Mutual of America Capital Management LLC Has $4.81 Million Stock Position in Morningstar, Inc. (NASDAQ:MORN)

Mutual of America Capital Management LLC lessened its stake in Morningstar, Inc. (NASDAQ:MORN) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Morningstar by 2.1% during the third quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider’s stock worth $158,772,000 after purchasing an additional 10,437 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Morningstar by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock worth $61,196,000 after acquiring an additional 5,045 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Morningstar by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock worth $5,056,000 after acquiring an additional 1,789 shares during the last quarter. Quantbot Technologies LP raised its stake in Morningstar by 259.3% in the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock valued at $4,394,000 after acquiring an additional 9,937 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Morningstar during the 3rd quarter valued at $3,181,000. 57.02% of the stock is owned by institutional investors.

Morningstar Stock Performance

MORN opened at $299.06 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $12.82 billion, a PE ratio of 39.51 and a beta of 1.20. The business has a fifty day simple moving average of $326.15 and a 200 day simple moving average of $330.14. Morningstar, Inc. has a 1 year low of $281.37 and a 1 year high of $365.00.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $1.99 by $0.15. Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The business had revenue of $591.00 million for the quarter, compared to the consensus estimate of $580.81 million.

Morningstar Increases Dividend

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

Insider Transactions at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 1,280 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $320.57, for a total transaction of $410,329.60. Following the transaction, the chairman now owns 10,130,378 shares in the company, valued at $3,247,495,275.46. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Dubinsky sold 3,223 shares of Morningstar stock in a transaction on 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 of the company’s stock, 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. Over the last ninety days, insiders have sold 44,641 shares of company stock valued at $14,620,537. 39.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Morningstar from $387.00 to $370.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th.

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.