George Kaiser Family Foundation Increases Stake in Morningstar, Inc. (NASDAQ:MORN)

George Kaiser Family Foundation lifted its stake in Morningstar, Inc. (NASDAQ:MORN) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,693 shares of the business services provider’s stock after buying an additional 55 shares during the quarter. Morningstar makes up about 0.4% of George Kaiser Family Foundation’s investment portfolio, making the stock its 12th largest position. George Kaiser Family Foundation’s holdings in Morningstar were worth $2,276,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Morningstar by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,576,670 shares of the business services provider’s stock worth $737,546,000 after acquiring an additional 23,812 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Morningstar by 6.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,075,731 shares of the business services provider’s stock worth $307,917,000 after purchasing an additional 67,983 shares during the last quarter. Wasatch Advisors LP raised its stake in Morningstar by 5.3% during the first quarter. Wasatch Advisors LP now owns 562,099 shares of the business services provider’s stock valued at $173,334,000 after purchasing an additional 28,164 shares in the last quarter. Wellington Management Group LLP raised its stake in Morningstar by 45.9% during the fourth quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock valued at $145,835,000 after purchasing an additional 160,281 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Morningstar in the 4th quarter worth $85,814,000. Institutional investors own 57.02% of the company’s stock.

Insider Activity

In other Morningstar news, Director Caroline J. Tsay sold 290 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $296.98, for a total value of $86,124.20. Following the transaction, the director now directly owns 3,925 shares in the company, valued at approximately $1,165,646.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Caroline J. Tsay sold 290 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $296.98, for a total value of $86,124.20. Following the completion of the sale, the director now directly owns 3,925 shares of the company’s stock, valued at $1,165,646.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $294.21, for a total transaction of $220,657.50. Following the transaction, the director now directly owns 15,840 shares in the company, valued at approximately $4,660,286.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,400 shares of company stock valued at $16,781,747. 39.90% of the stock is currently owned by company insiders.

Morningstar Trading Up 0.5 %

Shares of Morningstar stock traded up $1.67 during trading on Wednesday, hitting $314.21. The stock had a trading volume of 6,984 shares, compared to its average volume of 113,683. Morningstar, Inc. has a 12 month low of $219.45 and a 12 month high of $330.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s fifty day simple moving average is $308.24 and its 200-day simple moving average is $301.19. The stock has a market cap of $13.43 billion, a PE ratio of 63.48 and a beta of 1.17.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%. The firm had revenue of $571.90 million for the quarter.

Morningstar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.62 annualized dividend and a dividend yield of 0.52%. Morningstar’s dividend payout ratio (DPR) is 32.73%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets restated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th.

Morningstar Company 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.