Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Bank of Stockton

Bank of Stockton lowered its holdings in Morningstar, Inc. (NASDAQ:MORN) by 17.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 760 shares of the business services provider’s stock after selling 164 shares during the period. Bank of Stockton’s holdings in Morningstar were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Morningstar during the third quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in shares of Morningstar by 326.9% during the 2nd quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 85 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Morningstar in the second quarter worth $35,000. DT Investment Partners LLC purchased a new stake in shares of Morningstar during the second quarter worth $36,000. Finally, Acadian Asset Management LLC boosted its position in Morningstar by 73.8% during the second quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MORN shares. UBS Group assumed coverage on Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th. Finally, Redburn Atlantic cut Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target on the stock. in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $360.67.

Morningstar Trading Up 0.4 %

Shares of MORN stock traded up $1.29 on Friday, reaching $332.63. The company had a trading volume of 18,888 shares, compared to its average volume of 114,104. The company has a 50-day moving average of $320.98 and a 200-day moving average of $307.06. Morningstar, Inc. has a 12 month low of $226.00 and a 12 month high of $349.07. The stock has a market cap of $14.25 billion, a PE ratio of 58.03 and a beta of 1.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.01). The business had revenue of $569.40 million for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%.

Morningstar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.62 annualized dividend and a yield of 0.49%. Morningstar’s payout ratio is currently 28.37%.

Insider Activity at Morningstar

In related news, Director William M. Lyons sold 750 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $316.48, for a total transaction of $237,360.00. Following the completion of the transaction, the director now directly owns 13,590 shares of the company’s stock, valued at approximately $4,300,963.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Joseph D. Mansueto sold 1,144 shares of Morningstar stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $317.03, for a total value of $362,682.32. Following the completion of the transaction, the chairman now owns 10,640,768 shares of the company’s stock, valued at $3,373,442,679.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William M. Lyons sold 750 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $316.48, for a total transaction of $237,360.00. Following the completion of the sale, the director now directly owns 13,590 shares in the company, valued at approximately $4,300,963.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,541 shares of company stock valued at $18,399,192. 39.90% of the stock is owned by insiders.

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.