Morningstar, Inc. (MORN) Holdings Cut by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP cut its position in Morningstar, Inc. (NASDAQ:MORN) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 386,639 shares of the business services provider’s stock after selling 8,994 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Morningstar were worth $42,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Morningstar by 57.2% during the 4th quarter. FMR LLC now owns 1,228,505 shares of the business services provider’s stock valued at $134,940,000 after purchasing an additional 447,111 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Morningstar by 2.8% during the 4th quarter. APG Asset Management N.V. now owns 70,000 shares of the business services provider’s stock valued at $6,726,000 after purchasing an additional 1,900 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Morningstar by 23.6% during the 4th quarter. Advisory Services Network LLC now owns 2,766 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 529 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Morningstar by 63.2% during the 4th quarter. Amalgamated Bank now owns 4,056 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 1,571 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Morningstar by 123.6% during the 4th quarter. Millennium Management LLC now owns 101,398 shares of the business services provider’s stock valued at $11,138,000 after purchasing an additional 56,052 shares during the last quarter. Institutional investors and hedge funds own 42.69% of the company’s stock.

Separately, BidaskClub lowered shares of Morningstar from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th.

In other Morningstar news, insider Joseph D. Mansueto sold 16,481 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $126.66, for a total value of $2,087,483.46. Following the sale, the insider now owns 22,385,989 shares of the company’s stock, valued at approximately $2,835,409,366.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph D. Mansueto sold 14,485 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $136.15, for a total transaction of $1,972,132.75. Following the completion of the sale, the insider now directly owns 22,050,834 shares in the company, valued at approximately $3,002,221,049.10. The disclosure for this sale can be found here. In the last three months, insiders sold 340,861 shares of company stock worth $43,291,362. Insiders own 54.10% of the company’s stock.

MORN stock opened at $136.58 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $146.64. The firm has a market cap of $5.83 billion, a P/E ratio of 34.93 and a beta of 0.88.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.77 EPS for the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%. The company had revenue of $258.90 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, July 3rd.

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Morningstar Company Profile

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

Read More: What Does Beta Mean In Stock Selection

Want to see what other hedge funds are holding MORN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morningstar, Inc. (NASDAQ:MORN).

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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