Jump Financial LLC Sells 3,808 Shares of Morningstar, Inc. (NASDAQ:MORN)

Jump Financial LLC cut its stake in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,286 shares of the business services provider's stock after selling 3,808 shares during the period. Jump Financial LLC's holdings in Morningstar were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Morningstar during the fourth quarter worth about $111,694,000. Premier Fund Managers Ltd bought a new stake in Morningstar during the 4th quarter worth approximately $50,694,000. Wellington Management Group LLP increased its holdings in Morningstar by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider's stock valued at $363,903,000 after purchasing an additional 130,087 shares in the last quarter. Schroder Investment Management Group bought a new position in Morningstar in the 4th quarter valued at $33,829,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Morningstar by 339.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 117,156 shares of the business services provider's stock worth $39,453,000 after purchasing an additional 90,466 shares in the last quarter. Institutional investors own 57.02% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 9,062 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total value of $2,557,749.50. Following the completion of the sale, the chairman now directly owns 10,038,270 shares of the company's stock, valued at $2,833,301,707.50. This represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 59,544 shares of company stock valued at $18,770,097. Company insiders own 36.20% of the company's stock.

Morningstar Trading Up 2.7 %

Shares of MORN opened at $272.96 on Wednesday. The stock's fifty day simple moving average is $294.30 and its 200-day simple moving average is $322.54. The firm has a market capitalization of $11.69 billion, a PE ratio of 36.06 and a beta of 1.16. Morningstar, Inc. has a 12-month low of $250.34 and a 12-month high of $365.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

Morningstar (NASDAQ:MORN - Get Free Report) last released 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. The company had revenue of $591.00 million for the quarter, compared to the consensus estimate of $580.81 million. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $0.455 dividend. The ex-dividend date is Friday, April 4th. This is a boost from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 0.67%. Morningstar's dividend payout ratio (DPR) is presently 21.24%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets cut their price target on Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a report 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.

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.

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