Charles Schwab Investment Management Inc. Sells 1,107 Shares of TriNet Group, Inc. (NYSE:TNET)

Charles Schwab Investment Management Inc. decreased its holdings in TriNet Group, Inc. (NYSE:TNET) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 473,353 shares of the business services provider’s stock after selling 1,107 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of TriNet Group worth $45,901,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after buying an additional 391,720 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of TriNet Group in the 2nd quarter valued at about $20,610,000. Select Equity Group L.P. bought a new position in shares of TriNet Group during the 2nd quarter valued at approximately $6,652,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of TriNet Group in the second quarter valued at $4,348,000. Finally, Quantbot Technologies LP lifted its stake in TriNet Group by 155.8% in the second quarter. Quantbot Technologies LP now owns 37,378 shares of the business services provider’s stock worth $3,738,000 after purchasing an additional 22,764 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of TNET opened at $93.43 on Monday. The business’s 50-day moving average is $92.97 and its two-hundred day moving average is $98.44. The company has a market capitalization of $4.63 billion, a P/E ratio of 18.00 and a beta of 1.20. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s dividend payout ratio is currently 19.27%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the transaction, the director now owns 37,591 shares in the company, valued at approximately $3,241,471.93. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,813 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the transaction, the chief technology officer now owns 36,951 shares of the company’s stock, valued at $3,426,835.74. This represents a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TNET. TD Cowen boosted their target price 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. Needham & Company LLC lowered shares of 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. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, TriNet Group currently has an average rating of “Hold” and an average price target of $117.00.

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.