Russell Investments Group Ltd. cut its stake in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,331 shares of the business services provider's stock after selling 4,051 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Morningstar worth $6,392,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MORN. GAMMA Investing LLC acquired a new stake in Morningstar during the fourth quarter worth approximately $35,000. Harvest Fund Management Co. Ltd acquired a new position in Morningstar in the third quarter valued at $42,000. Fifth Third Bancorp grew its holdings in shares of Morningstar by 55.2% during the third quarter. Fifth Third Bancorp now owns 194 shares of the business services provider's stock worth $45,000 after purchasing an additional 69 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Morningstar during the fourth quarter worth about $65,000. Finally, CWM LLC lifted its holdings in shares of Morningstar by 14.1% in the 4th quarter. CWM LLC now owns 324 shares of the business services provider's stock valued at $93,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on MORN shares. TheStreet upgraded Morningstar from a "c" rating to a "b" rating in a research note on Friday, February 23rd. StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Thursday, February 29th.
Read Our Latest Report on Morningstar
Insider Buying and Selling
In other Morningstar news, Chairman Joseph D. Mansueto sold 134 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $300.43, for a total transaction of $40,257.62. Following the transaction, the chairman now owns 10,726,348 shares in the company, valued at approximately $3,222,516,729.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 134 shares of the business's stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $300.43, for a total transaction of $40,257.62. Following the sale, the chairman now directly owns 10,726,348 shares in the company, valued at approximately $3,222,516,729.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 7,668 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $278.69, for a total transaction of $2,136,994.92. Following the completion of the transaction, the chairman now owns 10,916,191 shares of the company's stock, valued at approximately $3,042,233,269.79. The disclosure for this sale can be found here. Insiders sold 106,047 shares of company stock valued at $31,023,348 over the last ninety days. Corporate insiders own 37.70% of the company's stock.
Morningstar Stock Performance
MORN traded up $3.22 on Thursday, hitting $299.16. 69,379 shares of the company traded hands, compared to its average volume of 124,830. The company has a 50 day moving average of $302.11 and a 200-day moving average of $284.14. Morningstar, Inc. has a 12-month low of $185.15 and a 12-month high of $316.05. The stock has a market capitalization of $12.79 billion, a PE ratio of 60.44 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66.
Morningstar (NASDAQ:MORN - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%. The business had revenue of $542.80 million during the quarter.
Morningstar Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a dividend of $0.405 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. Morningstar's dividend payout ratio (DPR) is 32.73%.
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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