Morningstar, Inc. (NASDAQ:MORN) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Morningstar, Inc. (NASDAQ:MORN) by 10.8% in the fourth quarter, Holdings Channel reports. The firm owned 5,614 shares of the business services provider’s stock after purchasing an additional 549 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Morningstar were worth $1,607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MORN. Harvest Fund Management Co. Ltd purchased a new stake in shares of Morningstar in the 3rd quarter valued at $42,000. Fifth Third Bancorp boosted its holdings in shares of Morningstar by 55.2% in the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 69 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Morningstar in the 3rd quarter valued at $48,000. CVA Family Office LLC purchased a new stake in shares of Morningstar in the 4th quarter valued at $65,000. Finally, CWM LLC boosted its holdings in shares of Morningstar by 42.7% in the 3rd quarter. CWM LLC now owns 284 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 85 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MORN. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

Morningstar Stock Performance

Shares of NASDAQ MORN opened at $287.46 on Friday. The company’s fifty day moving average price is $300.87 and its 200 day moving average price is $279.89. Morningstar, Inc. has a 1 year low of $163.28 and a 1 year high of $316.05. The company has a market capitalization of $12.29 billion, a PE ratio of 87.64 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 (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $542.80 million for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%.

Morningstar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, April 4th. Morningstar’s dividend payout ratio is presently 49.39%.

Insiders Place Their Bets

In other Morningstar news, Director Steven N. Kaplan sold 1,250 shares of the company’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 completion of the transaction, the director now directly owns 44,427 shares in the company, valued at $13,630,647.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Joseph D. Mansueto sold 7,470 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $277.23, for a total value of $2,070,908.10. Following the completion of the sale, the chairman now directly owns 10,927,151 shares in the company, valued at $3,029,334,071.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven N. Kaplan sold 1,250 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $306.81, for a total transaction of $383,512.50. Following the completion of the sale, the director now owns 44,427 shares of the company’s stock, valued at $13,630,647.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,544 shares of company stock worth $27,733,515. Company insiders own 39.90% of the company’s stock.

Morningstar Company Profile

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.