.7%

Shares of TriNet Group stock traded up $1.37 during trading on Tuesday, hitting $82.55. 248,030 shares of the company were exchanged, compared to its average volume of 383,836. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $4.00 billion, a P/E ratio of 24.14 and a beta of 0.91. The firm's fifty day moving average price is $79.42 and its 200 day moving average price is $84.56. 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 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.32. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. During the same quarter last year, the firm earned $2.18 EPS. As a group, sell-side analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a $0.275 dividend. 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. This represents a $1.10 annualized dividend and a dividend yield of 1.33%. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

Insider Activity

In related news, SVP Sidney A. Majalya sold 500 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction 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. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.