Avion Wealth Acquires 140 Shares of TriNet Group, Inc. (NYSE:TNET)

Avion Wealth boosted its position in shares of TriNet Group, Inc. (NYSE:TNET) by 14.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,081 shares of the business services provider’s stock after buying 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 reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its holdings in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares during the last quarter. KBC Group NV lifted its holdings in TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in TriNet Group during the 4th quarter valued at about $230,000. Quadrature Capital Ltd bought a new position in TriNet Group during the 3rd quarter valued at about $275,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in TriNet Group by 13.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,933 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 339 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TNET. Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, TD Cowen boosted their target price on shares of TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.00.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 2,345 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the completion of the transaction, the chief technology officer now owns 34,606 shares in the company, valued at approximately $3,219,396.18. The trade was a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 11,942 shares of company stock worth $1,083,506 in the last quarter. 37.10% of the stock is owned by company insiders.

TriNet Group Stock Down 2.1 %

Shares of NYSE:TNET opened at $91.94 on Wednesday. TriNet Group, Inc. has a one year low of $74.32 and a one year high of $134.67. The company has a 50 day moving average of $91.96 and a 200-day moving average of $94.17. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 17.72 and a beta of 1.21.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, January 2nd. 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.