Morningstar, Inc. (MORN) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in Morningstar, Inc. (NASDAQ:MORN) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 540,320 shares of the business services provider’s stock after selling 15,224 shares during the period. Royce & Associates LP’s holdings in Morningstar were worth $68,075,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Martingale Asset Management L P boosted its stake in shares of Morningstar by 5.5% during the 1st quarter. Martingale Asset Management L P now owns 133,429 shares of the business services provider’s stock worth $16,812,000 after acquiring an additional 6,900 shares during the last quarter. Commerce Bank raised its position in shares of Morningstar by 3.9% during the 1st quarter. Commerce Bank now owns 2,119 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 80 shares during the period. US Bancorp DE raised its position in shares of Morningstar by 2.5% during the 1st quarter. US Bancorp DE now owns 18,942 shares of the business services provider’s stock valued at $2,387,000 after purchasing an additional 459 shares during the period. JPMorgan Chase & Co. raised its position in shares of Morningstar by 5.3% during the 1st quarter. JPMorgan Chase & Co. now owns 669,927 shares of the business services provider’s stock valued at $84,405,000 after purchasing an additional 33,458 shares during the period. Finally, Connable Office Inc. bought a new stake in shares of Morningstar during the 1st quarter valued at $212,000. 42.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MORN stock traded up $1.01 on Friday, hitting $136.58. 62,297 shares of the stock traded hands, compared to its average volume of 77,197. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 34.93 and a beta of 0.88. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $146.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.



Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.77 EPS for the quarter. The firm had revenue of $258.90 million for the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.82%.

Separately, BidaskClub upgraded shares of Morningstar from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 27th.

In other Morningstar news, Chairman Joseph D. Mansueto sold 345 shares of Morningstar stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $135.10, for a total value of $46,609.50. Following the sale, the chairman now directly owns 22,118,872 shares in the company, valued at approximately $2,988,259,607.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph D. Mansueto sold 9,439 shares of Morningstar stock in a transaction on Monday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $1,197,053.98. Following the completion of the sale, the insider now owns 22,402,070 shares in the company, valued at $2,841,030,517.40. The disclosure for this sale can be found here. Insiders have sold a total of 340,861 shares of company stock worth $43,291,362 over the last 90 days. Insiders own 54.10% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Morningstar, Inc. (MORN) Shares Sold by Royce & Associates LP” was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://dakotafinancialnews.com/2019/05/26/morningstar-inc-morn-shares-sold-by-royce-associates-lp.html.

Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

Read More: How to interpret Moving Average Convergence Divergence (MACD)

Want to see what other hedge funds are holding MORN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morningstar, Inc. (NASDAQ:MORN).

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.