1,850 Shares in Morningstar, Inc. (NASDAQ:MORN) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,850 shares of the business services provider’s stock, valued at approximately $530,000.

A number of other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Morningstar by 326.9% during the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after purchasing an additional 85 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Morningstar in the 2nd quarter worth approximately $35,000. DT Investment Partners LLC bought a new position in shares of Morningstar in the second quarter valued at approximately $36,000. Acadian Asset Management LLC increased its position in shares of 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 acquiring an additional 62 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Morningstar by 38.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock worth $54,000 after purchasing an additional 51 shares during the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Trading Up 0.5 %

Shares of Morningstar stock opened at $344.28 on Wednesday. The stock has a market capitalization of $14.72 billion, a P/E ratio of 69.55 and a beta of 1.19. Morningstar, Inc. has a 52-week low of $219.45 and a 52-week high of $349.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50-day simple moving average is $316.16 and its 200 day simple moving average is $305.29.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) for the quarter. The company had revenue of $571.90 million for the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%.

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, October 4th. Morningstar’s payout ratio is currently 32.73%.

Analyst Ratings Changes

MORN has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research note on Wednesday, August 28th. UBS Group assumed coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 target price on the stock. Finally, Redburn Atlantic lowered shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target for the company. in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Morningstar currently has an average rating of “Moderate Buy” and a consensus price target of $360.67.

Insider Transactions at Morningstar

In related news, Director William M. Lyons sold 750 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Joseph D. Mansueto sold 8,056 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $305.95, for a total transaction of $2,464,733.20. Following the completion of the transaction, the chairman now directly owns 10,517,257 shares in the company, valued at $3,217,754,779.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $316.48, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 59,541 shares of company stock valued at $18,399,192 over the last three months. Company insiders own 39.90% of the company’s stock.

Morningstar 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.