Harvest Fund Management Co. Ltd Buys 245 Shares of Morningstar, Inc. (NASDAQ:MORN)

Harvest Fund Management Co. Ltd grew its position in Morningstar, Inc. (NASDAQ:MORN) by 137.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 423 shares of the business services provider’s stock after acquiring an additional 245 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Morningstar were worth $122,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Morningstar in the fourth quarter worth $35,000. Fifth Third Bancorp grew its position in shares of Morningstar by 55.2% in the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock valued at $45,000 after buying an additional 69 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Morningstar in the third quarter valued at about $48,000. CVA Family Office LLC bought a new position in shares of Morningstar during the fourth quarter worth about $65,000. Finally, CWM LLC lifted its stake in shares of Morningstar by 42.7% in the third quarter. CWM LLC now owns 284 shares of the business services provider’s stock worth $67,000 after acquiring an additional 85 shares during the period. Institutional investors own 57.02% of the company’s stock.

Morningstar Trading Down 4.9 %

NASDAQ:MORN opened at $287.46 on Friday. Morningstar, Inc. has a 52 week low of $163.28 and a 52 week high of $316.05. The firm has a 50-day moving average price of $300.87 and a two-hundred day moving average price of $279.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 58.07 and a beta of 1.15.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. Morningstar had a return on equity of 22.28% and a net margin of 10.13%. The company had revenue of $542.80 million for the quarter.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, April 4th. Morningstar’s dividend payout ratio is currently 32.73%.

Insider Buying and Selling at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 12,650 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $298.12, for a total transaction of $3,771,218.00. Following the sale, the chairman now owns 10,859,171 shares in the company, valued at $3,237,336,058.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Chairman Joseph D. Mansueto sold 12,650 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $298.12, for a total value of $3,771,218.00. Following the sale, the chairman now directly owns 10,859,171 shares of the company’s stock, valued at $3,237,336,058.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Joseph D. Mansueto sold 3,748 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $272.65, for a total transaction of $1,021,892.20. Following the transaction, the chairman now directly owns 10,883,563 shares of the company’s stock, valued at approximately $2,967,403,451.95. The disclosure for this sale can be found here. Insiders have sold a total of 95,544 shares of company stock valued at $27,733,515 over the last three months. 39.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. TheStreet raised Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd.

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.