Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Chicago Capital LLC

Chicago Capital LLC reduced its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,196 shares of the business services provider’s stock after selling 246 shares during the period. Chicago Capital LLC owned approximately 0.14% of Morningstar worth $18,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MORN. V Square Quantitative Management LLC bought a new position in shares of Morningstar during the 3rd quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in Morningstar by 326.9% during the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after buying an additional 85 shares in the last quarter. Crewe Advisors LLC acquired a new position in Morningstar in the second quarter worth approximately $35,000. DT Investment Partners LLC bought a new position in shares of Morningstar in the second quarter valued at $36,000. Finally, Acadian Asset Management LLC lifted its position in shares of Morningstar by 73.8% during the 2nd quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 62 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director William M. Lyons sold 750 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $316.48, for a total value of $237,360.00. Following the transaction, the director now owns 13,590 shares in the company, valued at approximately $4,300,963.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction 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 approximately $4,300,963.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Daniel Joseph Dunn sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $320.89, for a total value of $513,424.00. Following the transaction, the executive now owns 12,967 shares in the company, valued at approximately $4,160,980.63. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,541 shares of company stock worth $18,399,192 in the last ninety days. Corporate insiders own 39.90% of the company’s stock.

Morningstar Stock Performance

Shares of Morningstar stock opened at $344.62 on Friday. Morningstar, Inc. has a 12 month low of $219.45 and a 12 month high of $349.07. The stock has a market cap of $14.73 billion, a PE ratio of 69.62 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $318.60 and a 200-day simple moving average of $306.12.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share for the quarter. The company had revenue of $571.90 million for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, October 4th. Morningstar’s dividend payout ratio (DPR) is currently 32.73%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th. UBS Group initiated coverage on Morningstar in a report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price objective on the stock. Finally, Redburn Atlantic lowered shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective for the company. in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Morningstar presently has an average rating of “Moderate Buy” and an average price target of $360.67.

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.