Graham Capital Management L.P. acquired a new stake in Morningstar, Inc. (NASDAQ:MORN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,774 shares of the business services provider's stock, valued at approximately $597,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MORN. Ethic Inc. boosted its stake in shares of Morningstar by 10.9% in the fourth quarter. Ethic Inc. now owns 2,578 shares of the business services provider's stock valued at $868,000 after buying an additional 253 shares during the period. Deutsche Bank AG raised its holdings in Morningstar by 2.4% in the 4th quarter. Deutsche Bank AG now owns 1,798 shares of the business services provider's stock valued at $605,000 after acquiring an additional 42 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Morningstar during the 4th quarter valued at $836,000. Corton Capital Inc. bought a new stake in shares of Morningstar during the 4th quarter valued at $206,000. Finally, Cetera Investment Advisers grew its holdings in shares of Morningstar by 8.0% during the 4th quarter. Cetera Investment Advisers now owns 2,077 shares of the business services provider's stock worth $699,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company's stock.
Insider Activity at Morningstar
In other Morningstar news, Chairman Joseph D. Mansueto sold 8,393 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $327.89, for a total value of $2,751,980.77. Following the completion of the transaction, the chairman now owns 10,096,098 shares of the company's stock, valued at $3,310,409,573.22. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 72,697 shares of company stock valued at $22,471,348 in the last quarter. Insiders own 36.20% of the company's stock.
Morningstar Trading Up 1.2%
Shares of MORN opened at $310.06 on Friday. 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 firm has a market cap of $13.10 billion, a price-to-earnings ratio of 40.96 and a beta of 0.99. The business's fifty day moving average is $287.53 and its 200-day moving average is $317.43.
Morningstar (NASDAQ:MORN - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.10 by $0.13. The firm had revenue of $581.90 million for the quarter, compared to analysts' expectations of $589.07 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.
Morningstar Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 0.59%. This is a boost from Morningstar's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, April 4th. Morningstar's dividend payout ratio is currently 20.45%.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. BMO Capital Markets raised their price target on Morningstar from $339.00 to $355.00 and gave the stock an "outperform" rating in a research report on Monday. StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a report on Friday, May 2nd.
Check Out Our Latest Research Report on MORN
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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