Creative Planning Has $866,000 Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Creative Planning cut its holdings in Morningstar, Inc. (NASDAQ:MORN) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,713 shares of the business services provider’s stock after selling 221 shares during the quarter. Creative Planning’s holdings in Morningstar were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MORN. Blue Trust Inc. lifted its holdings in shares of Morningstar by 326.9% in the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 85 shares in the last quarter. Crewe Advisors LLC bought a new position in Morningstar during the 2nd quarter valued at $35,000. DT Investment Partners LLC purchased a new position in Morningstar during the 2nd quarter worth $36,000. Acadian Asset Management LLC grew its stake in shares of Morningstar by 73.8% in 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. Finally, GAMMA Investing LLC raised its holdings in shares of Morningstar by 38.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 51 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total value of $248,910.00. Following the completion of the transaction, the director now owns 12,840 shares of the company’s stock, valued at $4,261,339.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director William M. Lyons sold 750 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total transaction of $248,910.00. Following the sale, the director now directly owns 12,840 shares of the company’s stock, valued at $4,261,339.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar 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 completion of the sale, the chairman now owns 10,631,706 shares of the company’s stock, valued at $3,217,579,503.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,547 shares of company stock valued at $17,771,996. 39.90% of the stock is currently owned by corporate insiders.

Morningstar Stock Performance

Shares of MORN stock opened at $328.41 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.05 and a current ratio of 1.14. Morningstar, Inc. has a fifty-two week low of $255.52 and a fifty-two week high of $349.07. The company has a market capitalization of $14.08 billion, a P/E ratio of 43.38 and a beta of 1.18. The stock has a 50 day moving average price of $323.12 and a two-hundred day moving average price of $308.04.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data 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). Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The business had revenue of $569.40 million during the quarter.

Morningstar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 yield of 0.49%. The ex-dividend date was Friday, October 4th. Morningstar’s payout ratio is 21.40%.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group started coverage on Morningstar in a research report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price target for the company. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price for the company. in a research report on Wednesday, October 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Morningstar presently has an average rating of “Moderate Buy” and an average price target of $360.67.

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.