Barclays PLC lifted its holdings in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,469 shares of the business services provider's stock after acquiring an additional 4,906 shares during the period. Barclays PLC owned approximately 0.05% of Morningstar worth $7,230,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Morningstar by 178.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in Morningstar in the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new stake in Morningstar in the fourth quarter valued at approximately $40,000. V Square Quantitative Management LLC increased its holdings in shares of Morningstar by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock valued at $47,000 after acquiring an additional 46 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of Morningstar by 64.2% during the fourth quarter. Whittier Trust Co. now owns 271 shares of the business services provider's stock worth $91,000 after purchasing an additional 106 shares during the period. 57.02% of the stock is owned by institutional investors.
Insider Activity at Morningstar
In other news, Chairman Joseph D. Mansueto sold 3,635 shares of the firm's stock in a transaction 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 completion of the sale, the chairman now directly owns 10,142,694 shares of the company's stock, valued at $3,300,838,335.36. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 59,544 shares of company stock valued at $18,770,097. 36.20% of the stock is owned by insiders.
Analysts Set New Price Targets
MORN has been the topic of a number of recent research reports. StockNews.com cut Morningstar from a "buy" rating to a "hold" rating in a report on Friday, April 11th. BMO Capital Markets cut their target price on Morningstar from $387.00 to $370.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd.
Check Out Our Latest Analysis on MORN
Morningstar Stock Up 0.8 %
Shares of MORN traded up $2.39 during trading hours on Wednesday, reaching $284.72. The stock had a trading volume of 206,903 shares, compared to its average volume of 135,116. Morningstar, Inc. has a 12 month low of $250.34 and a 12 month high of $365.00. The firm has a 50-day simple moving average of $288.78 and a 200 day simple moving average of $320.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 37.61 and a beta of 1.16.
Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.13. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.
Morningstar Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $0.455 dividend. This is a positive change from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, April 4th. Morningstar's dividend payout ratio is presently 21.24%.
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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