TriNet Group, Inc. (NYSE:TNET) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,279 shares of the business services provider's stock after buying an additional 9,821 shares during the quarter. Bank of New York Mellon Corp owned 0.48% of TriNet Group worth $18,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in TriNet Group by 4,677.9% during the first quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider's stock worth $257,000 after purchasing an additional 3,181 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 36,216 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of TriNet Group by 11.4% during the first quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock valued at $331,000 after purchasing an additional 427 shares during the period. SG Americas Securities LLC acquired a new position in shares of TriNet Group during the first quarter valued at $987,000. Finally, Raymond James Financial Inc. acquired a new position in shares of TriNet Group during the fourth quarter valued at $1,395,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TriNet Group Trading Down 1.2%

Shares of TNET opened at $63.90 on Friday. The business's 50-day moving average price is $77.71 and its 200 day moving average price is $80.26. The stock has a market capitalization of $3.09 billion, a P/E ratio of 19.07 and a beta of 0.84. TriNet Group, Inc. has a 1-year low of $63.77 and a 1-year high of $116.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 14.43.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.32. TriNet Group had a return on equity of 237.87% and a net margin of 3.32%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $319.36 million. During the same quarter in the previous year, the business posted $2.18 EPS. 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, July 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.72%. TriNet Group's dividend payout ratio is 32.84%.

Insider Activity

In other news, SVP Sidney A. Majalya sold 500 shares of TriNet Group 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 completion of the sale, the senior vice president directly owned 23,033 shares in the company, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the business'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 owned 32,932 shares of the company's stock, valued at approximately $2,701,741.28. This trade represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,120 shares of company stock valued at $175,291. 38.10% of the stock is owned by corporate insiders.

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.

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