US Bancorp DE Boosts Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

US Bancorp DE raised its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 9,893.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,195 shares of the business services provider's stock after buying an additional 7,123 shares during the quarter. US Bancorp DE's holdings in TriNet Group were worth $698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rothschild Investment LLC bought a new position in shares of TriNet Group in the 2nd quarter worth approximately $45,000. Blue Trust Inc. grew its position in shares of TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider's stock worth $52,000 after buying an additional 104 shares during the period. LRI Investments LLC bought a new position in shares of TriNet Group in the 1st quarter worth about $81,000. Avion Wealth grew its stake in shares of TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider's stock worth $80,000 after buying an additional 129 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in TriNet Group during the second quarter valued at $93,000. Institutional investors own 96.81% of the company's stock.

TriNet Group Stock Performance

Shares of TNET traded down $0.25 during mid-day trading on Friday, hitting $92.74. 543,430 shares of the company traded hands, compared to its average volume of 511,740. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 17.87 and a beta of 1.20. The stock has a 50-day moving average price of $94.13 and a two-hundred day moving average price of $99.78. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group's dividend payout ratio (DPR) is presently 19.27%.

Insider Activity at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares of the company's stock, valued at approximately $8,484,830.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction 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 transaction, the director now owns 37,591 shares of the company's stock, valued at approximately $3,241,471.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. The trade was a 0.00 % 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 company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen reduced their price target on TriNet Group from $110.00 to $92.00 and set a "buy" rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $103.00 price target on shares of TriNet Group in a report on Tuesday, October 22nd. Finally, Needham & Company LLC cut TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 price objective on the stock. in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $114.00.

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.