Bokf Na lessened its position in shares of Morningstar, Inc. (NASDAQ:MORN – Free Report) by 26.6% during the second quarter, HoldingsChannel.com reports. The fund owned 325 shares of the business services provider’s stock after selling 118 shares during the period. Bokf Na’s holdings in Morningstar were worth $64,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of MORN. PNC Financial Services Group Inc. increased its holdings in shares of Morningstar by 9.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,489 shares of the business services provider’s stock worth $406,000 after buying an additional 130 shares during the last quarter. AlphaCrest Capital Management LLC bought a new position in Morningstar in the first quarter valued at $425,000. MetLife Investment Management LLC bought a new position in Morningstar in the first quarter valued at $387,000. BlackRock Inc. increased its position in shares of Morningstar by 1.6% during the 1st quarter. BlackRock Inc. now owns 1,069,710 shares of the business services provider’s stock valued at $292,213,000 after purchasing an additional 16,952 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of 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 valued at $540,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.
Insider Activity at Morningstar
In other news, Director Gail S. Landis sold 580 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $250.00, for a total transaction of $145,000.00. Following the transaction, the director now directly owns 5,147 shares of the company’s stock, valued at $1,286,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Morningstar news, Director Gail S. Landis sold 580 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $250.00, for a total transaction of $145,000.00. Following the transaction, the director now owns 5,147 shares in the company, valued at approximately $1,286,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 4,963 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $215.59, for a total transaction of $1,069,973.17. Following the transaction, the chairman now owns 11,211,558 shares in the company, valued at approximately $2,417,099,789.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,798 shares of company stock valued at $31,246,785. 39.90% of the stock is owned by corporate insiders.
Morningstar Trading Up 0.1 %
Morningstar (NASDAQ:MORN – Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $1.28 EPS for the quarter. Morningstar had a net margin of 3.59% and a return on equity of 14.09%. The business had revenue of $515.50 million for the quarter.
Morningstar Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $0.375 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.50 annualized dividend and a yield of 0.55%. Morningstar’s dividend payout ratio (DPR) is presently 90.91%.
Wall Street Analysts Forecast Growth
MORN has been the topic of several recent research reports. Redburn Atlantic raised shares of Morningstar from a “neutral” rating to an “overweight” rating and set a $320.00 target price on the stock in a report on Monday, October 30th. StockNews.com began coverage on Morningstar in a research report on Thursday, October 5th. They issued a “hold” rating on the stock.
Morningstar Company Profile
Morningstar, Inc provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans.
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