1 week Ago By Defense World Staff
JPMorgan Chase & Co. lessened its stake in shares of TriNet Group, Inc. (NYSE:TNET – Free Report) by 34.
5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 252,228 shares of the business services provider’s stock after selling 133,107 shares during the quarter. JPMorgan Chase & Co.
owned about 0.51% of TriNet Group worth $22,895,000 at the end of the most recent reporting period. Other institutional investors have also recently added to or reduced their stakes in the company.
Cannon Global Investment Management LLC raised its stake in TriNet Group by 80.0% during the fourth quarter. Cannon Global Investment Management LLC now owns 6,300 shares of the business services provider’s stock worth $572,000 after purchasing an additional 2,800 shares during the period.
Vanguard Group Inc. raised its position in shares of TriNet Group by 1.2% in the 4th quarter.
Vanguard Group Inc. now owns 2,992,008 shares of the business services provider’s stock worth $271,585,000 after buying an additional 36,216 shares during the period. LPL Financial LLC boosted its holdings in TriNet Group by 6.
5% in the fourth quarter. LPL Financial LLC now owns 9,786 shares of the business services provider’s stock valued at $888,000 after acquiring an additional 597 shares during the last quarter. Heron Bay Capital Management purchased a new stake in TriNet Group during the fourth quarter valued at about $4,271,000.
Finally, KLP Kapitalforvaltning AS acquired a new stake in TriNet Group during the fourth quarter worth about $908,000. Institutional investors and hedge funds own 96.81% of the company’s stock.
Insider Activity at TriNet GroupIn related news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated 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 owns 36,991 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Also, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group 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 $94,607.
04. Following the transaction, the chief technology officer now owns 19,867 shares of the company’s stock, valued at $1,377,975.12.
This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Insiders sold a total of 9,748 shares of company stock valued at $833,436 over the last quarter. Corporate insiders own 37.10% of the company’s stock.
Analyst Ratings ChangesA number of brokerages have commented on TNET. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $104.00 to $74.
00 in a research note on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th.View Our Latest Analysis on TNETTriNet Group Stock Up 7.
2 %TNET stock opened at $77.92 on Thursday. The company has a debt-to-equity ratio of 13.
16, a current ratio of 1.07 and a quick ratio of 1.07.
The firm has a market capitalization of $3.86 billion, a P/E ratio of 22.78 and a beta of 1.
06. TriNet Group, Inc. has a 52-week low of $65.
43 and a 52-week high of $131.27. The company’s 50 day simple moving average is $77.
98 and its 200-day simple moving average is $87.47. TriNet Group (NYSE:TNET – Get Free Report) last announced its quarterly earnings data on Thursday, February 13th.
The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.
02. TriNet Group had a return on equity of 200.82% and a net margin of 3.
46%. The business had revenue of $252.00 million during the quarter, compared to analyst estimates of $225.
72 million. As a group, equities research analysts anticipate that TriNet Group, Inc. will post 3.
04 EPS for the current year. TriNet Group Increases DividendThe business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.
275 per share. This is a boost from TriNet Group’s previous quarterly dividend of $0.25.
This represents a $1.10 annualized dividend and a dividend yield of 1.41%.
The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group’s dividend payout ratio is 32.16%.
TriNet Group Profile (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.Read MoreFive stocks we like better than TriNet GroupInsider Trades May Not Tell You What You ThinkQuantum Computing: The $6.
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