TriNet Group, Inc. (NYSE:TNET) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. lessened its stake in TriNet Group, Inc. (NYSE:TNET) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,900 shares of the business services provider’s stock after selling 1,515 shares during the period. Baxter Bros Inc.’s holdings in TriNet Group were worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in TriNet Group by 1.8% in the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 99 shares during the period. Blue Trust Inc. increased its position 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 acquiring an additional 104 shares during the period. 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 in the last quarter. SummerHaven Investment Management LLC boosted its holdings in TriNet Group by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock valued at $822,000 after purchasing an additional 142 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in TriNet Group by 2.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,163 shares of the business services provider’s stock valued at $716,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $84.03 on Friday. The business’s 50 day simple moving average is $95.46 and its 200-day simple moving average is $101.19. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 16.19 and a beta of 1.20. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.04. TriNet Group, Inc. has a 12 month low of $74.32 and a 12 month high of $134.67.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is 19.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TNET shares. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed 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 lowered their price objective on TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.20.

Insider Transactions at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the sale, the director now directly owns 37,591 shares in the company, valued at approximately $3,241,471.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

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.