Morningstar, Inc. (NASDAQ:MORN)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $103.81 and last traded at $102.29, with a volume of 17108 shares traded. The stock had previously closed at $102.30.
Separately, BidaskClub raised shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd.
The company has a market capitalization of $4,324.70, a PE ratio of 36.70 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.64 and a current ratio of 1.64.
Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. The company had revenue of $243.10 million for the quarter. Morningstar had a net margin of 15.02% and a return on equity of 15.64%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.98%.
In other news, Director Gail S. Landis sold 1,531 shares of Morningstar stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $95.46, for a total value of $146,149.26. Following the transaction, the director now owns 5,350 shares of the company’s stock, valued at approximately $510,711. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 57.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MORN. The Manufacturers Life Insurance Company increased its position in shares of Morningstar by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock worth $118,000 after acquiring an additional 98 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Morningstar in the third quarter worth approximately $128,000. Great West Life Assurance Co. Can increased its position in shares of Morningstar by 75.4% in the third quarter. Great West Life Assurance Co. Can now owns 2,725 shares of the business services provider’s stock worth $231,000 after acquiring an additional 1,171 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Morningstar by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 113,946 shares of the business services provider’s stock worth $9,685,000 after acquiring an additional 5,925 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Morningstar by 11.7% in the third quarter. Dimensional Fund Advisors LP now owns 352,135 shares of the business services provider’s stock worth $29,928,000 after acquiring an additional 36,914 shares in the last quarter. 40.68% of the stock is currently owned by institutional investors and hedge funds.
Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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