DekaBank Deutsche Girozentrale Purchases 516 Shares of Morningstar, Inc. (NASDAQ:MORN)

DekaBank Deutsche Girozentrale boosted its position in shares of Morningstar, Inc. (NASDAQ:MORNGet Rating) by 21.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,900 shares of the business services provider’s stock after purchasing an additional 516 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Morningstar were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its stake in shares of Morningstar by 9.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,401 shares of the business services provider’s stock valued at $3,557,000 after acquiring an additional 856 shares during the last quarter. Sei Investments Co. increased its stake in shares of Morningstar by 2.7% in the 4th quarter. Sei Investments Co. now owns 76,773 shares of the business services provider’s stock valued at $26,146,000 after acquiring an additional 2,045 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Morningstar by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 319,041 shares of the business services provider’s stock valued at $109,108,000 after acquiring an additional 11,178 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of Morningstar in the 4th quarter valued at about $51,000. Finally, Baird Financial Group Inc. bought a new stake in shares of Morningstar in the 4th quarter valued at about $263,000. 54.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th.

Morningstar Price Performance

Shares of MORN opened at $248.79 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day simple moving average of $240.69 and a 200 day simple moving average of $263.38. Morningstar, Inc. has a 52-week low of $218.25 and a 52-week high of $350.21. The firm has a market capitalization of $10.63 billion, a PE ratio of 58.54 and a beta of 1.14.

Morningstar (NASDAQ:MORNGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter. Morningstar had a return on equity of 19.08% and a net margin of 10.46%. The business had revenue of $457.00 million during the quarter.

Morningstar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, June 30th. Morningstar’s dividend payout ratio (DPR) is currently 33.88%.

Insiders Place Their Bets

In other Morningstar news, Chairman Joseph D. Mansueto sold 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $226.60, for a total transaction of $3,285,700.00. Following the completion of the transaction, the chairman now owns 12,437,745 shares of the company’s stock, valued at approximately $2,818,393,017. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Morningstar news, Director Robin Diamonte sold 600 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $241.00, for a total transaction of $144,600.00. Following the completion of the transaction, the director now owns 8,467 shares of the company’s stock, valued at approximately $2,040,547. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joseph D. Mansueto sold 14,500 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $226.60, for a total value of $3,285,700.00. Following the completion of the sale, the chairman now directly owns 12,437,745 shares of the company’s stock, valued at approximately $2,818,393,017. The disclosure for this sale can be found here. Insiders sold a total of 109,599 shares of company stock valued at $26,695,186 in the last quarter. 45.70% of the stock is currently owned by insiders.

Morningstar Company Profile

(Get Rating)

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, 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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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