Wells Fargo & Company MN Has $7.04 Million Position in TriNet Group, Inc. (NYSE:TNET)

Wells Fargo & Company MN boosted its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,518 shares of the business services provider's stock after acquiring an additional 3,456 shares during the quarter. Wells Fargo & Company MN owned about 0.16% of TriNet Group worth $7,036,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC grew its stake in shares of TriNet Group by 13.1% during the third quarter. Orion Portfolio Solutions LLC now owns 2,933 shares of the business services provider's stock valued at $284,000 after acquiring an additional 339 shares in the last quarter. Barclays PLC increased its holdings in TriNet Group by 201.0% during the 3rd quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after purchasing an additional 63,201 shares during the last quarter. Tidal Investments LLC increased its holdings in TriNet Group by 5.4% during the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock worth $495,000 after purchasing an additional 263 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of TriNet Group by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after buying an additional 169 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of TriNet Group by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock worth $37,366,000 after buying an additional 39,351 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Price Performance

Shares of NYSE TNET traded down $1.92 during mid-day trading on Thursday, reaching $74.91. The company had a trading volume of 183,423 shares, compared to its average volume of 377,375. The company has a 50-day moving average price of $75.63 and a two-hundred day moving average price of $86.19. The stock has a market cap of $3.63 billion, a PE ratio of 21.90 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $129.37.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. On average, equities analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.275 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is 32.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen lowered 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.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's 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 completion of the transaction, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is currently 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.