Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Commerce Bank

Commerce Bank cut its position in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,166 shares of the business services provider's stock after selling 1,018 shares during the period. Commerce Bank's holdings in Morningstar were worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MORN. Jane Street Group LLC raised its position in shares of Morningstar by 21.4% in the third quarter. Jane Street Group LLC now owns 3,033 shares of the business services provider's stock valued at $968,000 after buying an additional 535 shares during the last quarter. Barclays PLC lifted its stake in Morningstar by 19.9% in the 3rd quarter. Barclays PLC now owns 16,563 shares of the business services provider's stock worth $5,286,000 after purchasing an additional 2,751 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Morningstar during the 3rd quarter worth approximately $565,000. Tidal Investments LLC grew its position in shares of Morningstar by 8.1% in the third quarter. Tidal Investments LLC now owns 1,208 shares of the business services provider's stock valued at $385,000 after purchasing an additional 90 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Morningstar in the third quarter valued at approximately $1,982,000. 57.02% of the stock is owned by institutional investors and hedge funds.

Morningstar Trading Up 0.3 %

NASDAQ MORN traded up $0.92 during trading hours on Friday, reaching $280.63. The company had a trading volume of 122,975 shares, compared to its average volume of 133,944. Morningstar, Inc. has a 1-year low of $250.34 and a 1-year high of $365.00. The stock has a market capitalization of $12.02 billion, a P/E ratio of 37.07 and a beta of 1.16. The stock has a 50-day moving average of $292.38 and a 200 day moving average of $321.98. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55.

Morningstar (NASDAQ:MORN - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The company had revenue of $591.00 million for the quarter, compared to analyst estimates of $580.81 million.

Morningstar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.455 per share. The ex-dividend date is Friday, April 4th. This is a positive change from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 0.65%. Morningstar's dividend payout ratio is 21.24%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. BMO Capital Markets cut their target price on Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. StockNews.com downgraded shares of Morningstar from a "buy" rating to a "hold" rating in a research note on Friday, April 11th.

Insider Transactions at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 3,635 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $325.44, for a total value of $1,182,974.40. Following the completion of the transaction, the chairman now owns 10,142,694 shares of the company's stock, valued at $3,300,838,335.36. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 59,544 shares of company stock valued at $18,770,097. 36.20% of the stock is currently owned by corporate insiders.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.