Royal Bank of Canada trimmed its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,109 shares of the business services provider’s stock after selling 43 shares during the quarter. Royal Bank of Canada’s holdings in Morningstar were worth $166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MORN. Public Employees Retirement Association of Colorado increased its stake in Morningstar by 0.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,383 shares of the business services provider’s stock worth $265,000 after acquiring an additional 29 shares during the last quarter. Cardinal Capital Management increased its stake in Morningstar by 18.2% in the 2nd quarter. Cardinal Capital Management now owns 13,450 shares of the business services provider’s stock worth $1,054,000 after acquiring an additional 2,073 shares during the last quarter. Sei Investments Co. increased its stake in Morningstar by 49.8% in the 2nd quarter. Sei Investments Co. now owns 49,472 shares of the business services provider’s stock worth $3,875,000 after acquiring an additional 16,448 shares during the last quarter. YHB Investment Advisors Inc. increased its stake in Morningstar by 16.0% in the 2nd quarter. YHB Investment Advisors Inc. now owns 22,846 shares of the business services provider’s stock worth $1,790,000 after acquiring an additional 3,145 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Morningstar by 13.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,021 shares of the business services provider’s stock worth $8,463,000 after acquiring an additional 13,110 shares during the last quarter. Institutional investors and hedge funds own 38.61% of the company’s stock.

Morningstar, Inc. (NASDAQ:MORN) opened at $92.28 on Friday. The firm has a market capitalization of $3,934.85, a PE ratio of 35.18 and a beta of 0.75. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.26. Morningstar, Inc. has a one year low of $68.43 and a one year high of $93.29.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 18th were paid a $0.23 dividend. The ex-dividend date was Tuesday, October 17th. This represents a $0.92 dividend on an annualized basis and a yield of 1.00%. Morningstar’s dividend payout ratio is currently 23.53%.

Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th.

In other news, Director Steven N. Kaplan sold 2,500 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $91.85, for a total transaction of $229,625.00. Following the transaction, the director now directly owns 44,821 shares in the company, valued at approximately $4,116,808.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gail S. Landis sold 500 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $85.00, for a total value of $42,500.00. Following the transaction, the director now owns 7,381 shares in the company, valued at $627,385. The disclosure for this sale can be found here. Insiders sold a total of 23,500 shares of company stock worth $2,024,825 over the last 90 days. Corporate insiders own 57.40% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Royal Bank of Canada Has $166,000 Position in Morningstar, Inc. (MORN)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.watchlistnews.com/royal-bank-of-canada-has-166000-position-in-morningstar-inc-morn/1725264.html.

Morningstar Company Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.