Captrust Financial Advisors Acquires 608 Shares of TriNet Group, Inc. (NYSE:TNET)

Captrust Financial Advisors raised its holdings in TriNet Group, Inc. (NYSE:TNET) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,260 shares of the business services provider’s stock after acquiring an additional 608 shares during the quarter. Captrust Financial Advisors’ holdings in TriNet Group were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TNET. Rothschild Investment LLC bought a new stake in TriNet Group during the 2nd quarter valued at $45,000. Blue Trust Inc. lifted its stake in TriNet Group by 24.9% in the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares during the period. Avion Wealth lifted its stake in TriNet Group by 19.2% in the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after acquiring an additional 129 shares during the period. KBC Group NV grew 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 worth $92,000 after acquiring an additional 199 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in TriNet Group during the 2nd quarter valued at about $93,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of TNET opened at $95.42 on Friday. The company has a 50 day moving average of $92.54 and a two-hundred day moving average of $97.69. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 18.39 and a beta of 1.21.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s payout ratio is currently 19.27%.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the sale, the director now owns 37,591 shares in the company, valued at $3,241,471.93. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the transaction, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at $3,219,396.18. This represents a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,533 shares of company stock worth $418,629 in the last three months. Corporate insiders own 37.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TNET. TD Cowen increased their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $117.00.

TriNet Group Company 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.