Venturi Wealth Management LLC Has $39,000 Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Venturi Wealth Management LLC increased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 101.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121 shares of the business services provider’s stock after purchasing an additional 61 shares during the quarter. Venturi Wealth Management LLC’s holdings in Morningstar were worth $39,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Morningstar by 21.9% during the second quarter. Versant Capital Management Inc now owns 245 shares of the business services provider’s stock worth $72,000 after buying an additional 44 shares in the last quarter. Legacy Advisors LLC raised its position in Morningstar by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock valued at $895,000 after purchasing an additional 49 shares during the last quarter. GAMMA Investing LLC boosted its stake in Morningstar by 38.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock worth $54,000 after purchasing an additional 51 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Morningstar by 7.3% during the second quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider’s stock worth $223,000 after purchasing an additional 51 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Morningstar by 38.0% in the second quarter. Nisa Investment Advisors LLC now owns 196 shares of the business services provider’s stock valued at $58,000 after buying an additional 54 shares in the last quarter. 57.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MORN shares. BMO Capital Markets reiterated an “outperform” rating and set a $352.00 price target on shares of Morningstar in a research report on Wednesday, August 28th. UBS Group began coverage on shares of Morningstar in a research report on Tuesday, October 8th. They set a “buy” rating and a $390.00 target price on the stock. Redburn Atlantic cut shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target on the stock. in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $360.67.

Morningstar Stock Performance

Morningstar stock opened at $337.57 on Friday. The company has a market cap of $14.48 billion, a PE ratio of 44.59 and a beta of 1.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a 1 year low of $264.79 and a 1 year high of $352.55. The company’s 50-day moving average is $328.76 and its two-hundred day moving average is $310.94.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.01). Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The business had revenue of $569.40 million during the quarter.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a $0.405 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.62 annualized dividend and a dividend yield of 0.48%. Morningstar’s dividend payout ratio is currently 21.40%.

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 721 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $312.94, for a total transaction of $225,629.74. Following the completion of the transaction, the chairman now owns 10,532,253 shares in the company, valued at approximately $3,295,963,253.82. The trade was a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William M. Lyons sold 750 shares of Morningstar stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total transaction of $248,910.00. Following the transaction, the director now directly owns 12,840 shares in the company, valued at approximately $4,261,339.20. This represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,195 shares of company stock valued at $23,252,260 over the last three months. Company insiders own 39.90% of the company’s stock.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.