Northern Trust Corp Purchases 25,631 Shares of TriNet Group, Inc. (NYSE:TNET)

Northern Trust Corp grew its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 325,259 shares of the business services provider's stock after acquiring an additional 25,631 shares during the quarter. Northern Trust Corp owned 0.66% of TriNet Group worth $29,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in shares of TriNet Group during the 4th quarter worth approximately $456,581,000. Capital Research Global Investors grew its position in TriNet Group by 98.2% during the fourth quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock worth $256,229,000 after buying an additional 1,398,573 shares in the last quarter. Wellington Management Group LLP increased its stake in TriNet Group by 23.1% during the 4th quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock worth $147,674,000 after acquiring an additional 305,165 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in TriNet Group by 18.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock valued at $172,282,000 after acquiring an additional 289,071 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of TriNet Group by 1,131.0% during the 4th quarter. American Century Companies Inc. now owns 302,947 shares of the business services provider's stock valued at $27,498,000 after acquiring an additional 278,338 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TNET has been the subject of a number of analyst reports. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research report on Monday, April 28th.

TriNet Group Price Performance

TriNet Group stock opened at $82.02 on Friday. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 52 week low of $65.43 and a 52 week high of $116.26. The stock has a market capitalization of $3.97 billion, a P/E ratio of 23.98 and a beta of 0.91. The stock has a fifty day moving average of $77.46 and a 200-day moving average of $84.79.

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

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.34%. TriNet Group's dividend payout ratio is 32.84%.

Insider Activity

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction 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 transaction, the chief technology officer now owns 19,867 shares in the company, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was 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. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% 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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