Morningstar, Inc. $MORN Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 27.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,570 shares of the business services provider’s stock after selling 11,222 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.07% of Morningstar worth $6,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Morningstar by 23.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 34 shares during the period. Cardinal Capital Management lifted its holdings in shares of Morningstar by 0.3% in the third quarter. Cardinal Capital Management now owns 13,902 shares of the business services provider’s stock valued at $3,225,000 after buying an additional 48 shares during the period. Claret Asset Management Corp boosted its stake in Morningstar by 7.4% during the second quarter. Claret Asset Management Corp now owns 744 shares of the business services provider’s stock valued at $233,000 after buying an additional 51 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Morningstar by 54.2% during the third quarter. Clearstead Advisors LLC now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 58 shares during the period. Finally, Ballentine Partners LLC grew its holdings in Morningstar by 3.5% during the third quarter. Ballentine Partners LLC now owns 1,932 shares of the business services provider’s stock worth $448,000 after acquiring an additional 66 shares during the period. Institutional investors own 57.02% of the company’s stock.

Insider Buying and Selling at Morningstar

In other Morningstar news, CFO Michael Holt acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $186.59 per share, for a total transaction of $186,590.00. Following the transaction, the chief financial officer owned 9,480 shares of the company’s stock, valued at $1,768,873.20. The trade was a 11.79% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joseph D. Mansueto sold 3,122 shares of Morningstar stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $182.32, for a total value of $569,203.04. Following the transaction, the chairman directly owned 8,138,232 shares in the company, valued at approximately $1,483,762,458.24. This trade represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 85,243 shares of company stock valued at $14,219,154. 36.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MORN. Weiss Ratings raised shares of Morningstar from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 26th. Wall Street Zen raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group set a $280.00 target price on shares of Morningstar in a report on Friday, February 13th. Finally, BMO Capital Markets decreased their price target on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.50.

Morningstar Stock Performance

Shares of MORN opened at $186.88 on Thursday. The company has a 50-day moving average of $193.08 and a two-hundred day moving average of $216.03. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 20.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.99. Morningstar, Inc. has a one year low of $149.08 and a one year high of $316.71.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Thursday, February 12th. The business services provider reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.37. Morningstar had a net margin of 15.30% and a return on equity of 27.94%. The business had revenue of $641.10 million for the quarter, compared to analyst estimates of $634.43 million.

Morningstar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 2nd will be issued a $0.50 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Morningstar’s dividend payout ratio is presently 22.45%.

Morningstar Company Profile

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.