Morningstar, Inc. $MORN Shares Acquired by Callan Family Office LLC

Callan Family Office LLC increased its stake in Morningstar, Inc. (NASDAQ:MORN) by 247.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,005 shares of the business services provider’s stock after acquiring an additional 2,141 shares during the period. Callan Family Office LLC’s holdings in Morningstar were worth $943,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MORN. Hughes Financial Services LLC acquired a new stake in shares of Morningstar in the first quarter valued at $25,000. Larson Financial Group LLC raised its stake in shares of Morningstar by 5,066.7% in the first quarter. Larson Financial Group LLC now owns 155 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 152 shares in the last quarter. MAI Capital Management raised its stake in shares of Morningstar by 37.8% in the first quarter. MAI Capital Management now owns 153 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 42 shares in the last quarter. Blue Trust Inc. increased its holdings in Morningstar by 172.3% in the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider’s stock valued at $53,000 after buying an additional 112 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Morningstar by 23.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 178 shares of the business services provider’s stock valued at $53,000 after buying an additional 34 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Morningstar Stock Performance

Shares of MORN stock opened at $225.34 on Monday. The stock’s 50-day moving average is $249.02 and its two-hundred day moving average is $278.38. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 24.00 and a beta of 1.00. Morningstar, Inc. has a 1 year low of $221.02 and a 1 year high of $365.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.19. The company had revenue of $605.10 million for the quarter, compared to analyst estimates of $605.84 million. Morningstar had a return on equity of 23.54% and a net margin of 17.22%.

Insider Activity

In other Morningstar news, Chairman Joseph D. Mansueto sold 7,250 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $256.50, for a total transaction of $1,859,625.00. Following the transaction, the chairman owned 9,373,175 shares of the company’s stock, valued at approximately $2,404,219,387.50. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 85,500 shares of company stock worth $22,341,957 over the last 90 days. Company insiders own 36.20% of the company’s stock.

Wall Street Analyst Weigh In

MORN has been the topic of several recent analyst reports. Wall Street Zen lowered Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Morningstar in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $355.00.

Morningstar 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.