Morningstar, Inc. $MORN Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 28.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228 shares of the business services provider’s stock after purchasing an additional 51 shares during the quarter. Blue Trust Inc.’s holdings in Morningstar were worth $72,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MORN. SG Americas Securities LLC raised its holdings in shares of Morningstar by 284.7% during the 1st quarter. SG Americas Securities LLC now owns 2,458 shares of the business services provider’s stock worth $737,000 after acquiring an additional 1,819 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Morningstar by 9.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,802 shares of the business services provider’s stock worth $540,000 after acquiring an additional 159 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Morningstar by 17.9% during the 1st quarter. QRG Capital Management Inc. now owns 1,049 shares of the business services provider’s stock worth $315,000 after acquiring an additional 159 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Morningstar by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 15,237 shares of the business services provider’s stock worth $4,569,000 after acquiring an additional 80 shares during the period. Finally, Institute for Wealth Management LLC. purchased a new position in shares of Morningstar during the 1st quarter worth $351,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Insiders Place Their Bets

In other Morningstar news, Chairman Joseph D. Mansueto sold 7,250 shares of Morningstar stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $256.50, for a total value of $1,859,625.00. Following the completion of the transaction, the chairman directly owned 9,373,175 shares of the company’s stock, valued at $2,404,219,387.50. The trade was a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 85,500 shares of company stock valued at $22,341,957. Insiders own 36.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Weiss Ratings restated a “hold (c)” rating on shares of Morningstar in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.00.

Morningstar Stock Performance

NASDAQ MORN opened at $214.51 on Friday. The company has a market cap of $9.05 billion, a P/E ratio of 22.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $244.71 and a two-hundred day moving average of $275.90. Morningstar, Inc. has a 1-year low of $210.02 and a 1-year high of $365.00.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.19. The company had revenue of $605.10 million during the quarter, compared to the consensus estimate of $605.84 million. Morningstar had a return on equity of 23.54% and a net margin of 17.22%.

Morningstar Company 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.