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BNP Paribas Financial Markets Sells 1,650 Shares of Morningstar, Inc. (NASDAQ:MORN)

Morningstar logo with Business Services background

BNP Paribas Financial Markets lowered its holdings in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 27.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,333 shares of the business services provider's stock after selling 1,650 shares during the period. BNP Paribas Financial Markets' holdings in Morningstar were worth $1,459,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Morningstar in the fourth quarter valued at approximately $111,694,000. Premier Fund Managers Ltd acquired a new stake in shares of Morningstar in the fourth quarter valued at approximately $50,694,000. Wellington Management Group LLP increased its stake in shares of Morningstar by 13.7% in the fourth 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 during the period. Schroder Investment Management Group acquired a new stake in shares of Morningstar in the fourth quarter valued at approximately $33,829,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Morningstar by 339.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 117,156 shares of the business services provider's stock valued at $39,453,000 after purchasing an additional 90,466 shares during the period. Institutional investors own 57.02% of the company's stock.

Insiders Place Their Bets

In other Morningstar news, Director Caroline J. Tsay sold 200 shares of Morningstar stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $309.84, for a total transaction of $61,968.00. Following the transaction, the director now directly owns 4,345 shares in the company, valued at approximately $1,346,254.80. The trade was a 4.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 5,103 shares of Morningstar stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $310.08, for a total transaction of $1,582,338.24. Following the transaction, the chairman now owns 9,437,628 shares in the company, valued at approximately $2,926,419,690.24. The trade was a 0.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,045 shares of company stock worth $22,867,523. 36.20% of the stock is owned by insiders.

Morningstar Price Performance

Morningstar stock traded down $2.55 during mid-day trading on Friday, hitting $304.12. The company's stock had a trading volume of 115,052 shares, compared to its average volume of 142,564. 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 stock has a market capitalization of $12.85 billion, a P/E ratio of 40.17 and a beta of 0.99. Morningstar, Inc. has a twelve month low of $250.34 and a twelve month high of $365.00. The stock's fifty day moving average price is $289.99 and its two-hundred day moving average price is $316.27.

Morningstar (NASDAQ:MORN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.13. The firm had revenue of $581.90 million for the quarter, compared to analyst estimates of $589.07 million. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were given a $0.455 dividend. This is a positive change from Morningstar's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.82 annualized dividend and a yield of 0.60%. Morningstar's payout ratio is 20.45%.

Analyst Ratings Changes

A number of research firms recently commented on MORN. Wall Street Zen upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd. BMO Capital Markets raised their price objective on shares of Morningstar from $339.00 to $355.00 and gave the company an "outperform" rating in a research note on Monday, May 12th.

Get Our Latest Stock Analysis on Morningstar

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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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