Goldman Sachs Group Inc. decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,245 shares of the business services provider’s stock after selling 2,708 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.07% of Morningstar worth $2,739,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Morningstar by 11.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 352,135 shares of the business services provider’s stock valued at $29,928,000 after purchasing an additional 36,914 shares during the period. New York State Common Retirement Fund increased its position in Morningstar by 12.8% during the 3rd quarter. New York State Common Retirement Fund now owns 176,029 shares of the business services provider’s stock valued at $14,961,000 after purchasing an additional 20,000 shares during the period. Stone Ridge Asset Management LLC purchased a new position in Morningstar during the 4th quarter valued at about $892,000. Yorktown Management & Research Co Inc purchased a new position in Morningstar during the 4th quarter valued at about $735,000. Finally, Schwab Charles Investment Management Inc. increased its position in Morningstar by 6.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 121,275 shares of the business services provider’s stock valued at $11,761,000 after purchasing an additional 7,329 shares during the period. Institutional investors own 40.72% of the company’s stock.
NASDAQ MORN opened at $98.01 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4,137.08, a price-to-earnings ratio of 35.10 and a beta of 0.66. Morningstar, Inc. has a one year low of $68.43 and a one year high of $103.46.
Morningstar (NASDAQ:MORN) last posted its earnings results on Tuesday, February 20th. The business services provider reported $0.91 EPS for the quarter. The business 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 announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, April 5th.
In other Morningstar news, Director Gail S. Landis sold 1,531 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $95.46, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 57.40% of the company’s stock.
Separately, BidaskClub downgraded shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th.
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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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