BNP Paribas Financial Markets Buys 17,945 Shares of TriNet Group, Inc. (NYSE:TNET)

BNP Paribas Financial Markets increased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 42.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,091 shares of the business services provider’s stock after purchasing an additional 17,945 shares during the quarter. BNP Paribas Financial Markets owned 0.12% of TriNet Group worth $5,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of TriNet Group by 201.0% during the 3rd quarter. Barclays PLC now owns 94,649 shares of the business services provider’s stock worth $9,179,000 after buying an additional 63,201 shares in the last quarter. Franklin Resources Inc. grew its position 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 acquiring an additional 169 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in TriNet Group by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 162,369 shares of the business services provider’s stock worth $14,738,000 after acquiring an additional 6,936 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of TriNet Group by 4.8% in the fourth quarter. Merit Financial Group LLC now owns 13,424 shares of the business services provider’s stock worth $1,218,000 after acquiring an additional 609 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of TriNet Group by 142.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 7,237 shares of the business services provider’s stock worth $657,000 after acquiring an additional 4,256 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value 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. The trade was a 6.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the firm’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 value of $41,616.00. Following the sale, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This represents a 1.60% decrease in their position. The disclosure for this sale can be found here. 38.10% of the stock is owned by insiders.

TriNet Group Stock Performance

Shares of TNET stock opened at $84.23 on Wednesday. The business’s 50-day moving average price is $77.84 and its 200-day moving average price is $84.77. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $116.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 24.63 and a beta of 0.91.

TriNet Group (NYSE:TNET) last posted its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.32. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. During the same period in the previous year, the firm posted $2.18 EPS. Equities research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is 32.84%.

Analyst Ratings Changes

TNET has been the topic of several research reports. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday, April 28th.

TriNet Group 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.