Mutual of America Capital Management LLC Lowers Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Mutual of America Capital Management LLC decreased its position in Morningstar, Inc. (NASDAQ:MORN) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,931 shares of the business services provider’s stock after selling 587 shares during the period. Mutual of America Capital Management LLC’s holdings in Morningstar were worth $4,417,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Principal Securities Inc. purchased a new position in shares of Morningstar in the 4th quarter valued at about $29,000. Blue Trust Inc. increased its position in shares of Morningstar by 326.9% in the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after buying an additional 85 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Morningstar during the 2nd quarter worth approximately $35,000. DT Investment Partners LLC purchased a new position in shares of Morningstar during the 2nd quarter valued at approximately $36,000. Finally, Acadian Asset Management LLC lifted its holdings in Morningstar by 73.8% during the second quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reissued an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research note on Wednesday, August 28th.

Insider Activity at Morningstar

In other Morningstar news, Director William M. Lyons sold 750 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $294.21, for a total value of $220,657.50. Following the completion of the sale, the director now directly owns 15,840 shares in the company, valued at approximately $4,660,286.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Morningstar news, Director Caroline J. Tsay sold 290 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $296.98, for a total value of $86,124.20. Following the transaction, the director now directly owns 3,925 shares in the company, valued at approximately $1,165,646.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.21, for a total transaction of $220,657.50. Following the sale, the director now owns 15,840 shares of the company’s stock, valued at approximately $4,660,286.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,231 shares of company stock valued at $19,488,988. 39.90% of the stock is currently owned by insiders.

Morningstar Stock Performance

Shares of NASDAQ:MORN opened at $320.69 on Friday. The business’s 50 day moving average price is $311.82 and its 200-day moving average price is $303.08. Morningstar, Inc. has a 1 year low of $219.45 and a 1 year high of $330.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $13.71 billion, a PE ratio of 64.79 and a beta of 1.18.

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

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 4th will be given a $0.405 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.51%. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

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.