HM Payson & Co. Reduces Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

HM Payson & Co. decreased its stake in Morningstar, Inc. (NASDAQ:MORN) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,350 shares of the business services provider’s stock after selling 500 shares during the quarter. HM Payson & Co.’s holdings in Morningstar were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its holdings in Morningstar by 38.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,510 shares of the business services provider’s stock valued at $724,000 after acquiring an additional 1,246 shares during the period. Morgan Stanley boosted its holdings in Morningstar by 1.7% during the 3rd quarter. Morgan Stanley now owns 48,144 shares of the business services provider’s stock valued at $7,732,000 after acquiring an additional 803 shares during the period. Squarepoint Ops LLC purchased a new position in Morningstar during the 3rd quarter valued at $579,000. Cubist Systematic Strategies LLC purchased a new position in Morningstar during the 3rd quarter valued at $845,000. Finally, Point72 Hong Kong Ltd purchased a new position in Morningstar during the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 47.48% of the company’s stock.

MORN opened at $232.10 on Thursday. The business has a fifty day moving average of $235.25 and a 200 day moving average of $213.70. Morningstar, Inc. has a 52-week low of $118.16 and a 52-week high of $255.75. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The stock has a market cap of $9.96 billion, a P/E ratio of 57.03 and a beta of 1.06.

Morningstar (NASDAQ:MORN) last issued its earnings results on Thursday, February 18th. The business services provider reported $1.57 earnings per share for the quarter. The business had revenue of $380.40 million during the quarter. Morningstar had a return on equity of 18.79% and a net margin of 13.11%.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Friday, April 9th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, April 8th.

In other news, major shareholder Joseph D. Mansueto sold 17,771 shares of the business’s stock in a transaction on Monday, February 8th. The stock was sold at an average price of $239.77, for a total value of $4,260,952.67. Following the completion of the transaction, the insider now directly owns 19,093,304 shares of the company’s stock, valued at approximately $4,578,001,500.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Joseph D. Mansueto sold 142 shares of the business’s stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $244.08, for a total value of $34,659.36. Following the completion of the transaction, the chairman now directly owns 19,125,506 shares of the company’s stock, valued at $4,668,153,504.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,358 shares of company stock valued at $38,725,863. 49.70% of the stock is currently owned by corporate insiders.

Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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