Mutual of America Capital Management LLC Sells 313 Shares of Morningstar, Inc. (NASDAQ:MORN)

Mutual of America Capital Management LLC lessened its holdings in Morningstar, Inc. (NASDAQ:MORN) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,271 shares of the business services provider’s stock after selling 313 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Morningstar were worth $4,806,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC acquired a new position in Morningstar during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new position in shares of Morningstar during the fourth quarter worth $40,000. Venturi Wealth Management LLC increased its holdings in shares of Morningstar by 101.7% during the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after buying an additional 61 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Morningstar by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 46 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Morningstar during the 3rd quarter valued at $58,000. Institutional investors own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets dropped their target price on Morningstar from $387.00 to $370.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 27th.

Insider Transactions at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $326.86, for a total transaction of $2,962,005.32. Following the completion of the sale, the chairman now directly owns 10,109,617 shares in the company, valued at approximately $3,304,429,412.62. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Dubinsky sold 3,223 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $352.88, for a total value of $1,137,332.24. Following the completion of the transaction, the chief financial officer now directly owns 17,304 shares in the company, valued at $6,106,235.52. This represents a 15.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,641 shares of company stock worth $14,620,537 over the last three months. 39.90% of the stock is owned by company insiders.

Morningstar Stock Down 2.6 %

Shares of NASDAQ:MORN opened at $299.06 on Wednesday. The firm has a market cap of $12.82 billion, a P/E ratio of 39.51 and a beta of 1.20. Morningstar, Inc. has a 12-month low of $281.37 and a 12-month high of $365.00. The business has a fifty day simple moving average of $326.15 and a 200 day simple moving average of $330.14. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.15. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The company had revenue of $591.00 million during the quarter, compared to the consensus estimate of $580.81 million.

Morningstar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be paid a $0.455 dividend. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Friday, October 3rd. Morningstar’s dividend payout ratio is currently 21.24%.

Morningstar Profile

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.