US Bancorp DE Has $2.50 Million Stock Holdings in Morningstar, Inc. $MORN

US Bancorp DE increased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,972 shares of the business services provider’s stock after acquiring an additional 58 shares during the quarter. US Bancorp DE’s holdings in Morningstar were worth $2,503,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Morningstar during the 1st quarter valued at about $25,000. MAI Capital Management lifted its holdings in Morningstar by 37.8% in the first quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock valued at $46,000 after buying an additional 42 shares during the period. Larson Financial Group LLC lifted its holdings in Morningstar by 5,066.7% in the first quarter. Larson Financial Group LLC now owns 155 shares of the business services provider’s stock valued at $46,000 after buying an additional 152 shares during the period. Blue Trust Inc. lifted its holdings in Morningstar by 172.3% in the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider’s stock valued at $53,000 after buying an additional 112 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Morningstar by 23.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 34 shares during the period. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MORN shares. Wall Street Zen downgraded Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Morningstar in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $355.00.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 6,705 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $260.65, for a total transaction of $1,747,658.25. Following the sale, the chairman directly owned 9,312,836 shares in the company, valued at $2,427,390,703.40. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 85,500 shares of company stock worth $22,341,957 in the last quarter. Company insiders own 36.20% of the company’s stock.

Morningstar Trading Down 0.4%

NASDAQ MORN opened at $225.07 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $9.49 billion, a P/E ratio of 23.97 and a beta of 1.00. The stock’s 50-day moving average is $247.40 and its 200-day moving average is $277.52. Morningstar, Inc. has a one year low of $221.02 and a one year high of $365.00.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.21 by $0.19. The firm had revenue of $605.10 million for the quarter, compared to the consensus estimate of $605.84 million. Morningstar had a net margin of 17.22% and a return on equity of 23.54%.

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.