Morningstar, Inc. (NASDAQ:MORN) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 24.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,900 shares of the business services provider’s stock after acquiring an additional 2,700 shares during the period. 1832 Asset Management L.P.’s holdings in Morningstar were worth $4,112,000 as of its most recent SEC filing.

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

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 8,056 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $305.95, for a total transaction of $2,464,733.20. Following the sale, the chairman now owns 10,517,257 shares of the company’s stock, valued at $3,217,754,779.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Joseph D. Mansueto sold 8,056 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $305.95, for a total value of $2,464,733.20. Following the completion of the transaction, the chairman now owns 10,517,257 shares of the company’s stock, valued at $3,217,754,779.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $302.64, for a total transaction of $2,742,523.68. Following the sale, the chairman now owns 10,631,706 shares in the company, valued at approximately $3,217,579,503.84. The disclosure for this sale can be found here. Insiders sold a total of 62,941 shares of company stock valued at $19,402,863 over the last three months. 39.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Morningstar Price Performance

Shares of NASDAQ MORN opened at $318.98 on Wednesday. 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’s 50-day moving average price is $312.29 and its 200 day moving average price is $303.20. Morningstar, Inc. has a 52 week low of $219.45 and a 52 week high of $330.22. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 64.44 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) 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 for the quarter.

Morningstar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, October 4th. 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.