Morningstar, Inc. (NASDAQ:MORN) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,733 shares of the business services provider’s stock after selling 16,280 shares during the period. Geode Capital Management LLC owned approximately 0.67% of Morningstar worth $31,164,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Palo Capital Inc. increased its stake in Morningstar by 0.3% during the 4th quarter. Palo Capital Inc. now owns 28,714 shares of the business services provider’s stock worth $3,154,000 after buying an additional 85 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in Morningstar by 14.3% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock worth $101,000 after acquiring an additional 100 shares in the last quarter. Legal & General Group Plc grew its holdings in Morningstar by 1.9% during the 3rd quarter. Legal & General Group Plc now owns 8,825 shares of the business services provider’s stock worth $1,111,000 after acquiring an additional 165 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Morningstar by 0.5% during the 4th quarter. Victory Capital Management Inc. now owns 36,116 shares of the business services provider’s stock worth $3,967,000 after acquiring an additional 177 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in Morningstar by 9.3% during the 4th quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock worth $233,000 after acquiring an additional 180 shares in the last quarter. 42.33% of the stock is currently owned by institutional investors.

MORN has been the subject of several research reports. BidaskClub lowered shares of Morningstar from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. ValuEngine raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd.

Morningstar stock traded up $1.35 during midday trading on Friday, reaching $134.80. 81,380 shares of the stock traded hands, compared to its average volume of 73,095. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 35.38 and a beta of 0.83. Morningstar, Inc. has a fifty-two week low of $99.67 and a fifty-two week high of $144.34.

Morningstar (NASDAQ:MORN) last posted its earnings results on Thursday, February 21st. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. Morningstar had a net margin of 17.94% and a return on equity of 18.22%. The firm had revenue of $262.70 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.83%.

In related news, insider Joseph D. Mansueto sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $127.92, for a total value of $2,046,720.00. Following the sale, the insider now directly owns 22,156,543 shares in the company, valued at approximately $2,834,264,980.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Joseph D. Mansueto sold 10,521 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $122.11, for a total transaction of $1,284,719.31. Following the completion of the sale, the chairman now owns 22,278,376 shares in the company, valued at $2,720,412,493.36. The disclosure for this sale can be found here. Insiders have sold a total of 370,870 shares of company stock worth $46,130,794 over the last 90 days. 54.10% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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