GAMMA Investing LLC Makes New $35,000 Investment in Morningstar, Inc. (NASDAQ:MORN)

GAMMA Investing LLC purchased a new position in Morningstar, Inc. (NASDAQ:MORNFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 125 shares of the business services provider’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Morningstar by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock worth $597,981,000 after purchasing an additional 75,275 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Morningstar by 31.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,398 shares of the business services provider’s stock worth $81,693,000 after purchasing an additional 68,574 shares during the last quarter. Morgan Stanley grew its position in Morningstar by 1.0% in the 3rd quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider’s stock worth $458,481,000 after purchasing an additional 19,119 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in Morningstar in the 3rd quarter worth $3,961,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Morningstar by 74.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 50,000 shares of the business services provider’s stock worth $11,712,000 after purchasing an additional 21,314 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on MORN

Morningstar Price Performance

NASDAQ:MORN opened at $294.03 on Friday. The company has a 50-day moving average of $302.00 and a 200-day moving average of $282.54. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 59.40 and a beta of 1.15. Morningstar, Inc. has a 52 week low of $180.48 and a 52 week high of $316.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.98.

Morningstar (NASDAQ:MORNGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio is currently 32.73%.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 7,470 shares of Morningstar stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $277.23, for a total transaction of $2,070,908.10. Following the completion of the transaction, the chairman now directly owns 10,927,151 shares of the company’s stock, valued at approximately $3,029,334,071.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Joseph D. Mansueto sold 7,668 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $278.69, for a total transaction of $2,136,994.92. Following the sale, the chairman now directly owns 10,916,191 shares of the company’s stock, valued at $3,042,233,269.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 7,470 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $277.23, for a total transaction of $2,070,908.10. Following the completion of the sale, the chairman now directly owns 10,927,151 shares of the company’s stock, valued at approximately $3,029,334,071.73. The disclosure for this sale can be found here. Insiders sold 96,943 shares of company stock valued at $28,185,404 in the last ninety days. Insiders own 39.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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