TriNet Group, Inc. (NYSE:TNET) Shares Sold by IFG Advisory LLC

Key Points

• IFG Advisory LLC has reduced its stake in TriNet Group, Inc. by 20.9%, now holding approximately $2.57 million in stock.
• JPMorgan Chase & Co. downgraded TriNet Group's stock rating to “underweight” and lowered the price target from $76.00 to $75.00.
• TriNet Group announced a quarterly dividend of $0.275 per share, with an annualized dividend yield of 1.7%.

IFG Advisory LLC lessened its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 20.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,488 shares of the business services provider's stock after selling 8,569 shares during the period. IFG Advisory LLC owned 0.07% of TriNet Group worth $2,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TNET. LRI Investments LLC boosted its position in TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after buying an additional 573 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of TriNet Group during the 1st quarter worth approximately $206,000. Xponance Inc. raised its stake in shares of TriNet Group by 6.4% during the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after buying an additional 157 shares during the period. AE Wealth Management LLC purchased a new stake in shares of TriNet Group during the first quarter worth approximately $208,000. Finally, Mariner LLC increased its position in shares of TriNet Group by 13.7% during the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a report on Monday, July 28th.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the completion of the sale, the chief technology officer directly owned 32,932 shares of the company's stock, valued at $2,701,741.28. This trade represents a 4.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sidney A. Majalya sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the completion of the sale, the senior vice president directly owned 23,033 shares of the company's stock, valued at $1,914,963.62. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,120 shares of company stock worth $175,291 over the last quarter. Company insiders own 38.10% of the company's stock.

TriNet Group Stock Up 1.5%

Shares of NYSE TNET traded up $0.93 during midday trading on Thursday, hitting $64.36. 20,770 shares of the company's stock were exchanged, compared to its average volume of 445,082. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. TriNet Group, Inc. has a twelve month low of $62.72 and a twelve month high of $104.06. The company has a market cap of $3.13 billion, a PE ratio of 22.20 and a beta of 0.83. The firm's fifty day simple moving average is $72.79 and its 200-day simple moving average is $77.86.

TriNet Group (NYSE:TNET - Get Free Report) last released 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 firm had revenue of $282.90 million for the quarter, compared to the consensus estimate of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%. During the same quarter last year, the business posted $1.53 EPS. Research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, July 1st. TriNet Group's dividend payout ratio (DPR) is 37.80%.

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.