Magnetar Financial LLC Has $1.22 Million Stake in Morningstar, Inc. (NASDAQ:MORN)

Magnetar Financial LLC lowered its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,956 shares of the business services provider’s stock after selling 1,074 shares during the period. Magnetar Financial LLC’s holdings in Morningstar were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Natixis raised its holdings in shares of Morningstar by 7.4% during the first quarter. Natixis now owns 29,000 shares of the business services provider’s stock valued at $8,943,000 after purchasing an additional 2,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Morningstar during the first quarter valued at about $9,070,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Morningstar by 12.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,696 shares of the business services provider’s stock valued at $5,452,000 after purchasing an additional 1,997 shares during the period. Capitolis Liquid Global Markets LLC acquired a new position in shares of Morningstar during the first quarter valued at about $5,859,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Morningstar by 18.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,622 shares of the business services provider’s stock worth $500,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Insider Activity at Morningstar

In other news, Director Caroline J. Tsay sold 290 shares of the stock in a transaction on 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 owns 3,925 shares of the company’s stock, 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 link. In other Morningstar news, CFO Jason Dubinsky sold 3,400 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $300.11, for a total value of $1,020,374.00. Following the sale, the chief financial officer now owns 20,181 shares of the company’s stock, valued at approximately $6,056,519.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Caroline J. Tsay sold 290 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $296.98, for a total transaction of $86,124.20. Following the completion of the sale, the director now directly owns 3,925 shares in the company, valued at approximately $1,165,646.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,952 shares of company stock worth $23,001,340. 39.90% of the stock is owned by corporate insiders.

Morningstar Stock Up 1.1 %

Shares of NASDAQ:MORN traded up $3.64 during midday trading on Friday, hitting $326.31. 140,323 shares of the company’s stock were exchanged, compared to its average volume of 118,464. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 0.98. The stock has a 50 day moving average price of $297.54 and a 200-day moving average price of $294.58. The company has a market cap of $13.95 billion, a PE ratio of 65.92 and a beta of 1.17. Morningstar, Inc. has a 12 month low of $213.38 and a 12 month high of $330.22.

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

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, July 12th. Morningstar’s dividend payout ratio is currently 32.73%.

Morningstar 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.