Commerce Bank Has $3.42 Million Holdings in Morningstar, Inc. (NASDAQ:MORN)

Commerce Bank decreased its position in Morningstar, Inc. (NASDAQ:MORN) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,166 shares of the business services provider’s stock after selling 1,018 shares during the quarter. Commerce Bank’s holdings in Morningstar were worth $3,424,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MORN. CANADA LIFE ASSURANCE Co grew its holdings in Morningstar by 1.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 22,989 shares of the business services provider’s stock valued at $7,723,000 after buying an additional 315 shares in the last quarter. United Capital Financial Advisors LLC acquired a new stake in Morningstar in the 4th quarter worth about $4,351,000. Tribune Investment Group LP bought a new stake in Morningstar in the 4th quarter valued at about $5,388,000. Mariner LLC increased its holdings in shares of Morningstar by 10.7% during the fourth quarter. Mariner LLC now owns 1,705 shares of the business services provider’s stock worth $574,000 after purchasing an additional 165 shares during the period. Finally, Barclays PLC raised its position in shares of Morningstar by 29.6% in the fourth quarter. Barclays PLC now owns 21,469 shares of the business services provider’s stock valued at $7,230,000 after buying an additional 4,906 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com lowered Morningstar from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. BMO Capital Markets decreased their price target on Morningstar from $387.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd.

Morningstar Stock Up 0.7 %

Shares of MORN opened at $277.19 on Monday. The firm has a 50 day simple moving average of $296.50 and a two-hundred day simple moving average of $323.26. The company has a market cap of $11.87 billion, a P/E ratio of 36.62 and a beta of 1.16. Morningstar, Inc. has a one year low of $250.34 and a one year high of $365.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.15. The business had revenue of $591.00 million for the quarter, compared to analyst estimates of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 0.66%. This is a boost from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, April 4th. Morningstar’s dividend payout ratio is currently 21.24%.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 3,635 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $325.44, for a total value of $1,182,974.40. Following the completion of the transaction, the chairman now owns 10,142,694 shares of the company’s stock, valued at $3,300,838,335.36. This represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 59,544 shares of company stock valued at $18,770,097 in the last quarter. Insiders own 36.20% of the company’s stock.

About Morningstar

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.