TriNet Group, Inc. (NYSE:TNET) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 82.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,458 shares of the business services provider's stock after purchasing an additional 100,728 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of TriNet Group worth $20,193,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. TD Private Client Wealth LLC boosted its position in TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock valued at $58,000 after purchasing an additional 121 shares in the last quarter. IFP Advisors Inc lifted its position in shares of TriNet Group by 45.5% during the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after buying an additional 240 shares during the last quarter. KBC Group NV boosted its holdings in shares of TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider's stock valued at $92,000 after buying an additional 199 shares in the last quarter. Avion Wealth grew its position in shares of TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after buying an additional 140 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of TriNet Group in the 4th quarter worth approximately $230,000. Institutional investors own 96.81% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on TNET. 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. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a report on Friday, February 14th.

TriNet Group Stock Down 1.5 %

Shares of TNET traded down $1.06 during mid-day trading on Wednesday, hitting $72.01. 123,282 shares of the company traded hands, compared to its average volume of 323,861. The business has a 50 day moving average of $84.87 and a 200 day moving average of $90.75. The company has a market capitalization of $3.57 billion, a PE ratio of 21.06 and a beta of 1.26. The company has a quick ratio of 1.07, a current 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 $134.67.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $225.72 million. Equities research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. TriNet Group's dividend payout ratio is currently 29.24%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 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 $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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,748 shares of company stock worth $833,436. 37.10% of the stock is currently owned by insiders.

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.