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.
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.
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.
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