TriNet Group, Inc. (NYSE:TNET) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,638 shares of the business services provider's stock after selling 3,271 shares during the quarter. Invesco Ltd. owned approximately 0.15% of TriNet Group worth $6,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TNET. IFP Advisors Inc grew its stake in shares of TriNet Group by 45.5% in the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after buying an additional 240 shares during the last quarter. Avion Wealth raised its holdings in TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after acquiring an additional 140 shares during the period. KBC Group NV increased its holdings in TriNet Group by 43.7% in the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after acquiring an additional 415 shares during the last quarter. PNC Financial Services Group Inc. increased its position in TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after purchasing an additional 785 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in shares of TriNet Group by 17.8% in the 4th quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock valued at $223,000 after acquiring an additional 371 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Trading Up 2.8 %

Shares of TriNet Group stock traded up $2.20 during trading hours on Monday, hitting $79.49. The company's stock had a trading volume of 553,782 shares, compared to its average volume of 383,734. The firm has a fifty day moving average of $75.73 and a 200-day moving average of $85.77. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 23.24 and a beta of 1.06. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.32. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $319.36 million. During the same quarter last year, the company earned $2.18 earnings per share. Research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.275 per share. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group's dividend payout ratio is presently 32.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TNET shares. TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. upped their target price on TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 37.10% of the company's stock.

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.