Hsbc Holdings PLC Has $5.56 Million Stock Position in TriNet Group, Inc. (NYSE:TNET)

Hsbc Holdings PLC lifted its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 65.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,370 shares of the business services provider's stock after purchasing an additional 21,870 shares during the period. Hsbc Holdings PLC owned 0.11% of TriNet Group worth $5,562,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TNET. Principal Securities Inc. acquired a new position in TriNet Group during the 4th quarter valued at about $26,000. Principal Financial Group Inc. raised its position in shares of TriNet Group by 28.9% during the 4th quarter. Principal Financial Group Inc. now owns 21,316 shares of the business services provider's stock valued at $2,535,000 after acquiring an additional 4,778 shares during the last quarter. Norges Bank bought a new position in shares of TriNet Group in the 4th quarter worth $19,650,000. Wells Fargo & Company MN grew its stake in shares of TriNet Group by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 76,676 shares of the business services provider's stock worth $9,119,000 after purchasing an additional 6,133 shares during the period. Finally, Oliver Luxxe Assets LLC bought a new stake in TriNet Group in the fourth quarter valued at about $687,000. Institutional investors own 96.81% of the company's stock.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the transaction, the director now directly owns 37,966 shares in the company, valued at approximately $4,043,379. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the sale, the chief financial officer now directly owns 82,409 shares of the company's stock, valued at $8,484,830.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the transaction, the director now directly owns 37,966 shares of the company's stock, valued at approximately $4,043,379. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

TriNet Group Stock Down 0.4 %

Shares of NYSE:TNET traded down $0.34 during midday trading on Wednesday, reaching $95.50. 93,755 shares of the company were exchanged, compared to its average volume of 277,592. The firm has a market cap of $4.74 billion, a PE ratio of 15.71 and a beta of 1.17. TriNet Group, Inc. has a fifty-two week low of $91.59 and a fifty-two week high of $134.67. The stock has a fifty day simple moving average of $99.63 and a two-hundred day simple moving average of $108.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.29. The firm had revenue of $310.00 million for the quarter, compared to the consensus estimate of $301.76 million. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. As a group, sell-side analysts forecast that TriNet Group, Inc. will post 5.13 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. TriNet Group's dividend payout ratio (DPR) is presently 16.39%.

Analyst Ratings Changes

TNET has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $140.00 target price on shares of TriNet Group in a research report on Wednesday, September 11th. TD Cowen decreased their price target on shares of TriNet Group from $132.00 to $118.00 and set a "buy" rating for the company in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. dropped their price objective on TriNet Group from $107.00 to $103.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $118.40.

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.