Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,543 shares of the business services provider’s stock after selling 925 shares during the period. Amalgamated Bank’s holdings in Morningstar were worth $4,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Scout Investments Inc. grew its position in shares of Morningstar by 75.8% during the first quarter. Scout Investments Inc. now owns 42,549 shares of the business services provider’s stock worth $13,034,000 after acquiring an additional 18,345 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Morningstar by 506.2% during the first quarter. SG Americas Securities LLC now owns 13,202 shares of the business services provider’s stock worth $4,071,000 after acquiring an additional 11,024 shares during the last quarter. M&G Plc grew its position in shares of Morningstar by 2.0% during the second quarter. M&G Plc now owns 173,105 shares of the business services provider’s stock worth $51,239,000 after acquiring an additional 3,322 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Morningstar by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 533,935 shares of the business services provider’s stock worth $152,834,000 after acquiring an additional 5,240 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new position in Morningstar in the 1st quarter valued at about $20,986,000. 57.02% of the stock is owned by institutional investors and hedge funds.

Morningstar Stock Performance

NASDAQ:MORN opened at $320.69 on Monday. Morningstar, Inc. has a twelve month low of $219.45 and a twelve month high of $330.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $311.82 and a 200-day moving average of $303.03. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 64.79 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data 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 company had revenue of $571.90 million during the quarter.

Morningstar Dividend Announcement

The firm also recently disclosed 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 32.73%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Morningstar 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 transaction of $220,657.50. Following the completion of the sale, the director now directly owns 15,840 shares of the company’s stock, valued at $4,660,286.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Morningstar news, Chairman Joseph D. Mansueto sold 721 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $312.94, for a total transaction of $225,629.74. Following the completion of the sale, the chairman now directly owns 10,532,253 shares of the company’s stock, valued at $3,295,963,253.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $220,657.50. Following the sale, the director now directly owns 15,840 shares of the company’s stock, valued at $4,660,286.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,941 shares of company stock worth $19,402,863. Corporate insiders own 39.90% of the company’s stock.

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.