Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 21.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,542 shares of the business services provider’s stock after selling 694 shares during the quarter. Hsbc Holdings PLC’s holdings in Morningstar were worth $751,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MORN. Versant Capital Management Inc increased its position in Morningstar by 21.9% during the 2nd quarter. Versant Capital Management Inc now owns 245 shares of the business services provider’s stock worth $72,000 after purchasing an additional 44 shares during the period. Legacy Advisors LLC grew its holdings in Morningstar by 1.6% during the second quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock worth $895,000 after acquiring an additional 49 shares during the period. GAMMA Investing LLC lifted its holdings in Morningstar by 38.6% in the second 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. Great Valley Advisor Group Inc. boosted its position in shares of Morningstar by 7.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider’s stock worth $223,000 after purchasing an additional 51 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Morningstar by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 196 shares of the business services provider’s stock worth $58,000 after purchasing an additional 54 shares during the period. 57.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a report on Wednesday, August 28th.

Morningstar Stock Down 0.2 %

MORN opened at $317.27 on Monday. 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 company has a market cap of $13.56 billion, a price-to-earnings ratio of 64.09 and a beta of 1.18. Morningstar, Inc. has a one year low of $219.45 and a one year high of $330.22. The business’s fifty day moving average is $312.80 and its two-hundred day moving average is $303.43.

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

Morningstar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.51%. Morningstar’s dividend payout ratio (DPR) is 32.73%.

Insider Buying and Selling

In other Morningstar news, CFO Jason Dubinsky sold 3,400 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $300.11, for a total transaction of $1,020,374.00. Following the sale, the chief financial officer now owns 20,181 shares in the company, valued at approximately $6,056,519.91. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Morningstar news, CRO Daniel Joseph Dunn sold 1,600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $320.89, for a total value of $513,424.00. Following the transaction, the executive now directly owns 12,967 shares in the company, valued at approximately $4,160,980.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jason Dubinsky sold 3,400 shares of Morningstar stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $300.11, for a total transaction of $1,020,374.00. Following the sale, the chief financial officer now owns 20,181 shares of the company’s stock, valued at $6,056,519.91. The disclosure for this sale can be found here. Insiders sold 62,191 shares of company stock worth $19,182,206 in the last ninety days. Insiders own 39.90% of the company’s stock.

About Morningstar

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.