Morningstar, Inc. (MORN) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,475,522 shares of the business services provider’s stock after selling 28,849 shares during the period. Bamco Inc. NY owned approximately 3.47% of Morningstar worth $140,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Champlain Investment Partners LLC boosted its position in shares of Morningstar by 1.5% during the 4th quarter. Champlain Investment Partners LLC now owns 383,630 shares of the business services provider’s stock worth $37,201,000 after purchasing an additional 5,675 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Morningstar by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 255,809 shares of the business services provider’s stock worth $24,805,000 after buying an additional 1,635 shares during the last quarter. American Capital Management Inc. raised its stake in shares of Morningstar by 2.3% during the 4th quarter. American Capital Management Inc. now owns 208,560 shares of the business services provider’s stock worth $20,224,000 after buying an additional 4,655 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Morningstar by 23.3% during the 1st quarter. Wells Fargo & Company MN now owns 203,107 shares of the business services provider’s stock worth $19,401,000 after buying an additional 38,367 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Morningstar by 83.3% during the 4th quarter. Millennium Management LLC now owns 167,453 shares of the business services provider’s stock worth $16,238,000 after buying an additional 76,091 shares during the last quarter. Institutional investors own 40.94% of the company’s stock.

Separately, BidaskClub raised Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd.

Morningstar opened at $114.69 on Friday, Marketbeat reports. The firm has a market cap of $4.80 billion, a PE ratio of 36.77 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68. Morningstar, Inc. has a 52-week low of $113.06 and a 52-week high of $114.10.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $243.10 million during the quarter. Morningstar had a return on equity of 16.54% and a net margin of 17.00%.

The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, April 5th.

In other news, Director Gail S. Landis sold 1,531 shares of Morningstar stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $95.46, for a total transaction of $146,149.26. Following the completion of the transaction, the director now owns 5,350 shares of the company’s stock, valued at approximately $510,711. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph D. Mansueto sold 18,534 shares of Morningstar stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $112.29, for a total value of $2,081,182.86. Following the transaction, the insider now directly owns 23,699,751 shares of the company’s stock, valued at approximately $2,661,245,039.79. The disclosure for this sale can be found here. Insiders have sold a total of 94,238 shares of company stock valued at $10,318,404 in the last ninety days. Corporate insiders own 57.50% of the company’s stock.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. 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.

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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