Raymond James & Associates Purchases 3,599 Shares of Morningstar, Inc. (NASDAQ:MORN)

Raymond James & Associates increased its stake in Morningstar, Inc. (NASDAQ:MORNGet Rating) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,348 shares of the business services provider’s stock after acquiring an additional 3,599 shares during the period. Raymond James & Associates’ holdings in Morningstar were worth $3,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Morningstar by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 2,403,202 shares of the business services provider’s stock valued at $656,482,000 after acquiring an additional 129,956 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Morningstar by 1.6% in the 1st quarter. BlackRock Inc. now owns 1,069,710 shares of the business services provider’s stock valued at $292,213,000 after acquiring an additional 16,952 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Morningstar by 7.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 787,356 shares of the business services provider’s stock valued at $190,407,000 after acquiring an additional 53,747 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Morningstar by 11.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 485,276 shares of the business services provider’s stock valued at $117,354,000 after acquiring an additional 50,191 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Morningstar by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 415,570 shares of the business services provider’s stock valued at $113,521,000 after acquiring an additional 4,670 shares during the last quarter. Institutional investors own 54.79% of the company’s stock.

Morningstar Trading Down 1.1 %

MORN opened at $240.27 on Thursday. The business has a 50 day simple moving average of $231.93 and a two-hundred day simple moving average of $232.63. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 84.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. Morningstar, Inc. has a one year low of $207.11 and a one year high of $298.51.

Morningstar (NASDAQ:MORNGet Rating) last posted its earnings results on Wednesday, October 26th. The business services provider reported $0.77 earnings per share for the quarter. Morningstar had a return on equity of 15.90% and a net margin of 6.66%. The firm had revenue of $468.20 million for the quarter.

Morningstar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a dividend of $0.375 per share. This is an increase from Morningstar’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.62%. Morningstar’s dividend payout ratio is 52.63%.

Insiders Place Their Bets

In other Morningstar news, Chairman Joseph D. Mansueto sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $249.69, for a total transaction of $1,348,326.00. Following the transaction, the chairman now owns 12,412,078 shares in the company, valued at approximately $3,099,171,755.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Joseph D. Mansueto sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $249.69, for a total value of $1,348,326.00. Following the sale, the chairman now owns 12,412,078 shares in the company, valued at approximately $3,099,171,755.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 14,500 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $214.43, for a total value of $3,109,235.00. Following the completion of the sale, the chairman now owns 11,715,230 shares in the company, valued at approximately $2,512,096,768.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,839 shares of company stock worth $23,279,611. Company insiders own 41.90% of the company’s stock.

Wall Street Analyst Weigh In

MORN has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on Morningstar in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Redburn Partners lowered Morningstar from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 11th.

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.

Featured Articles

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:MORNGet Rating).

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.