Legal & General Group Plc reduced its position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,245 shares of the business services provider's stock after selling 4,817 shares during the period. Legal & General Group Plc owned 0.11% of Morningstar worth $15,573,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Morningstar by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,626 shares of the business services provider's stock worth $1,895,000 after purchasing an additional 37 shares during the period. Versant Capital Management Inc boosted its stake in Morningstar by 15.9% in the 4th quarter. Versant Capital Management Inc now owns 285 shares of the business services provider's stock worth $96,000 after buying an additional 39 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Morningstar by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock valued at $47,000 after purchasing an additional 46 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Morningstar by 178.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock worth $26,000 after buying an additional 50 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Morningstar by 13.1% in the 4th quarter. UMB Bank n.a. now owns 467 shares of the business services provider's stock worth $157,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 57.02% of the company's stock.
Morningstar Stock Up 0.7 %
Shares of NASDAQ MORN traded up $1.82 during midday trading on Friday, reaching $277.19. 190,959 shares of the company's stock were exchanged, compared to its average volume of 132,521. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar, Inc. has a 52-week low of $250.34 and a 52-week high of $365.00. The business's fifty day moving average price is $296.50 and its two-hundred day moving average price is $323.19. The stock has a market capitalization of $11.87 billion, a PE ratio of 36.62 and a beta of 1.16.
Morningstar (NASDAQ:MORN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.15. The firm had revenue of $591.00 million during the quarter, compared to analyst estimates of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.
Morningstar Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $0.455 dividend. The ex-dividend date is Friday, April 4th. This is an increase from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.66%. Morningstar's dividend payout ratio (DPR) is currently 21.24%.
Analyst Ratings Changes
MORN has been the topic of several research reports. StockNews.com lowered shares of Morningstar from a "buy" rating to a "hold" rating in a report on Friday, April 11th. BMO Capital Markets decreased their price target on shares of Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd.
Read Our Latest Research Report on MORN
Insider Buying and Selling at Morningstar
In other Morningstar news, Chairman Joseph D. Mansueto sold 1,716 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $327.89, for a total transaction of $562,659.24. Following the transaction, the chairman now owns 10,151,120 shares of the company's stock, valued at approximately $3,328,450,736.80. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 59,544 shares of company stock valued at $18,770,097 in the last ninety days. Company insiders own 39.90% of the company's stock.
Morningstar Company Profile
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Free Report)
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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