CVA Family Office LLC Acquires New Position in Morningstar, Inc. (NASDAQ:MORN)

CVA Family Office LLC purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 228 shares of the business services provider’s stock, valued at approximately $65,000.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Morningstar by 9.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,489 shares of the business services provider’s stock worth $406,000 after purchasing an additional 130 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of Morningstar in the first quarter valued at $425,000. MetLife Investment Management LLC purchased a new stake in shares of Morningstar in the first quarter valued at $387,000. BlackRock Inc. boosted its stake in shares of Morningstar by 1.6% during the first quarter. BlackRock Inc. now owns 1,069,710 shares of the business services provider’s stock valued at $292,213,000 after acquiring an additional 16,952 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Morningstar by 4.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,871 shares of the business services provider’s stock worth $540,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Analysts Set New Price Targets

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

Morningstar Price Performance

MORN stock opened at $308.15 on Thursday. The stock has a 50-day simple moving average of $290.33 and a 200-day simple moving average of $271.03. Morningstar, Inc. has a 1 year low of $163.28 and a 1 year high of $316.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $13.17 billion, a P/E ratio of 93.95 and a beta of 1.15.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $1.97 EPS for the quarter. The firm had revenue of $538.70 million for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%.

Morningstar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.53%. Morningstar’s dividend payout ratio (DPR) is 49.39%.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 3,748 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $272.65, for a total transaction of $1,021,892.20. Following the completion of the transaction, the chairman now directly owns 10,883,563 shares of the company’s stock, valued at $2,967,403,451.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Joseph D. Mansueto sold 1,297 shares of Morningstar stock in a transaction that occurred on 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 of the company’s stock, valued at $3,315,521,594.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the chairman now directly owns 10,883,563 shares in the company, valued at approximately $2,967,403,451.95. The disclosure for this sale can be found here. Insiders have sold 95,544 shares of company stock valued at $27,733,515 over the last quarter. 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.