Huntington National Bank reduced its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 927 shares of the business services provider’s stock after selling 137 shares during the period. Huntington National Bank’s holdings in Morningstar were worth $135,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors have also recently bought and sold shares of MORN. Squar Milner Financial Services LLC raised its holdings in Morningstar by 968.2% during the third quarter. Squar Milner Financial Services LLC now owns 235 shares of the business services provider’s stock worth $34,000 after purchasing an additional 213 shares in the last quarter. North Star Investment Management Corp. purchased a new position in Morningstar during the third quarter worth about $47,000. Quest Capital Management Inc. ADV purchased a new position in Morningstar during the third quarter worth about $50,000. Signaturefd LLC raised its holdings in Morningstar by 46.7% during the third quarter. Signaturefd LLC now owns 405 shares of the business services provider’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Morningstar during the second quarter worth about $60,000. 44.06% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Joseph D. Mansueto sold 14,956 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $154.31, for a total transaction of $2,307,860.36. Following the sale, the insider now owns 21,673,138 shares in the company, valued at $3,344,381,924.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Joseph D. Mansueto sold 11,048 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $161.13, for a total transaction of $1,780,164.24. Following the sale, the chairman now owns 21,283,878 shares in the company, valued at approximately $3,429,471,262.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,272 shares of company stock worth $50,585,348. 54.10% of the stock is owned by company insiders.
Several research analysts recently issued reports on MORN shares. ValuEngine cut shares of Morningstar from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub cut shares of Morningstar from a “buy” rating to a “hold” rating in a report on Saturday.
NASDAQ MORN traded down $4.42 during trading hours on Friday, hitting $154.03. 81,700 shares of the stock were exchanged, compared to its average volume of 84,481. Morningstar, Inc. has a 12-month low of $99.67 and a 12-month high of $163.93. The stock has a 50-day moving average of $152.81 and a 200 day moving average of $149.12. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 39.15 and a beta of 0.81. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.51.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%.
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.
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