Hancock Whitney Corp Has $2.01 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

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Hancock Whitney Corp boosted its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,277 shares of the business services provider’s stock after buying an additional 224 shares during the quarter. Hancock Whitney Corp’s holdings in Morningstar were worth $2,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MORN. Squar Milner Financial Services LLC boosted its position in shares of Morningstar by 968.2% during the third quarter. Squar Milner Financial Services LLC now owns 235 shares of the business services provider’s stock worth $34,000 after purchasing an additional 213 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Morningstar during the third quarter worth $50,000. Point72 Asset Management L.P. bought a new position in shares of Morningstar during the third quarter worth $58,000. Signaturefd LLC boosted its position in shares of Morningstar by 46.7% during the third quarter. Signaturefd LLC now owns 405 shares of the business services provider’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Morningstar during the fourth quarter worth $105,000. 45.26% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub cut shares of Morningstar from a “hold” rating to a “sell” rating in a research report on Thursday.

In related news, major shareholder Joseph D. Mansueto sold 19,450 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $153.98, for a total value of $2,994,911.00. Also, Chairman Joseph D. Mansueto sold 11,071 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $150.74, for a total transaction of $1,668,842.54. Following the completion of the sale, the chairman now directly owns 21,021,118 shares in the company, valued at $3,168,723,327.32. The disclosure for this sale can be found here. Insiders sold a total of 162,380 shares of company stock worth $25,141,237 over the last ninety days. 54.10% of the stock is currently owned by insiders.

Shares of NASDAQ MORN opened at $158.24 on Friday. The company’s fifty day moving average is $156.12 and its 200-day moving average is $154.80. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 38.04 and a beta of 0.79. Morningstar, Inc. has a twelve month low of $116.99 and a twelve month high of $165.88. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.51.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 3rd were given a $0.30 dividend. This is a boost from Morningstar’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, January 2nd.

About Morningstar

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.

See Also: Closed-End Mutual Funds

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).

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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