Janney Montgomery Scott LLC Has $1.05 Million Position in Morningstar, Inc. (NASDAQ:MORN)

Janney Montgomery Scott LLC boosted its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,283 shares of the business services provider’s stock after purchasing an additional 407 shares during the period. Janney Montgomery Scott LLC’s holdings in Morningstar were worth $1,048,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MORN. Envestnet Portfolio Solutions Inc. lifted its holdings in Morningstar by 60.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,140 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 431 shares during the last quarter. Headlands Technologies LLC bought a new position in Morningstar during the 1st quarter valued at about $66,000. Russell Investments Group Ltd. lifted its holdings in Morningstar by 0.4% during the 1st quarter. Russell Investments Group Ltd. now owns 22,413 shares of the business services provider’s stock valued at $6,911,000 after purchasing an additional 82 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Morningstar by 8.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,764 shares of the business services provider’s stock valued at $852,000 after purchasing an additional 211 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Morningstar during the 1st quarter valued at about $427,000. 57.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MORN. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a research note on Wednesday, August 28th. UBS Group initiated coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 target price for the company. Finally, Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Morningstar currently has a consensus rating of “Moderate Buy” and a consensus target price of $360.67.

Morningstar Trading Down 1.6 %

Shares of NASDAQ MORN opened at $337.57 on Friday. Morningstar, Inc. has a 1-year low of $264.79 and a 1-year high of $352.55. The company has a market cap of $14.48 billion, a PE ratio of 44.59 and a beta of 1.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of $328.76 and a two-hundred day moving average of $310.94.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). The business had revenue of $569.40 million for the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s dividend payout ratio (DPR) is 21.40%.

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $328.22, for a total transaction of $2,974,329.64. Following the completion of the transaction, the chairman now owns 10,845,718 shares in the company, valued at approximately $3,559,781,561.96. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William M. Lyons sold 750 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $311.60, for a total transaction of $233,700.00. Following the transaction, the director now owns 14,340 shares of the company’s stock, valued at approximately $4,468,344. This represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,195 shares of company stock valued at $23,252,260 over the last ninety days. 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.