Vestmark Advisory Solutions Inc. lifted its holdings in Morningstar, Inc. (NASDAQ:MORN) by 9.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,445 shares of the business services provider’s stock after buying an additional 216 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Morningstar were worth $357,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Carillon Tower Advisers Inc. increased its position in shares of Morningstar by 5.5% in the third quarter. Carillon Tower Advisers Inc. now owns 252,885 shares of the business services provider’s stock worth $36,957,000 after acquiring an additional 13,276 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Morningstar by 4.6% in the third quarter. Eagle Asset Management Inc. now owns 314,665 shares of the business services provider’s stock worth $45,985,000 after acquiring an additional 13,736 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Morningstar by 20.6% in the third quarter. SG Americas Securities LLC now owns 1,111 shares of the business services provider’s stock worth $162,000 after acquiring an additional 190 shares in the last quarter. First Trust Advisors LP increased its position in shares of Morningstar by 51.8% in the third quarter. First Trust Advisors LP now owns 96,815 shares of the business services provider’s stock worth $14,149,000 after acquiring an additional 33,046 shares in the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Morningstar in the third quarter worth $3,213,000. 44.16% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on MORN shares. ValuEngine lowered shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub lowered shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th.
Shares of MORN stock traded down $0.48 on Friday, hitting $155.50. The stock had a trading volume of 982 shares, compared to its average volume of 107,860. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 37.63 and a beta of 0.81. The stock’s 50 day moving average is $152.62 and its 200-day moving average is $149.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.30. Morningstar, Inc. has a 52-week low of $99.67 and a 52-week high of $163.93.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a $0.28 dividend. The ex-dividend date was Thursday, October 17th. This represents a $1.12 annualized dividend and a dividend yield of 0.72%.
In other news, Chairman Joseph D. Mansueto sold 9,009 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $144.32, for a total value of $1,300,178.88. Following the completion of the transaction, the chairman now directly owns 21,347,230 shares in the company, valued at $3,080,832,233.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack Noonan sold 796 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $162.47, for a total transaction of $129,326.12. Following the completion of the transaction, the director now owns 8,123 shares of the company’s stock, valued at $1,319,743.81. The disclosure for this sale can be found here. Insiders sold 291,166 shares of company stock valued at $45,492,964 over the last 90 days. Insiders own 54.10% of the company’s stock.
Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
Featured Story: Investing in Blue-Chip Stocks
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: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.