Blair William & Co. IL Has $1.26 Million Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Blair William & Co. IL reduced its stake in Morningstar, Inc. (NASDAQ:MORN) by 5.5% during the first quarter, Holdings Channel.com reports. The fund owned 6,210 shares of the business services provider’s stock after selling 361 shares during the period. Blair William & Co. IL’s holdings in Morningstar were worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in Morningstar by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,489 shares of the business services provider’s stock valued at $406,000 after buying an additional 130 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Morningstar in the first quarter valued at approximately $425,000. MetLife Investment Management LLC acquired a new position in Morningstar in the first quarter valued at approximately $387,000. BlackRock Inc. lifted its stake in Morningstar by 1.6% in the first quarter. BlackRock Inc. now owns 1,069,710 shares of the business services provider’s stock valued at $292,213,000 after buying an additional 16,952 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in Morningstar by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 1,871 shares of the business services provider’s stock valued at $540,000 after buying an additional 80 shares during the period. 57.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Morningstar in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.

Morningstar Price Performance

Shares of MORN opened at $251.48 on Friday. Morningstar, Inc. has a 52-week low of $163.28 and a 52-week high of $259.28. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $218.30 and its two-hundred day moving average price is $205.78. The firm has a market cap of $10.73 billion, a PE ratio of 474.50 and a beta of 1.15.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.60 earnings per share (EPS) for the quarter. The firm had revenue of $504.70 million for the quarter. Morningstar had a return on equity of 12.16% and a net margin of 1.18%.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 7th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.50 annualized dividend and a dividend yield of 0.60%. Morningstar’s dividend payout ratio is 283.02%.

Insider Activity

In other news, Chairman Joseph D. Mansueto sold 12,650 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $194.47, for a total transaction of $2,460,045.50. Following the completion of the sale, the chairman now owns 11,329,887 shares in the company, valued at $2,203,323,124.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Chairman Joseph D. Mansueto sold 3,423 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $204.63, for a total transaction of $700,448.49. Following the completion of the sale, the chairman now owns 11,396,582 shares in the company, valued at $2,332,082,574.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Joseph D. Mansueto sold 12,650 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $194.47, for a total value of $2,460,045.50. Following the transaction, the chairman now owns 11,329,887 shares in the company, valued at $2,203,323,124.89. The disclosure for this sale can be found here. Insiders sold a total of 173,418 shares of company stock worth $37,050,814 over the last quarter. 39.90% of the stock is currently owned by corporate insiders.

Morningstar Profile

Morningstar, Inc provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans.