Mawer Investment Management Ltd. Sells 210,275 Shares of Morningstar, Inc. (NASDAQ:MORN)


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Mawer Investment Management Ltd. decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 36.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,625 shares of the business services provider’s stock after selling 210,275 shares during the period. Mawer Investment Management Ltd. owned approximately 0.85% of Morningstar worth $84,436,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. TCW Group Inc. acquired a new position in Morningstar during the fourth quarter worth $11,060,000. California Public Employees Retirement System boosted its holdings in Morningstar by 9.4% during the fourth quarter. California Public Employees Retirement System now owns 54,399 shares of the business services provider’s stock worth $12,597,000 after purchasing an additional 4,666 shares during the last quarter. Iridian Asset Management LLC CT boosted its holdings in Morningstar by 1,201.7% during the fourth quarter. Iridian Asset Management LLC CT now owns 151,128 shares of the business services provider’s stock worth $34,997,000 after purchasing an additional 139,518 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in Morningstar during the fourth quarter worth $113,000. Finally, First Trust Advisors LP boosted its holdings in Morningstar by 25.9% during the fourth quarter. First Trust Advisors LP now owns 70,060 shares of the business services provider’s stock worth $16,224,000 after purchasing an additional 14,391 shares during the last quarter. 47.48% of the stock is owned by institutional investors.

MORN traded down $3.43 during trading hours on Tuesday, hitting $229.68. 2,001 shares of the company’s stock were exchanged, compared to its average volume of 134,885. Morningstar, Inc. has a 1-year low of $102.59 and a 1-year high of $255.75. The stock’s 50-day moving average is $235.75 and its two-hundred day moving average is $197.31. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 57.28 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.40.

The company also recently declared a quarterly dividend, which was paid on Friday, January 29th. Shareholders of record on Monday, January 4th were paid a $0.315 dividend. The ex-dividend date of this dividend was Thursday, December 31st. This represents a $1.26 dividend on an annualized basis and a yield of 0.55%. This is a boost from Morningstar’s previous quarterly dividend of $0.30.

In other Morningstar news, Chairman Joseph D. Mansueto sold 256 shares of the stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of $251.63, for a total value of $64,417.28. Following the completion of the sale, the chairman now owns 19,025,120 shares in the company, valued at $4,787,290,945.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,926 shares of the stock in a transaction on Friday, November 27th. The shares were sold at an average price of $198.10, for a total transaction of $1,966,340.60. Following the completion of the sale, the chairman now owns 19,522,150 shares of the company’s stock, valued at approximately $3,867,337,915. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,046 shares of company stock valued at $34,823,184. Corporate insiders own 49.70% of the company’s stock.

Morningstar Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, the United Kingdom, and internationally. It offers web-based tools; investment data, fundamental equity research, manager research, credit ratings, and private capital markets research services; and 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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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