Bank of New York Mellon Corp Purchases 9,821 Shares of TriNet Group, Inc. (NYSE:TNET)

Bank of New York Mellon Corp increased its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 hedge funds and other institutional investors have also recently modified their holdings of the company. Yorktown Management & Research Co Inc bought a new position in shares of TriNet Group in the 1st quarter valued at about $345,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of TriNet Group in the 1st quarter valued at about $27,037,000. SG Americas Securities LLC bought a new position in shares of TriNet Group in the 1st quarter valued at about $987,000. Farther Finance Advisors LLC grew its holdings in shares of TriNet Group by 11.4% in the 1st quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock valued at $331,000 after acquiring an additional 427 shares in the last quarter. Finally, Vest Financial LLC bought a new position in TriNet Group during the first quarter worth about $1,963,000. Institutional investors and hedge funds own 96.81% of the company's stock.

Insider Activity at TriNet Group

In related news, 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 transaction, the senior vice president directly owned 23,033 shares of the company's stock, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $117,891.48. Following the completion of the transaction, the chief technology officer directly 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. In the last 90 days, insiders have sold 2,120 shares of company stock valued at $175,291. 37.10% of the stock is currently owned by company insiders.

TriNet Group Trading Up 2.6%

TNET traded up $1.67 during trading on Tuesday, reaching $65.41. 526,005 shares of the stock traded hands, compared to its average volume of 384,777. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 14.43. The stock has a market capitalization of $3.17 billion, a PE ratio of 19.53 and a beta of 0.84. The stock's 50-day moving average is $76.93 and its 200 day moving average is $79.74. TriNet Group, Inc. has a 12 month low of $63.23 and a 12 month 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $319.36 million. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. During the same quarter in the prior year, the firm earned $2.18 EPS. Equities analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st will be paid 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 1.68%. TriNet Group's payout ratio is currently 32.84%.

Wall Street Analyst Weigh In

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

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.