9 hours Ago By ABMN Staff
Invesco Ltd. decreased its holdings in shares of TriNet Group, Inc. ( NYSE:TNET – Free Report ) by 4.
1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,638 shares of the business services provider’s stock after selling 3,271 shares during the quarter. Invesco Ltd.
owned about 0.15% of TriNet Group worth $6,866,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also recently added to or reduced their stakes in the business.
JPMorgan Chase & Co. lifted its stake in shares of TriNet Group by 11.4% during the third quarter.
JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock worth $37,366,000 after purchasing an additional 39,351 shares in the last quarter. Vanguard Group Inc.
raised its holdings in shares of TriNet Group by 1.2% during the 4th quarter. Vanguard Group Inc.
now owns 2,992,008 shares of the business services provider’s stock valued at $271,585,000 after buying an additional 36,216 shares during the period. Tidal Investments LLC lifted its position in TriNet Group by 5.4% during the 3rd quarter.
Tidal Investments LLC now owns 5,121 shares of the business services provider’s stock worth $495,000 after acquiring an additional 263 shares in the last quarter. Nordea Investment Management AB boosted its holdings in TriNet Group by 4.2% in the 4th quarter.
Nordea Investment Management AB now owns 160,991 shares of the business services provider’s stock worth $14,732,000 after acquiring an additional 6,420 shares during the period. Finally, Bank of New York Mellon Corp grew its position in TriNet Group by 82.7% in the fourth quarter.
Bank of New York Mellon Corp now owns 222,458 shares of the business services provider’s stock valued at $20,193,000 after acquiring an additional 100,728 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.
TriNet Group Stock Performance Shares of TriNet Group stock opened at $77.30 on Friday. The firm has a market cap of $3.
74 billion, a PE ratio of 22.60 and a beta of 1.06.
TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $127.
60. The firm’s 50-day simple moving average is $75.63 and its 200-day simple moving average is $86.
06. 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 Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th.
Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This represents a $1.
10 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from TriNet Group’s previous quarterly dividend of $0.
25. The ex-dividend date is Tuesday, April 1st. TriNet Group’s dividend payout ratio is 32.
16%. Analyst Ratings Changes Several brokerages have recently weighed in on TNET. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th.
TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.
View Our Latest Stock Report on TNET Insider Transactions at TriNet Group 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 stock was sold at an average price of $69.36, for a total transaction of $41,616.
00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at $2,565,695.76.
The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction on 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 owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12.
The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders own 37.10% of the company’s stock. About TriNet Group ( Free Report ) 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. Featured Articles Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter .
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