Tribune Investment Group LP purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,000 shares of the business services provider's stock, valued at approximately $5,388,000. Morningstar comprises about 3.0% of Tribune Investment Group LP's investment portfolio, making the stock its 14th biggest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mariner LLC raised its stake in shares of Morningstar by 10.7% during the fourth quarter. Mariner LLC now owns 1,705 shares of the business services provider's stock worth $574,000 after buying an additional 165 shares during the last quarter. Barclays PLC increased its stake in Morningstar by 29.6% during the 4th quarter. Barclays PLC now owns 21,469 shares of the business services provider's stock worth $7,230,000 after purchasing an additional 4,906 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Morningstar by 0.3% during the fourth quarter. Townsquare Capital LLC now owns 42,075 shares of the business services provider's stock worth $14,169,000 after acquiring an additional 116 shares in the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in shares of Morningstar during the fourth quarter worth $2,189,000. Finally, Covestor Ltd lifted its position in Morningstar by 14.6% in the 4th quarter. Covestor Ltd now owns 416 shares of the business services provider's stock valued at $140,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company's stock.
Insider Activity at Morningstar
In other news, Chairman Joseph D. Mansueto sold 3,635 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $325.44, for a total transaction of $1,182,974.40. Following the transaction, the chairman now owns 10,142,694 shares in the company, valued at approximately $3,300,838,335.36. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 59,544 shares of company stock worth $18,770,097. Company insiders own 39.90% of the company's stock.
Morningstar Stock Up 0.7 %
MORN traded up $1.82 on Friday, hitting $277.19. 190,959 shares of the company 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. The stock's fifty day moving average is $296.50 and its 200-day moving average is $323.19. The company has a market cap of $11.87 billion, a PE ratio of 36.62 and a beta of 1.16. Morningstar, Inc. has a 12 month low of $250.34 and a 12 month high of $365.00.
Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $1.99 by $0.15. The company had revenue of $591.00 million during the quarter, compared to the consensus estimate 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.455 per share. This is an increase from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, April 4th. Morningstar's payout ratio is currently 21.24%.
Analyst Ratings Changes
A number of research analysts recently issued reports on MORN shares. StockNews.com downgraded 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 note on Monday, March 3rd.
Read Our Latest Report on Morningstar
Morningstar Company 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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