Black Creek Investment Management Inc. Purchases 800 Shares of Morningstar, Inc. (NASDAQ:MORN)

Black Creek Investment Management Inc. increased its holdings in Morningstar, Inc. (NASDAQ:MORN) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the business services provider’s stock after acquiring an additional 800 shares during the quarter. Black Creek Investment Management Inc.’s holdings in Morningstar were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Morningstar by 5.4% in the first quarter. Bank of America Corp DE now owns 2,456,424 shares of the business services provider’s stock worth $498,728,000 after acquiring an additional 125,371 shares during the period. Vanguard Group Inc. lifted its stake in Morningstar by 1.3% in the third quarter. Vanguard Group Inc. now owns 2,439,021 shares of the business services provider’s stock worth $517,853,000 after acquiring an additional 30,642 shares during the period. Morgan Stanley lifted its stake in Morningstar by 685.1% in the fourth quarter. Morgan Stanley now owns 1,219,174 shares of the business services provider’s stock worth $264,061,000 after acquiring an additional 1,063,888 shares during the period. BlackRock Inc. lifted its stake in Morningstar by 0.8% in the first quarter. BlackRock Inc. now owns 1,105,066 shares of the business services provider’s stock worth $224,362,000 after acquiring an additional 8,845 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Morningstar by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 871,362 shares of the business services provider’s stock worth $176,911,000 after acquiring an additional 36,998 shares during the period. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Insider Activity

In other news, Chairman Joseph D. Mansueto sold 224 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $219.39, for a total transaction of $49,143.36. Following the completion of the transaction, the chairman now directly owns 11,216,521 shares in the company, valued at $2,460,792,542.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Gail S. Landis sold 580 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $250.00, for a total transaction of $145,000.00. Following the completion of the transaction, the director now directly owns 5,147 shares in the company, valued at $1,286,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joseph D. Mansueto sold 224 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $219.39, for a total value of $49,143.36. Following the transaction, the chairman now owns 11,216,521 shares of the company’s stock, valued at $2,460,792,542.19. The disclosure for this sale can be found here. Insiders sold 111,222 shares of company stock worth $26,806,119 over the last three months. 39.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com started coverage on Morningstar in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Redburn Atlantic raised Morningstar from a “neutral” rating to an “overweight” rating and set a $320.00 price objective for the company in a research report on Monday, October 30th.

Morningstar Stock Down 0.1 %

Morningstar stock traded down $0.18 on Wednesday, hitting $269.48. 5,097 shares of the stock traded hands, compared to its average volume of 180,900. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82. The firm has a market cap of $11.51 billion, a P/E ratio of 163.43 and a beta of 1.14. The business’s fifty day simple moving average is $243.60 and its 200 day simple moving average is $220.11. Morningstar, Inc. has a 1 year low of $163.28 and a 1 year high of $270.83.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, October 5th. Morningstar’s dividend payout ratio is currently 90.91%.

Morningstar Profile

Morningstar, Inc provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans.