Stifel Financial Corp Sells 195 Shares of TriNet Group, Inc. (NYSE:TNET)

Stifel Financial Corp trimmed its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,911 shares of the business services provider’s stock after selling 195 shares during the period. Stifel Financial Corp’s holdings in TriNet Group were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TNET. Rothschild Investment LLC purchased a new position in TriNet Group during the 2nd quarter worth $45,000. Headlands Technologies LLC acquired a new position in shares of TriNet Group during the second quarter valued at about $93,000. KBC Group NV raised its position in shares of TriNet Group by 26.5% in 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. Aristides Capital LLC purchased a new position in shares of TriNet Group in the 2nd quarter valued at approximately $258,000. Finally, Quadrature Capital Ltd acquired a new stake in TriNet Group in the 3rd quarter worth approximately $275,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares in the company, valued at approximately $3,219,396.18. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,533 shares of company stock worth $418,629 over the last quarter. 37.10% of the stock is currently owned by insiders.

TriNet Group Trading Down 0.2 %

Shares of TriNet Group stock opened at $90.29 on Friday. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. 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 $4.48 billion, a PE ratio of 17.40 and a beta of 1.21. The firm has a fifty day moving average price of $91.44 and a 200 day moving average price of $96.86.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

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.