Segall Bryant & Hamill LLC boosted its position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 8.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,832 shares of the business services provider's stock after purchasing an additional 2,927 shares during the period. Segall Bryant & Hamill LLC owned about 0.09% of Morningstar worth $12,404,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Morningstar by 2.1% in the third quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider's stock valued at $158,772,000 after acquiring an additional 10,437 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Morningstar by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider's stock valued at $61,196,000 after purchasing an additional 5,045 shares in the last quarter. Quantbot Technologies LP raised its position in Morningstar by 259.3% in the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider's stock valued at $4,394,000 after purchasing an additional 9,937 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in Morningstar in the fourth quarter worth $468,000. Finally, Oak Thistle LLC grew its holdings in shares of Morningstar by 194.9% during the fourth quarter. Oak Thistle LLC now owns 4,276 shares of the business services provider's stock worth $1,440,000 after purchasing an additional 2,826 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Morningstar
In other news, Chairman Joseph D. Mansueto sold 3,635 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $325.44, for a total value of $1,182,974.40. Following the completion of the sale, the chairman now directly owns 10,142,694 shares of the company's stock, valued at $3,300,838,335.36. This represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 59,544 shares of company stock valued at $18,770,097. 39.90% of the stock is currently owned by insiders.
Morningstar Trading Down 2.0 %
Shares of MORN stock traded down $5.90 on Friday, reaching $296.11. 188,827 shares of the stock were exchanged, compared to its average volume of 126,501. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a one year low of $278.64 and a one year high of $365.00. The stock has a market cap of $12.69 billion, a PE ratio of 39.12 and a beta of 1.23. The stock has a 50 day moving average price of $313.34 and a 200 day moving average price of $328.01.
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, topping the consensus estimate of $1.99 by $0.15. The firm had revenue of $591.00 million during the quarter, compared to analysts' expectations of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.
Morningstar Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a $0.455 dividend. This is a positive change from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, April 4th. Morningstar's dividend payout ratio is currently 21.24%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MORN. StockNews.com cut Morningstar from a "buy" rating to a "hold" rating in a report on Wednesday. BMO Capital Markets dropped their target price on shares of Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd.
View Our Latest Report on MORN
About Morningstar
(
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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