Mitsubishi UFJ Trust & Banking Corp Has $154,000 Holdings in TriNet Group, Inc. (NYSE:TNET)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 84.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,699 shares of the business services provider's stock after selling 9,527 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in TriNet Group were worth $154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC increased 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 acquiring an additional 121 shares during the period. Avion Wealth grew its stake in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after purchasing an additional 140 shares during the last quarter. Franklin Resources Inc. increased its holdings in TriNet Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after purchasing an additional 169 shares during the period. Linden Thomas Advisory Services LLC raised its position in TriNet Group by 2.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider's stock worth $702,000 after purchasing an additional 196 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in TriNet Group by 45.5% during 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 period. Institutional investors own 96.81% of the company's stock.

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TriNet Group Trading Down 0.1 %

TNET traded down $0.07 during trading on Monday, reaching $73.66. 554,562 shares of the stock traded hands, compared to its average volume of 368,919. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock's 50-day moving average is $79.45 and its 200 day moving average is $87.94. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $131.27. The stock has a market capitalization of $3.65 billion, a PE ratio of 21.54 and a beta of 1.06.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. Equities analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.49%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's payout ratio is currently 32.16%.

Insider Activity at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now directly owns 21,769 shares of the company's stock, valued at $1,949,849.33. The trade was a 26.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock worth $833,436 in the last quarter. Company insiders own 37.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.