JPMorgan Chase & Co. Raises Holdings in TriNet Group, Inc. $TNET

Key Points

• JPMorgan Chase increased its stake in TriNet by 109.2% in Q3 to 220,096 shares (0.46% ownership) valued at about $14.7 million, while institutional investors now hold roughly 96.8% of the stock.
• TriNet's board authorized a $400 million share buyback (about 18.4% of shares) and raised the quarterly dividend to $0.29 per share (a 3.1% yield), signaling management's confidence in the stock's value.
• The company reported Q results beating EPS expectations ($0.46 vs. $0.37), set FY2026 guidance of $3.70–$4.70 EPS, but analyst sentiment remains mixed with an average rating of "Reduce" and a $65.80 price target.

JPMorgan Chase & Co. boosted its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 109.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,096 shares of the business services provider's stock after acquiring an additional 114,892 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of TriNet Group worth $14,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in TriNet Group by 4.8% during the third quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider's stock worth $313,000 after purchasing an additional 216 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider's stock worth $30,000 after purchasing an additional 229 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of TriNet Group by 5.9% during the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider's stock worth $413,000 after purchasing an additional 317 shares during the period. Envestnet Asset Management Inc. grew its position in TriNet Group by 0.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 49,756 shares of the business services provider's stock valued at $3,328,000 after buying an additional 370 shares during the last quarter. Finally, Quarry LP grew its position in TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider's stock valued at $31,000 after buying an additional 383 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the transaction, the senior vice president directly owned 19,853 shares in the company, valued at $1,228,106.58. The trade was a 3.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 38.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TNET shares. TD Cowen cut their price objective on shares of TriNet Group from $65.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, January 8th. Truist Financial initiated coverage on TriNet Group in a report on Friday, December 5th. They issued a "hold" rating and a $62.00 target price for the company. Zacks Research downgraded shares of TriNet Group from a "hold" rating to a "strong sell" rating in a report on Thursday, February 19th. Stifel Nicolaus dropped their target price on shares of TriNet Group from $97.00 to $75.00 and set a "buy" rating for the company in a report on Friday, February 13th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of TriNet Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $65.80.

TriNet Group Price Performance

TriNet Group stock opened at $37.68 on Friday. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $88.56. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 16.57. The firm's 50-day simple moving average is $45.81 and its 200 day simple moving average is $55.83. The firm has a market capitalization of $1.78 billion, a PE ratio of 11.92 and a beta of 0.86.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $251.57 million. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group declared that its board has authorized a share buyback program on Thursday, February 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.29 per share. This is a positive change from TriNet Group's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.1%. TriNet Group's dividend payout ratio is 34.81%.

TriNet Group Company Profile

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers' compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.

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