Segall Bryant & Hamill LLC Grows Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Segall Bryant & Hamill LLC boosted its holdings in Morningstar, Inc. (NASDAQ:MORN) by 1.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 33,905 shares of the business services provider’s stock after buying an additional 564 shares during the period. Segall Bryant & Hamill LLC owned 0.08% of Morningstar worth $10,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Morningstar during the third quarter worth $30,000. Blue Trust Inc. boosted its holdings in shares of Morningstar by 326.9% during the 2nd quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 85 shares during the last quarter. Crewe Advisors LLC purchased a new position in shares of Morningstar during the second quarter valued at about $35,000. DT Investment Partners LLC bought a new stake in shares of Morningstar in the second quarter worth about $36,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Morningstar by 101.7% in the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after buying an additional 61 shares in the last quarter. 57.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on MORN. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price on the stock. in a report on Wednesday, October 9th. UBS Group began coverage on shares of Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target for the company. Finally, BMO Capital Markets restated an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Morningstar presently has a consensus rating of “Moderate Buy” and an average price target of $360.67.

Insider Transactions at Morningstar

In other news, Chairman Joseph D. Mansueto sold 275 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $336.67, for a total transaction of $92,584.25. Following the transaction, the chairman now owns 10,788,103 shares in the company, valued at $3,632,030,637.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William M. Lyons sold 750 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $311.60, for a total transaction of $233,700.00. Following the transaction, the director now owns 14,340 shares in the company, valued at $4,468,344. The trade was a 4.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 61,541 shares of company stock valued at $20,234,838. Corporate insiders own 39.90% of the company’s stock.

Morningstar Trading Up 1.3 %

NASDAQ MORN opened at $340.07 on Friday. The stock has a market cap of $14.58 billion, a PE ratio of 44.92 and a beta of 1.18. Morningstar, Inc. has a 12 month low of $269.51 and a 12 month high of $352.55. The company’s 50-day moving average price is $331.14 and its 200-day moving average price is $312.45. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.01). The firm had revenue of $569.40 million during the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $0.405 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.48%. Morningstar’s dividend payout ratio is presently 21.40%.

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.