JPMorgan Chase & Co. Boosts Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

JPMorgan Chase & Co. boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 385,335 shares of the business services provider's stock after purchasing an additional 39,351 shares during the period. JPMorgan Chase & Co. owned approximately 0.78% of TriNet Group worth $37,366,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TNET. TD Private Client Wealth LLC grew its position in TriNet Group by 25.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock valued at $58,000 after buying an additional 121 shares during the last quarter. KBC Group NV boosted its holdings in shares of 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 acquiring an additional 199 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of TriNet Group during the second quarter worth about $93,000. Aristides Capital LLC acquired a new position in shares of TriNet Group during the second quarter worth about $258,000. Finally, Quadrature Capital Ltd purchased a new position in TriNet Group during the third quarter worth about $275,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Price Performance

Shares of TNET traded up $0.79 on Tuesday, reaching $90.59. The stock had a trading volume of 185,380 shares, compared to its average volume of 255,920. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67. The firm has a market capitalization of $4.49 billion, a PE ratio of 17.45 and a beta of 1.21. The firm has a 50-day moving average of $91.47 and a 200 day moving average of $96.08. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, January 2nd. TriNet Group's dividend payout ratio is currently 19.27%.

Analysts Set New Price Targets

Several research firms have issued reports on TNET. Needham & Company LLC cut TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price on the stock. in a research report on Monday, October 28th. TD Cowen upped their price objective on TriNet Group from $92.00 to $104.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $103.00 target price 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $117.00.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the sale, the director now directly owns 37,591 shares of the company's stock, valued at approximately $3,241,471.93. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares in the company, 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. Insiders sold 4,533 shares of company stock valued at $418,629 in the last 90 days. 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.