Morningstar, Inc. (NASDAQ:MORN) Shares Sold by George Kaiser Family Foundation

George Kaiser Family Foundation lessened its position in Morningstar, Inc. (NASDAQ:MORNFree Report) by 46.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,638 shares of the business services provider’s stock after selling 6,716 shares during the quarter. Morningstar makes up about 0.4% of George Kaiser Family Foundation’s portfolio, making the stock its 9th biggest position. George Kaiser Family Foundation’s holdings in Morningstar were worth $2,186,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MORN. Teacher Retirement System of Texas boosted its stake in shares of Morningstar by 10.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 4,083 shares of the business services provider’s stock worth $956,000 after buying an additional 402 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Morningstar by 36.0% during the 3rd quarter. Victory Capital Management Inc. now owns 16,238 shares of the business services provider’s stock worth $3,804,000 after purchasing an additional 4,299 shares during the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of Morningstar during the 3rd quarter worth approximately $201,000. Mawer Investment Management Ltd. grew its stake in shares of Morningstar by 10.4% in the third quarter. Mawer Investment Management Ltd. now owns 8,020 shares of the business services provider’s stock valued at $1,879,000 after buying an additional 754 shares in the last quarter. Finally, Retirement Systems of Alabama acquired a new position in Morningstar during the third quarter worth $7,610,000. Institutional investors own 57.02% of the company’s stock.

Morningstar Stock Performance

MORN traded up $3.45 during trading hours on Friday, reaching $297.60. The company’s stock had a trading volume of 79,174 shares, compared to its average volume of 87,672. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day moving average is $300.24 and its 200-day moving average is $288.32. Morningstar, Inc. has a 52 week low of $185.15 and a 52 week high of $316.05. The firm has a market cap of $12.72 billion, a PE ratio of 60.12 and a beta of 1.15.

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

Morningstar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio is presently 32.73%.

Insider Activity

In other news, Chairman Joseph D. Mansueto sold 4,675 shares of Morningstar stock in a transaction on Friday, March 8th. The stock was sold at an average price of $311.07, for a total transaction of $1,454,252.25. Following the completion of the sale, the chairman now owns 10,776,823 shares of the company’s stock, valued at $3,352,346,330.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Joseph D. Mansueto sold 6,198 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $298.80, for a total transaction of $1,851,962.40. Following the completion of the sale, the chairman now owns 10,852,973 shares of the company’s stock, valued at approximately $3,242,868,332.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 4,675 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $311.07, for a total transaction of $1,454,252.25. Following the sale, the chairman now owns 10,776,823 shares in the company, valued at approximately $3,352,346,330.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,357 shares of company stock valued at $27,280,991. 39.90% of the stock is owned by insiders.

Analyst Ratings Changes

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

View Our Latest Analysis on Morningstar

About Morningstar

(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.

Read More

Want to see what other hedge funds are holding MORN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morningstar, Inc. (NASDAQ:MORNFree Report).

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.