PEAK6 Investments LLC Acquires 11,085 Shares of Morningstar, Inc. (NASDAQ:MORN)

PEAK6 Investments LLC increased its holdings in shares of Morningstar, Inc. (NASDAQ:MORNFree Report) by 496.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,320 shares of the business services provider’s stock after acquiring an additional 11,085 shares during the quarter. PEAK6 Investments LLC’s holdings in Morningstar were worth $3,813,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of Morningstar during the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new position in Morningstar in the fourth quarter valued at about $35,000. CVA Family Office LLC bought a new stake in Morningstar during the fourth quarter worth about $65,000. Fifth Third Bancorp grew its stake in Morningstar by 19.6% during the fourth quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after buying an additional 38 shares in the last quarter. Finally, CWM LLC increased its holdings in Morningstar by 14.1% in the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock valued at $93,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 57.02% of the company’s stock.

Insider Transactions at Morningstar

In other news, Chairman Joseph D. Mansueto sold 1,297 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $307.69, for a total transaction of $399,073.93. Following the completion of the sale, the chairman now directly owns 10,775,526 shares in the company, valued at $3,315,521,594.94. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Chairman Joseph D. Mansueto sold 1,297 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $307.69, for a total transaction of $399,073.93. Following the sale, the chairman now owns 10,775,526 shares in the company, valued at approximately $3,315,521,594.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $289.07, for a total value of $216,802.50. Following the completion of the sale, the director now owns 16,590 shares of the company’s stock, valued at $4,795,671.30. The disclosure for this sale can be found here. Insiders sold 76,059 shares of company stock worth $22,456,771 over the last ninety days. 39.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd.

Check Out Our Latest Stock Report on Morningstar

Morningstar Price Performance

MORN stock traded down $4.68 during trading on Friday, reaching $287.89. 68,634 shares of the company were exchanged, compared to its average volume of 95,219. Morningstar, Inc. has a twelve month low of $185.15 and a twelve month high of $316.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 58.16 and a beta of 1.16. The company has a 50-day moving average of $297.42 and a two-hundred day moving average of $289.82.

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

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $0.405 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.62 annualized dividend and a dividend yield of 0.56%. Morningstar’s payout ratio is 32.73%.

Morningstar Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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