TriNet Group, Inc. (NYSE:TNET) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,638 shares of the business services provider's stock after selling 3,271 shares during the period. Invesco Ltd. owned 0.15% of TriNet Group worth $6,866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of TriNet Group by 11.4% during the 3rd 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 during the last quarter. Vanguard Group Inc. boosted its holdings in shares of TriNet Group by 1.2% in 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 buying an additional 36,216 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of TriNet Group by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock valued at $495,000 after buying an additional 263 shares in the last quarter. Nordea Investment Management AB grew its position in shares of TriNet Group by 4.2% in the 4th quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock worth $14,732,000 after buying an additional 6,420 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of TriNet Group by 82.7% during the 4th 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 in the last quarter. Institutional investors own 96.81% of the company's stock.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction 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 sale, the director now directly owns 36,991 shares of the company's stock, valued at $2,565,695.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 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 transaction of $94,607.04. Following the transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 37.10% of the company's stock.

TriNet Group Stock Performance

TNET stock traded up $0.08 during trading on Wednesday, reaching $78.44. The company had a trading volume of 393,244 shares, compared to its average volume of 382,628. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 22.94 and a beta of 1.06. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day simple moving average of $76.28 and a 200-day simple moving average of $85.55.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results 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 business 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 last year, the company posted $2.18 earnings per share. As a group, sell-side analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on TNET shares. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on TriNet Group from $75.00 to $76.00 and gave the stock 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 report on Thursday, March 13th.

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.