Callan Family Office LLC Purchases 82 Shares of Morningstar, Inc. (NASDAQ:MORN)

Callan Family Office LLC raised its position in Morningstar, Inc. (NASDAQ:MORN) by 10.5% during the first quarter, Holdings Channel reports. The fund owned 864 shares of the business services provider’s stock after acquiring an additional 82 shares during the period. Callan Family Office LLC’s holdings in Morningstar were worth $259,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Morningstar by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 305,014 shares of the business services provider’s stock valued at $102,719,000 after acquiring an additional 13,155 shares during the period. Northern Trust Corp lifted its holdings in Morningstar by 18.6% in the fourth quarter. Northern Trust Corp now owns 230,149 shares of the business services provider’s stock valued at $77,505,000 after acquiring an additional 36,133 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Morningstar by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 196,465 shares of the business services provider’s stock valued at $58,914,000 after acquiring an additional 2,270 shares during the period. Premier Fund Managers Ltd lifted its holdings in Morningstar by 13.4% in the first quarter. Premier Fund Managers Ltd now owns 170,068 shares of the business services provider’s stock valued at $50,341,000 after acquiring an additional 20,068 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in Morningstar in the fourth quarter valued at about $56,584,000. Institutional investors own 57.02% of the company’s stock.

Morningstar Stock Performance

Shares of MORN opened at $259.08 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $290.74 and a two-hundred day simple moving average of $297.21. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 27.59 and a beta of 0.96. Morningstar, Inc. has a 52 week low of $250.34 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.19. Morningstar had a return on equity of 23.54% and a net margin of 17.22%. The firm had revenue of $605.10 million during the quarter, compared to analysts’ expectations of $605.84 million.

Morningstar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a dividend of $0.455 per share. The ex-dividend date was Friday, July 11th. This represents a $1.82 annualized dividend and a dividend yield of 0.7%. Morningstar’s dividend payout ratio (DPR) is currently 19.38%.

Insider Activity

In related news, Chairman Joseph D. Mansueto sold 3,944 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $260.28, for a total transaction of $1,026,544.32. Following the completion of the sale, the chairman owned 9,361,981 shares in the company, valued at approximately $2,436,736,414.68. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 65,750 shares of company stock worth $18,257,730 in the last three months. Company insiders own 36.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets upped their price target on Morningstar from $339.00 to $355.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Wall Street Zen cut Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th.

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.