Bank of Montreal Can raised its position in Morningstar, Inc. (NASDAQ:MORN) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,619 shares of the business services provider’s stock after purchasing an additional 195 shares during the quarter. Bank of Montreal Can’s holdings in Morningstar were worth $2,983,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Allianz Asset Management GmbH boosted its holdings in Morningstar by 3.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 2,308 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 72 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in Morningstar in the 2nd quarter valued at about $257,000. Miracle Mile Advisors LLC boosted its holdings in Morningstar by 14.8% in the 2nd quarter. Miracle Mile Advisors LLC now owns 27,145 shares of the business services provider’s stock valued at $3,926,000 after purchasing an additional 3,494 shares during the last quarter. Commerce Bank boosted its holdings in Morningstar by 39.9% in the 2nd quarter. Commerce Bank now owns 2,965 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 846 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Morningstar by 1.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 681,154 shares of the business services provider’s stock valued at $97,555,000 after purchasing an additional 11,227 shares during the last quarter. Institutional investors own 43.98% of the company’s stock.
Shares of MORN stock opened at $156.13 on Friday. The firm’s 50 day moving average price is $155.85 and its 200-day moving average price is $141.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. Morningstar, Inc. has a one year low of $99.67 and a one year high of $162.53. The firm has a market cap of $6.85 billion, a P/E ratio of 41.38 and a beta of 0.81.
Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.98 EPS for the quarter. Morningstar had a net margin of 16.52% and a return on equity of 17.36%. The firm had revenue of $273.90 million for the quarter.
In other news, Chairman Joseph D. Mansueto sold 8,582 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $146.08, for a total value of $1,253,658.56. Following the transaction, the chairman now directly owns 21,771,072 shares in the company, valued at approximately $3,180,318,197.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph D. Mansueto sold 10,647 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.01, for a total transaction of $1,543,921.47. Following the completion of the transaction, the insider now owns 21,898,379 shares in the company, valued at $3,175,483,938.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 402,612 shares of company stock worth $60,789,401. Company insiders own 54.10% of the company’s stock.
Separately, BidaskClub lowered shares of Morningstar from a “strong-buy” rating to a “buy” rating in a report on Wednesday.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
Featured Article: Which market index is the best?
Want to see what other hedge funds are holding MORN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morningstar, Inc. (NASDAQ:MORN).
Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.