Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Morningstar, Inc. (NASDAQ:MORN) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,904 shares of the business services provider’s stock after selling 367 shares during the period. Mutual of America Capital Management LLC’s holdings in Morningstar were worth $4,169,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MORN. Blue Trust Inc. grew its holdings in Morningstar by 172.3% in the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 112 shares during the period. Johnson Financial Group Inc. acquired a new stake in Morningstar in the fourth quarter valued at approximately $71,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Morningstar in the first quarter valued at approximately $95,000. Covestor Ltd boosted its stake in shares of Morningstar by 14.6% in the fourth quarter. Covestor Ltd now owns 416 shares of the business services provider’s stock worth $140,000 after acquiring an additional 53 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Morningstar by 10.5% in the first quarter. UMB Bank n.a. now owns 516 shares of the business services provider’s stock worth $155,000 after acquiring an additional 49 shares during the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Morningstar Stock Performance

NASDAQ MORN opened at $258.92 on Friday. The stock’s fifty day moving average is $294.72 and its two-hundred day moving average is $299.18. The firm has a market capitalization of $10.92 billion, a P/E ratio of 27.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. Morningstar, Inc. has a fifty-two week low of $250.34 and a fifty-two week high of $365.00.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.19. Morningstar had a return on equity of 23.54% and a net margin of 17.22%. The company had revenue of $605.10 million for the quarter, compared to analyst estimates of $605.84 million.

Morningstar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were given a $0.455 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.82 dividend on an annualized basis and a yield of 0.7%. Morningstar’s payout ratio is currently 19.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. BMO Capital Markets lifted their price target on Morningstar from $339.00 to $355.00 and gave the stock an “outperform” rating in a research note on Monday, May 12th.

Insiders Place Their Bets

In other Morningstar news, Director Caroline J. Tsay sold 200 shares of Morningstar stock in a transaction on Friday, May 16th. The stock was sold at an average price of $309.84, for a total value of $61,968.00. Following the sale, the director owned 4,345 shares in the company, valued at $1,346,254.80. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 4,311 shares of Morningstar stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $261.67, for a total value of $1,128,059.37. Following the completion of the sale, the chairman owned 9,401,507 shares in the company, valued at $2,460,092,336.69. This represents a 0.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,398 shares of company stock worth $15,079,996 in the last 90 days. Company insiders own 36.20% 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.