2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. lifted its holdings in TriNet Group, Inc. ( NYSE:TNET – Free Report ) by 4.
7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,344 shares of the business services provider’s stock after acquiring an additional 149 shares during the period. Summit Investment Advisors Inc.
’s holdings in TriNet Group were worth $304,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC grew its stake in TriNet Group by 201.
0% during the third quarter. Barclays PLC now owns 94,649 shares of the business services provider’s stock worth $9,179,000 after purchasing an additional 63,201 shares during the period. Tidal Investments LLC boosted its holdings in shares of 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 buying an additional 263 shares in the last quarter. Franklin Resources Inc.
boosted its holdings in shares of TriNet Group by 3.4% during the 3rd quarter. Franklin Resources Inc.
now owns 5,086 shares of the business services provider’s stock worth $499,000 after buying an additional 169 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of TriNet Group by 11.
4% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock worth $37,366,000 after buying an additional 39,351 shares during the period.
Finally, Nordea Investment Management AB increased its stake in shares of 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 valued at $14,732,000 after acquiring an additional 6,420 shares in the last quarter.
96.81% of the stock is owned by institutional investors. TriNet Group Stock Performance NYSE TNET opened at $75.
95 on Monday. 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 company has a fifty day simple moving average of $76.
05 and a 200 day simple moving average of $86.50. TriNet Group, Inc.
has a 12-month low of $65.43 and a 12-month high of $130.83.
The company has a market cap of $3.68 billion, a P/E ratio of 22.21 and a beta of 1.
06. TriNet Group Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a $0.
275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.
45%. The ex-dividend date is Tuesday, April 1st. This is a positive change from TriNet Group’s previous quarterly dividend of $0.
25. TriNet Group’s dividend payout ratio (DPR) is currently 32.16%.
Insider Activity at TriNet Group In other news, CTO Jeffery Jon Hayward sold 1,364 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 value of $94,607.
04. Following the transaction, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12.
The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.
00. Following the completion of the transaction, the director now directly owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76.
This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
37.10% of the stock is owned by insiders. Analyst Upgrades and Downgrades A number of equities research analysts have commented on the stock.
Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $104.00 to $74.
00 in a research note on Tuesday, February 18th. Read Our Latest Stock Analysis on TriNet Group 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.
See Also Want to see what other hedge funds are holding TNET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriNet Group, Inc. ( NYSE:TNET – Free Report ).
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