TD Private Client Wealth LLC Increases Position in TriNet Group, Inc. (NYSE:TNET)

TD Private Client Wealth LLC boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 25.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 595 shares of the business services provider’s stock after acquiring an additional 121 shares during the period. TD Private Client Wealth LLC’s holdings in TriNet Group were worth $58,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in TriNet Group in the 2nd quarter valued at about $45,000. Blue Trust Inc. boosted its holdings in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the last quarter. Avion Wealth boosted its holdings in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 129 shares during the last quarter. KBC Group NV boosted its holdings in TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in TriNet Group in the 2nd quarter valued at about $93,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insiders Place Their Bets

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the sale, the chief technology officer now directly owns 34,606 shares in the company, valued at $3,219,396.18. This represents a 6.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the sale, the director now owns 37,591 shares in the company, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,533 shares of company stock worth $418,629 in the last ninety days. 37.10% of the stock is owned by corporate insiders.

TriNet Group Stock Performance

Shares of TNET stock opened at $95.42 on Monday. The firm’s 50 day moving average price is $92.54 and its 200-day moving average price is $97.69. 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, Inc. has a one year low of $74.32 and a one year high of $134.67. The firm has a market cap of $4.73 billion, a P/E ratio of 18.39 and a beta of 1.21.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. TriNet Group’s dividend payout ratio is currently 19.27%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TNET. Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd. Finally, TD Cowen upped their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.00.

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.