Federated Hermes Inc. Has $669,000 Holdings in Morningstar, Inc. (NASDAQ:MORN)

Federated Hermes Inc. trimmed its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 18.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,260 shares of the business services provider’s stock after selling 524 shares during the period. Federated Hermes Inc.’s holdings in Morningstar were worth $669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MORN. Principal Securities Inc. bought a new stake in Morningstar during the 4th quarter valued at approximately $29,000. BNP Paribas Financial Markets boosted its position in shares of Morningstar by 28.4% in the fourth quarter. BNP Paribas Financial Markets now owns 2,994 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 662 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Morningstar in the fourth quarter valued at approximately $203,000. Panagora Asset Management Inc. acquired a new stake in shares of Morningstar in the fourth quarter worth $229,000. Finally, Norges Bank acquired a new position in Morningstar during the 4th quarter valued at $85,814,000. 57.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Morningstar Trading Down 0.0 %

Morningstar stock opened at $320.69 on Monday. Morningstar, Inc. has a 12 month low of $219.45 and a 12 month high of $330.22. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 64.79 and a beta of 1.18. The business has a 50 day moving average price of $311.82 and a two-hundred day moving average price of $303.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.63.

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

Morningstar Dividend Announcement

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

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 8,056 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $305.95, for a total transaction of $2,464,733.20. Following the completion of the transaction, the chairman now owns 10,517,257 shares in the company, valued at $3,217,754,779.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director William M. Lyons sold 750 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $294.21, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Joseph D. Mansueto sold 8,056 shares of Morningstar stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $305.95, for a total transaction of $2,464,733.20. Following the transaction, the chairman now directly owns 10,517,257 shares of the company’s stock, valued at $3,217,754,779.15. The disclosure for this sale can be found here. Insiders have sold a total of 62,941 shares of company stock valued at $19,402,863 over the last quarter. 39.90% of the stock is owned by company insiders.

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.