Chicago Capital LLC Reduces Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Chicago Capital LLC decreased its stake in Morningstar, Inc. (NASDAQ:MORNGet Rating) by 40.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,871 shares of the business services provider’s stock after selling 47,949 shares during the quarter. Chicago Capital LLC owned about 0.17% of Morningstar worth $19,360,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Select Equity Group L.P. boosted its holdings in Morningstar by 16.5% during the 4th quarter. Select Equity Group L.P. now owns 4,850,288 shares of the business services provider’s stock valued at $1,658,750,000 after acquiring an additional 688,048 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Morningstar during the 4th quarter valued at $128,670,000. Allspring Global Investments Holdings LLC purchased a new position in Morningstar during the 4th quarter valued at $39,313,000. JPMorgan Chase & Co. boosted its holdings in Morningstar by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 576,347 shares of the business services provider’s stock valued at $197,104,000 after acquiring an additional 97,873 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Morningstar by 1,245.6% during the 4th quarter. SG Americas Securities LLC now owns 25,364 shares of the business services provider’s stock valued at $8,674,000 after acquiring an additional 23,479 shares during the period. Hedge funds and other institutional investors own 54.01% of the company’s stock.

Shares of NASDAQ MORN opened at $239.58 on Friday. The firm has a market cap of $10.24 billion, a PE ratio of 56.37 and a beta of 1.16. The business has a fifty day simple moving average of $244.28 and a two-hundred day simple moving average of $273.65. Morningstar, Inc. has a twelve month low of $218.25 and a twelve month high of $350.21. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.37.

Morningstar (NASDAQ:MORNGet Rating) last released its earnings results on Wednesday, April 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter. The firm had revenue of $457.00 million during the quarter. Morningstar had a return on equity of 19.08% and a net margin of 10.46%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 1st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, June 30th. Morningstar’s dividend payout ratio is presently 33.88%.

In other Morningstar news, Director Robin Diamonte sold 600 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $241.00, for a total value of $144,600.00. Following the sale, the director now directly owns 8,467 shares in the company, valued at $2,040,547. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Caroline J. Tsay sold 369 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $227.53, for a total value of $83,958.57. Following the completion of the sale, the director now owns 6,344 shares in the company, valued at $1,443,450.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,676 shares of company stock worth $30,816,333. 41.90% of the stock is owned by insiders.

Separately, StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th.

About Morningstar (Get Rating)

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, 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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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