TriNet Group, Inc. (NYSE:TNET) Shares Acquired by Avion Wealth

Avion Wealth boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,081 shares of the business services provider’s stock after purchasing an additional 140 shares during the period. Avion Wealth’s holdings in TriNet Group were worth $98,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TNET. TD Private Client Wealth LLC raised its holdings in shares of TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 121 shares during the period. KBC Group NV raised its holdings in shares of TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 199 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of TriNet Group during the fourth quarter valued at approximately $230,000. Quadrature Capital Ltd acquired a new stake in shares of TriNet Group during the third quarter valued at approximately $275,000. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of TriNet Group by 13.1% during the third quarter. Orion Portfolio Solutions LLC now owns 2,933 shares of the business services provider’s stock valued at $284,000 after acquiring an additional 339 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TNET has been the topic of several research reports. Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research note on Monday, October 28th. TD Cowen increased their target price on shares of TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. One research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.00.

Insiders Place Their Bets

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $93.03, for a total value 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 trade represents a 6.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 11,942 shares of company stock worth $1,083,506 in the last ninety days. Insiders own 37.10% of the company’s stock.

TriNet Group Stock Performance

NYSE:TNET opened at $91.94 on Wednesday. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The firm’s fifty day simple moving average is $91.96 and its 200 day simple moving average is $94.17. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. The firm has a market capitalization of $4.56 billion, a PE ratio of 17.72 and a beta of 1.21.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.09%. TriNet Group’s dividend payout ratio is 19.27%.

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.