SG Americas Securities LLC reduced its holdings in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 68.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 639 shares of the business services provider's stock after selling 1,395 shares during the quarter. SG Americas Securities LLC's holdings in Morningstar were worth $215,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Morningstar in the third quarter worth about $30,000. Venturi Wealth Management LLC raised its position in shares of Morningstar by 101.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider's stock worth $39,000 after acquiring an additional 61 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Morningstar by 93.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 182 shares of the business services provider's stock valued at $58,000 after acquiring an additional 88 shares during the period. Point72 Hong Kong Ltd bought a new position in Morningstar in the 3rd quarter valued at approximately $58,000. Finally, Blue Trust Inc. increased its holdings in Morningstar by 125.2% in the 3rd quarter. Blue Trust Inc. now owns 250 shares of the business services provider's stock worth $74,000 after buying an additional 139 shares in the last quarter. 57.02% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $360.67.
Read Our Latest Stock Analysis on MORN
Insiders Place Their Bets
In other news, CFO Jason Dubinsky sold 3,223 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $352.88, for a total transaction of $1,137,332.24. Following the sale, the chief financial officer now directly owns 17,304 shares in the company, valued at approximately $6,106,235.52. This represents a 15.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joseph D. Mansueto sold 118 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $342.13, for a total transaction of $40,371.34. Following the completion of the transaction, the chairman now owns 10,788,378 shares of the company's stock, valued at $3,691,027,765.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,349 shares of company stock worth $8,392,159. 39.90% of the stock is owned by corporate insiders.
Morningstar Trading Down 1.0 %
Shares of Morningstar stock traded down $3.14 during mid-day trading on Tuesday, hitting $321.53. The stock had a trading volume of 107,759 shares, compared to its average volume of 111,236. The firm has a 50-day moving average of $335.77 and a two-hundred day moving average of $329.19. Morningstar, Inc. has a 12-month low of $269.51 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. The firm has a market cap of $13.79 billion, a P/E ratio of 42.47 and a beta of 1.20.
Morningstar Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be given a $0.455 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.82 dividend on an annualized basis and a yield of 0.57%. This is an increase from Morningstar's previous quarterly dividend of $0.41. Morningstar's dividend payout ratio (DPR) is presently 24.04%.
Morningstar Profile
(
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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