Motley Fool Wealth Management LLC Has $6.86 Million Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Motley Fool Wealth Management LLC lowered its holdings in Morningstar, Inc. (NASDAQ:MORN) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,009 shares of the business services provider’s stock after selling 226 shares during the quarter. Motley Fool Wealth Management LLC owned 0.06% of Morningstar worth $6,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Morningstar in the 4th quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Morningstar during the 3rd quarter worth approximately $42,000. Fifth Third Bancorp grew its holdings in shares of Morningstar by 55.2% during the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock worth $45,000 after purchasing an additional 69 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Morningstar during the 3rd quarter worth approximately $48,000. Finally, CVA Family Office LLC acquired a new stake in shares of Morningstar during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

MORN has been the topic of several recent research reports. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. TheStreet raised Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 7,470 shares of Morningstar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $277.23, for a total value of $2,070,908.10. Following the completion of the transaction, the chairman now owns 10,927,151 shares in the company, valued at approximately $3,029,334,071.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 7,470 shares of Morningstar stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $277.23, for a total value of $2,070,908.10. Following the completion of the transaction, the chairman now owns 10,927,151 shares in the company, valued at approximately $3,029,334,071.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 3,748 shares of Morningstar stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $272.65, for a total value of $1,021,892.20. Following the completion of the transaction, the chairman now owns 10,883,563 shares of the company’s stock, valued at approximately $2,967,403,451.95. The disclosure for this sale can be found here. Insiders have sold a total of 95,544 shares of company stock valued at $27,733,515 in the last 90 days. 39.90% of the stock is owned by corporate insiders.

Morningstar Price Performance

MORN stock traded down $1.17 during trading on Friday, hitting $286.29. The company had a trading volume of 110,967 shares, compared to its average volume of 106,408. The company has a fifty day moving average price of $301.12 and a two-hundred day moving average price of $280.26. The company has a current ratio of 0.98, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market cap of $12.24 billion, a P/E ratio of 57.84 and a beta of 1.15. Morningstar, Inc. has a fifty-two week low of $163.28 and a fifty-two week high of $316.05.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. The business had revenue of $542.80 million for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, April 4th. Morningstar’s dividend payout ratio is 32.73%.

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.