TriNet Group, Inc. (NYSE:TNET) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 28.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,634 shares of the business services provider's stock after acquiring an additional 14,121 shares during the period. Hsbc Holdings PLC owned about 0.13% of TriNet Group worth $5,876,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of TriNet Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock worth $37,366,000 after purchasing an additional 39,351 shares in the last quarter. Vanguard Group Inc. raised its holdings in TriNet Group by 1.2% during the 4th 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. Tidal Investments LLC lifted its position in shares of TriNet Group by 5.4% during the third quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock worth $495,000 after acquiring an additional 263 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of TriNet Group by 4.2% during the fourth quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock worth $14,732,000 after acquiring an additional 6,420 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of TriNet Group by 82.7% in the fourth quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock worth $20,193,000 after acquiring an additional 100,728 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the transaction, the director now directly owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TNET has been the topic of a number of recent research reports. TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th.

TriNet Group Price Performance

NYSE TNET traded up $0.52 during trading on Thursday, reaching $78.85. The company's stock had a trading volume of 319,695 shares, compared to its average volume of 382,074. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $116.26. The firm has a fifty day moving average of $76.28 and a 200 day moving average of $85.55. The stock has a market capitalization of $3.82 billion, a PE ratio of 23.06 and a beta of 1.06. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.67 by $0.32. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $319.36 million. During the same quarter in the previous year, the business earned $2.18 earnings per share. Analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.275 per share. This is a boost from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.40%. TriNet Group's payout ratio is presently 32.84%.

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.