Park Avenue Securities LLC Acquires 92 Shares of Morningstar, Inc. $MORN

Park Avenue Securities LLC raised its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,721 shares of the business services provider’s stock after acquiring an additional 92 shares during the quarter. Park Avenue Securities LLC’s holdings in Morningstar were worth $540,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MORN. Hughes Financial Services LLC bought a new stake in shares of Morningstar in the first quarter worth about $25,000. Larson Financial Group LLC increased its holdings in shares of Morningstar by 5,066.7% in the first quarter. Larson Financial Group LLC now owns 155 shares of the business services provider’s stock worth $46,000 after purchasing an additional 152 shares during the last quarter. MAI Capital Management increased its holdings in shares of Morningstar by 37.8% in the first quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock worth $46,000 after purchasing an additional 42 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Morningstar by 172.3% in the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider’s stock worth $53,000 after purchasing an additional 112 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Morningstar by 23.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock worth $53,000 after purchasing an additional 34 shares during the last quarter. 57.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Morningstar currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.67.

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 7,250 shares of Morningstar stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $256.50, for a total value of $1,859,625.00. Following the completion of the transaction, the chairman owned 9,373,175 shares in the company, valued at approximately $2,404,219,387.50. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 85,500 shares of company stock valued at $22,341,957 in the last ninety days. Company insiders own 36.20% of the company’s stock.

Morningstar Trading Up 1.4%

MORN opened at $234.90 on Monday. The firm has a market cap of $9.91 billion, a P/E ratio of 25.02 and a beta of 1.01. Morningstar, Inc. has a 12 month low of $230.09 and a 12 month high of $365.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $259.41 and a 200 day moving average of $283.24.

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

Morningstar 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.