Morningstar, Inc. (MORN) Shares Bought by Amalgamated Bank

Amalgamated Bank raised its holdings in Morningstar, Inc. (NASDAQ:MORN) by 34.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,509 shares of the business services provider’s stock after purchasing an additional 896 shares during the quarter. Amalgamated Bank’s holdings in Morningstar were worth $275,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Morningstar by 20.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 392,098 shares of the business services provider’s stock valued at $30,717,000 after purchasing an additional 67,491 shares in the last quarter. CI Global Investments Inc. boosted its holdings in shares of Morningstar by 40.0% in the 2nd quarter. CI Global Investments Inc. now owns 175,000 shares of the business services provider’s stock valued at $13,710,000 after purchasing an additional 50,000 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Morningstar by 13.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,021 shares of the business services provider’s stock valued at $8,463,000 after purchasing an additional 13,110 shares in the last quarter. Nicholas Company Inc. boosted its holdings in shares of Morningstar by 17.0% in the 2nd quarter. Nicholas Company Inc. now owns 63,580 shares of the business services provider’s stock valued at $4,980,000 after purchasing an additional 9,230 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Morningstar by 49.8% in the 2nd quarter. Sei Investments Co. now owns 49,472 shares of the business services provider’s stock valued at $3,875,000 after purchasing an additional 16,448 shares in the last quarter. 38.31% of the stock is currently owned by hedge funds and other institutional investors.

In other Morningstar news, insider Tricia Rothschild sold 500 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $82.21, for a total transaction of $41,105.00. Following the completion of the sale, the insider now directly owns 7,652 shares in the company, valued at $629,070.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bevin Desmond sold 3,002 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $83.21, for a total transaction of $249,796.42. Following the sale, the insider now owns 34,040 shares of the company’s stock, valued at $2,832,468.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,502 shares of company stock valued at $374,901. Company insiders own 57.40% of the company’s stock.

Shares of Morningstar, Inc. (MORN) opened at 85.25 on Thursday. The firm has a market cap of $3.63 billion, a P/E ratio of 22.37 and a beta of 0.74. Morningstar, Inc. has a 12-month low of $67.74 and a 12-month high of $86.15. The company’s 50 day moving average price is $83.05 and its 200 day moving average price is $78.87.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 18th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 17th. This represents a $0.92 annualized dividend and a yield of 1.08%. Morningstar’s payout ratio is 24.08%.

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Separately, BidaskClub raised Morningstar from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th.

Morningstar Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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