Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 9.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,262 shares of the business services provider’s stock after selling 855 shares during the quarter. Pathstone Holdings LLC’s holdings in Morningstar were worth $2,636,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MORN. O Shaughnessy Asset Management LLC increased its position in shares of Morningstar by 18.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,622 shares of the business services provider’s stock worth $500,000 after purchasing an additional 253 shares in the last quarter. Tidal Investments LLC purchased a new stake in Morningstar in the first quarter valued at approximately $1,207,000. Virtu Financial LLC acquired a new stake in shares of Morningstar in the first quarter valued at approximately $406,000. Cetera Advisors LLC purchased a new position in shares of Morningstar during the first quarter worth approximately $309,000. Finally, GAMMA Investing LLC increased its holdings in shares of Morningstar by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 51 shares during the period. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Stock Up 1.9 %

Shares of NASDAQ:MORN opened at $352.76 on Tuesday. Morningstar, Inc. has a fifty-two week low of $269.51 and a fifty-two week high of $352.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The firm’s 50-day simple moving average is $333.21 and its 200-day simple moving average is $313.55. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 46.60 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). The business had revenue of $569.40 million during the quarter. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s payout ratio is 21.40%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group initiated coverage on shares of Morningstar in a research note on Tuesday, October 8th. They set a “buy” rating and a $390.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and set a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. 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. Finally, StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $360.67.

Insider Buying and Selling at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 275 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $336.67, for a total value of $92,584.25. Following the completion of the transaction, the chairman now directly owns 10,788,103 shares of the company’s stock, valued at approximately $3,632,030,637.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $331.88, for a total transaction of $248,910.00. Following the sale, the director now owns 12,840 shares of the company’s stock, valued at approximately $4,261,339.20. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,817 shares of company stock valued at $18,453,128. 37.70% of the stock is owned by company insiders.

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.