Segall Bryant & Hamill LLC Has $12.40 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Segall Bryant & Hamill LLC boosted its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 8.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 36,832 shares of the business services provider’s stock after buying an additional 2,927 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of Morningstar worth $12,404,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Morningstar by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock worth $61,196,000 after acquiring an additional 5,045 shares during the period. Great Valley Advisor Group Inc. raised its stake in shares of Morningstar by 102.1% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,524 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 770 shares during the period. Cerity Partners LLC raised its stake in shares of Morningstar by 16.9% in the 3rd quarter. Cerity Partners LLC now owns 6,318 shares of the business services provider’s stock valued at $2,016,000 after purchasing an additional 915 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Morningstar by 6.7% in the third quarter. Fisher Asset Management LLC now owns 21,342 shares of the business services provider’s stock valued at $6,811,000 after purchasing an additional 1,334 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Morningstar by 492.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 735 shares of the business services provider’s stock worth $234,000 after buying an additional 611 shares during the period. Institutional investors own 57.02% of the company’s stock.

Insider Buying and Selling at Morningstar

In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $326.86, for a total value of $2,962,005.32. Following the sale, the chairman now owns 10,109,617 shares in the company, valued at approximately $3,304,429,412.62. This represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 59,544 shares of company stock worth $18,770,097 over the last 90 days. Company insiders own 39.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MORN. BMO Capital Markets dropped their target price on Morningstar from $387.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. StockNews.com downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a report on Wednesday.

Morningstar Price Performance

NASDAQ:MORN opened at $305.26 on Wednesday. The stock has a market capitalization of $13.08 billion, a PE ratio of 40.33 and a beta of 1.23. Morningstar, Inc. has a 1-year low of $278.64 and a 1-year high of $365.00. The firm has a fifty day simple moving average of $315.01 and a 200 day simple moving average of $328.15. 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, February 26th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.15. The company had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $0.455 dividend. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.82 annualized dividend and a yield of 0.60%. Morningstar’s dividend payout ratio is currently 21.24%.

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.