BidaskClub Upgrades Morningstar (MORN) to Hold

BidaskClub upgraded shares of Morningstar (NASDAQ:MORN) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Separately, ValuEngine upgraded shares of Morningstar from a hold rating to a buy rating in a research report on Wednesday, January 2nd.

Shares of NASDAQ:MORN opened at $126.33 on Tuesday. The company has a market capitalization of $5.37 billion, a PE ratio of 33.74 and a beta of 0.86. Morningstar has a 12 month low of $90.75 and a 12 month high of $144.34. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.10.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 4th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.89%. This is a boost from Morningstar’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, January 3rd.

In related news, insider Joseph D. Mansueto sold 20,379 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $124.73, for a total transaction of $2,541,872.67. Following the completion of the transaction, the insider now directly owns 22,484,232 shares in the company, valued at approximately $2,804,458,257.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Joseph D. Mansueto sold 16,509 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $121.28, for a total transaction of $2,002,211.52. Following the transaction, the insider now owns 22,917,543 shares of the company’s stock, valued at $2,779,439,615.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 357,324 shares of company stock valued at $40,861,675. 57.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc increased its position in Morningstar by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 1,636,889 shares of the business services provider’s stock valued at $206,085,000 after acquiring an additional 40,273 shares during the period. Vanguard Group Inc. increased its position in Morningstar by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,636,889 shares of the business services provider’s stock valued at $206,085,000 after acquiring an additional 40,273 shares during the period. BlackRock Inc. increased its position in Morningstar by 1.9% in the 4th quarter. BlackRock Inc. now owns 809,540 shares of the business services provider’s stock valued at $88,919,000 after acquiring an additional 15,027 shares during the period. FMR LLC increased its position in Morningstar by 4.5% in the 3rd quarter. FMR LLC now owns 781,394 shares of the business services provider’s stock valued at $98,378,000 after acquiring an additional 33,559 shares during the period. Finally, Renaissance Technologies LLC increased its position in Morningstar by 7.1% in the 3rd quarter. Renaissance Technologies LLC now owns 643,770 shares of the business services provider’s stock valued at $81,051,000 after acquiring an additional 42,870 shares during the period. Hedge funds and other institutional investors own 40.44% of the company’s stock.

Morningstar Company Profile

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.

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