YHB Investment Advisors Inc. reduced its position in shares of Morningstar, Inc. (NASDAQ:MORN – Free Report) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,876 shares of the business services provider’s stock after selling 89 shares during the period. YHB Investment Advisors Inc.’s holdings in Morningstar were worth $4,336,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Morningstar during the third quarter valued at about $30,000. Venturi Wealth Management LLC boosted its position in shares of Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 61 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Morningstar in the 3rd quarter worth approximately $58,000. Farther Finance Advisors LLC raised its holdings in shares of Morningstar by 93.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 182 shares of the business services provider’s stock worth $58,000 after purchasing an additional 88 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Morningstar by 125.2% during the third quarter. Blue Trust Inc. now owns 250 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 139 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director William M. Lyons sold 750 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total transaction of $248,910.00. Following the completion of the sale, the director now directly owns 12,840 shares in the company, valued at approximately $4,261,339.20. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Joseph D. Mansueto sold 118 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $342.13, for a total value of $40,371.34. Following the completion of the transaction, the chairman now owns 10,788,378 shares in the company, valued at $3,691,027,765.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,661 shares of company stock valued at $17,723,744. Corporate insiders own 39.90% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Morningstar
Morningstar Trading Up 1.4 %
NASDAQ MORN opened at $333.49 on Tuesday. The firm’s 50 day moving average price is $340.03 and its two-hundred day moving average price is $327.73. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 44.05 and a beta of 1.20. Morningstar, Inc. has a twelve month low of $269.51 and a twelve month high of $365.00. 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 Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.55%. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s payout ratio is presently 24.04%.
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.
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