228 Shares in Morningstar, Inc. (NASDAQ:MORN) Purchased by CVA Family Office LLC

CVA Family Office LLC purchased a new stake in Morningstar, Inc. (NASDAQ:MORNFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 228 shares of the business services provider’s stock, valued at approximately $65,000.

Several other hedge funds have also recently bought and sold shares of the stock. Morgan Stanley boosted its position in shares of Morningstar by 685.1% in the fourth quarter. Morgan Stanley now owns 1,219,174 shares of the business services provider’s stock valued at $264,061,000 after acquiring an additional 1,063,888 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Morningstar by 1,022.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 754,704 shares of the business services provider’s stock worth $147,975,000 after buying an additional 687,459 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Morningstar by 60.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,007,748 shares of the business services provider’s stock valued at $236,055,000 after purchasing an additional 380,391 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Morningstar by 43.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,254,599 shares of the business services provider’s stock valued at $245,989,000 after purchasing an additional 378,671 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Morningstar in the 3rd quarter valued at approximately $81,798,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Morningstar

In related news, Director Steven N. Kaplan sold 1,250 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $306.81, for a total transaction of $383,512.50. Following the transaction, the director now owns 44,427 shares in the company, valued at approximately $13,630,647.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Steven N. Kaplan sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $306.81, for a total transaction of $383,512.50. Following the transaction, the director now directly owns 44,427 shares of the company’s stock, valued at approximately $13,630,647.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Joseph D. Mansueto sold 6,926 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $279.39, for a total value of $1,935,055.14. Following the completion of the transaction, the chairman now owns 10,934,986 shares in the company, valued at approximately $3,055,125,738.54. The disclosure for this sale can be found here. Insiders sold a total of 95,544 shares of company stock valued at $27,733,515 in the last quarter. 39.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

View Our Latest Stock Report on MORN

Morningstar Trading Up 1.4 %

NASDAQ:MORN opened at $308.15 on Thursday. The firm has a market cap of $13.17 billion, a P/E ratio of 93.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. Morningstar, Inc. has a 52 week low of $163.28 and a 52 week high of $316.05. The firm’s fifty day moving average is $290.33 and its 200-day moving average is $271.03.

Morningstar (NASDAQ:MORNGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.97 earnings per share for the quarter. Morningstar had a return on equity of 18.54% and a net margin of 6.92%. The firm had revenue of $538.70 million during the quarter.

Morningstar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 4th. Morningstar’s payout ratio is 49.39%.

About Morningstar

(Free Report)

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.

Further Reading

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:MORNFree Report).

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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