Amundi Has $235,000 Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Amundi decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 99.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 728 shares of the business services provider’s stock after selling 192,048 shares during the period. Amundi’s holdings in Morningstar were worth $235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MORN. Massachusetts Financial Services Co. MA lifted its position in Morningstar by 9.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after buying an additional 102,206 shares in the last quarter. Wasatch Advisors LP raised its holdings in Morningstar by 13.9% during the 3rd quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider’s stock worth $222,115,000 after purchasing an additional 85,098 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Morningstar during the 4th quarter worth about $16,497,000. FMR LLC raised its holdings in Morningstar by 10.9% during the 3rd quarter. FMR LLC now owns 400,520 shares of the business services provider’s stock worth $127,814,000 after purchasing an additional 39,263 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its holdings in Morningstar by 61.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 88,378 shares of the business services provider’s stock worth $28,203,000 after purchasing an additional 33,595 shares during the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar Stock Performance

Shares of MORN stock opened at $298.12 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $12.77 billion, a PE ratio of 39.38 and a beta of 1.23. The stock has a 50-day moving average of $315.72 and a 200-day moving average of $327.99. Morningstar, Inc. has a one year low of $278.64 and a one year high of $365.00.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.15. The company had revenue of $591.00 million during the quarter, compared to analysts’ expectations of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.61%. Morningstar’s dividend payout ratio is 21.24%.

Insider Activity

In other news, Chairman Joseph D. Mansueto sold 3,635 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $325.44, for a total value of $1,182,974.40. Following the completion of the sale, the chairman now directly owns 10,142,694 shares of the company’s stock, valued at $3,300,838,335.36. This represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 59,544 shares of company stock valued at $18,770,097 in the last ninety days. 39.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a report on Monday, March 17th. BMO Capital Markets dropped their price objective on Morningstar from $387.00 to $370.00 and set an “outperform” rating for the company in a report on Monday, March 3rd.

About Morningstar

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.