Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 62.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,286 shares of the business services provider's stock after selling 3,808 shares during the quarter. Jump Financial LLC's holdings in Morningstar were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MORN. Smith Group Asset Management LLC purchased a new stake in shares of Morningstar during the fourth quarter worth approximately $468,000. Oak Thistle LLC grew its holdings in Morningstar by 194.9% during the 4th quarter. Oak Thistle LLC now owns 4,276 shares of the business services provider's stock worth $1,440,000 after acquiring an additional 2,826 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Morningstar by 29.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,073 shares of the business services provider's stock worth $361,000 after acquiring an additional 244 shares in the last quarter. Barclays PLC grew its holdings in Morningstar by 19.9% during the 3rd quarter. Barclays PLC now owns 16,563 shares of the business services provider's stock worth $5,286,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Morningstar by 3.5% during the 4th quarter. Nordea Investment Management AB now owns 57,505 shares of the business services provider's stock worth $19,506,000 after acquiring an additional 1,963 shares in the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MORN. StockNews.com cut shares of Morningstar from a "buy" rating to a "hold" rating in a report on Friday, April 11th. BMO Capital Markets lowered their price target on shares of Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a report on Monday, March 3rd.

Morningstar Stock Down 0.7 %

Shares of Morningstar stock traded down $1.89 during trading hours on Monday, hitting $278.74. The company had a trading volume of 186,873 shares, compared to its average volume of 133,996. The company's 50-day moving average is $290.43 and its two-hundred day moving average is $320.99. Morningstar, Inc. has a twelve month low of $250.34 and a twelve month high of $365.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $11.94 billion, a P/E ratio of 36.82 and a beta of 1.16.

Morningstar (NASDAQ:MORN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.15. Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The business had revenue of $591.00 million during the quarter, compared to analysts' expectations of $580.81 million.

Morningstar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $0.455 dividend. This is a boost from Morningstar's previous quarterly dividend of $0.41. The ex-dividend date is Friday, April 4th. This represents a $1.82 annualized dividend and a dividend yield of 0.65%. Morningstar's dividend payout ratio is presently 21.24%.

Insider Activity

In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $282.25, for a total transaction of $2,557,749.50. Following the completion of the sale, the chairman now owns 10,038,270 shares in the company, valued at $2,833,301,707.50. This represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 59,544 shares of company stock worth $18,770,097. Corporate insiders own 36.20% of the company's stock.

Morningstar Company Profile

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.