Captrust Financial Advisors Has $3.04 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Captrust Financial Advisors increased its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 167.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,026 shares of the business services provider’s stock after acquiring an additional 5,655 shares during the period. Captrust Financial Advisors’ holdings in Morningstar were worth $3,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MORN. Norges Bank acquired a new stake in Morningstar during the fourth quarter valued at approximately $111,694,000. Balyasny Asset Management L.P. acquired a new stake in Morningstar in the 4th quarter valued at $56,584,000. Premier Fund Managers Ltd bought a new stake in Morningstar in the fourth quarter valued at $50,694,000. Wellington Management Group LLP raised its stake in Morningstar by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider’s stock worth $363,903,000 after acquiring an additional 130,087 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Morningstar during the fourth quarter valued at $33,829,000. Institutional investors own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. BMO Capital Markets cut their target price on shares of Morningstar from $387.00 to $370.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.

Morningstar Stock Down 0.4 %

Shares of NASDAQ:MORN opened at $303.80 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The firm has a market cap of $12.84 billion, a P/E ratio of 40.13 and a beta of 0.99. Morningstar, Inc. has a 12 month low of $250.34 and a 12 month high of $365.00. The company’s 50-day moving average price is $286.30 and its two-hundred day moving average price is $318.01.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.13. Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The business had revenue of $581.90 million during the quarter, compared to analyst estimates of $589.07 million.

Morningstar Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a $0.455 dividend. This is a boost from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, April 4th. This represents a $1.82 annualized dividend and a yield of 0.60%. Morningstar’s dividend payout ratio (DPR) is currently 20.45%.

Insider Buying and Selling

In other Morningstar news, Chairman Joseph D. Mansueto sold 1,280 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $320.57, for a total transaction of $410,329.60. Following the completion of the sale, the chairman now owns 10,130,378 shares in the company, valued at approximately $3,247,495,275.46. The trade was a 0.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 66,198 shares of company stock worth $20,504,896 over the last three months. 36.20% of the stock is currently owned by company insiders.

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.