TriNet Group, Inc. (NYSE:TNET) Shares Acquired by IFG Advisory LLC

IFG Advisory LLC raised its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,699 shares of the business services provider's stock after acquiring an additional 12,079 shares during the quarter. IFG Advisory LLC owned approximately 0.09% of TriNet Group worth $5,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates increased its holdings in shares of TriNet Group by 13.5% in the 1st quarter. Raymond James & Associates now owns 5,307 shares of the business services provider's stock worth $522,000 after buying an additional 631 shares during the last quarter. Bank of New York Mellon Corp boosted its position in TriNet Group by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 192,517 shares of the business services provider's stock valued at $18,937,000 after buying an additional 6,480 shares during the period. Citigroup Inc. boosted its position in TriNet Group by 46.5% during the 1st quarter. Citigroup Inc. now owns 39,685 shares of the business services provider's stock valued at $3,904,000 after buying an additional 12,604 shares during the period. MetLife Investment Management LLC lifted its position in shares of TriNet Group by 53.6% in the 1st quarter. MetLife Investment Management LLC now owns 21,581 shares of the business services provider's stock worth $2,123,000 after purchasing an additional 7,535 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of TriNet Group by 8.0% in the 1st quarter. Rhumbline Advisers now owns 44,248 shares of the business services provider's stock worth $4,352,000 after purchasing an additional 3,280 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Wayne B. Lowell sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $122.22, for a total value of $1,222,200.00. Following the sale, the director now directly owns 84,766 shares in the company, valued at approximately $10,360,100.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Samantha Wellington sold 14,271 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the sale, the executive vice president now owns 48,562 shares in the company, valued at $6,064,422.56. The disclosure for this sale can be found here. Insiders sold a total of 39,432 shares of company stock worth $4,809,967 over the last three months. 37.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TNET shares. TD Cowen lifted their price target on shares of TriNet Group from $129.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. Stifel Nicolaus lifted their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a research report on Friday, February 16th. StockNews.com raised shares of TriNet Group from a "hold" rating to a "buy" rating in a research report on Monday, February 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $150.00 price objective on shares of TriNet Group in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.17.

TriNet Group Stock Performance

Shares of TNET traded up $0.22 during mid-day trading on Thursday, hitting $132.48. 232,900 shares of the company traded hands, compared to its average volume of 233,841. TriNet Group, Inc. has a 1 year low of $76.92 and a 1 year high of $133.94. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 20.41 and a beta of 1.09. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50-day moving average price of $122.56 and a two-hundred day moving average price of $117.57.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.46. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. The business had revenue of $326.00 million during the quarter, compared to analysts' expectations of $300.36 million. Equities analysts anticipate that TriNet Group, Inc. will post 5.79 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, April 22nd. Shareholders of record on Monday, April 1st will be given a $0.25 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.75%.

TriNet Group 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.