TriNet Group, Inc. (NYSE:TNET) Shares Bought by Barclays PLC

Barclays PLC increased its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 201.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,649 shares of the business services provider's stock after purchasing an additional 63,201 shares during the quarter. Barclays PLC owned approximately 0.19% of TriNet Group worth $9,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TNET. Rothschild Investment LLC acquired a new position in shares of TriNet Group during the second quarter worth $45,000. Blue Trust Inc. increased its position in TriNet Group by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider's stock valued at $52,000 after buying an additional 104 shares in the last quarter. Avion Wealth increased its position in TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider's stock valued at $80,000 after buying an additional 129 shares in the last quarter. KBC Group NV raised its stake in TriNet Group by 26.5% in the third 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 during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in TriNet Group in the second quarter worth about $93,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction of $32,336.25. Following the sale, the director now directly owns 37,591 shares in the company, valued at approximately $3,241,471.93. This represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the transaction, the chief technology officer now owns 34,606 shares of the company's stock, valued at $3,219,396.18. This trade represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,533 shares of company stock valued at $418,629. Corporate insiders own 37.10% of the company's stock.

TriNet Group Trading Down 1.9 %

Shares of NYSE:TNET traded down $1.70 during midday trading on Wednesday, reaching $89.21. 323,477 shares of the company's stock were exchanged, compared to its average volume of 304,938. The firm's 50 day simple moving average is $92.32 and its two-hundred day simple moving average is $97.46. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 17.19 and a beta of 1.21.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, January 2nd. TriNet Group's payout ratio is 19.27%.

Analysts Set New Price Targets

TNET has been the subject of a number of research analyst reports. TD Cowen raised their target price on TriNet Group from $92.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Needham & Company LLC downgraded TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price for the company. in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $103.00 price target on shares of TriNet Group in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $117.00.

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.