Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its holdings in Morningstar, Inc. (NASDAQ:MORN) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 24,465 shares of the business services provider’s stock after selling 343 shares during the period. Motley Fool Wealth Management LLC’s holdings in Morningstar were worth $7,807,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Morningstar by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock worth $61,196,000 after buying an additional 5,045 shares during the last quarter. M&G Plc lifted its stake in shares of Morningstar by 2.0% in the 2nd quarter. M&G Plc now owns 173,105 shares of the business services provider’s stock valued at $51,239,000 after purchasing an additional 3,322 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Morningstar by 12.7% in the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock valued at $5,056,000 after purchasing an additional 1,789 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Morningstar by 259.3% in the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock valued at $4,394,000 after purchasing an additional 9,937 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Morningstar by 295.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,637 shares of the business services provider’s stock valued at $780,000 after purchasing an additional 1,970 shares in the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 9,062 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $328.22, for a total value of $2,974,329.64. Following the completion of the sale, the chairman now directly owns 10,845,718 shares in the company, valued at approximately $3,559,781,561.96. The trade was a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William M. Lyons sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $316.48, for a total value of $237,360.00. Following the completion of the sale, the director now owns 13,590 shares of the company’s stock, valued at $4,300,963.20. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,298 shares of company stock worth $19,305,383 in the last three months. 37.70% of the stock is owned by insiders.

Analyst Ratings Changes

MORN has been the topic of several research analyst reports. StockNews.com lowered Morningstar from a “buy” rating to a “hold” rating in a research note on Monday. Redburn Atlantic downgraded Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price on the stock. in a report on Wednesday, October 9th. BMO Capital Markets reiterated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th. Finally, UBS Group initiated coverage on Morningstar in a report on Tuesday, October 8th. They set a “buy” rating and a $390.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Morningstar has a consensus rating of “Moderate Buy” and a consensus price target of $360.67.

Morningstar Stock Performance

Shares of NASDAQ:MORN opened at $351.17 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar, Inc. has a one year low of $269.51 and a one year high of $359.50. The business’s 50-day simple moving average is $337.31 and its 200 day simple moving average is $315.90. The company has a market cap of $15.06 billion, a P/E ratio of 46.39 and a beta of 1.19.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.01). Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The business had revenue of $569.40 million for the quarter.

Morningstar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were issued a dividend of $0.405 per share. The ex-dividend date was Friday, October 4th. This represents a $1.62 annualized dividend and a yield of 0.46%. Morningstar’s dividend payout ratio is presently 21.40%.

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.