Oppenheimer & Co. Inc. Takes $314,000 Position in Morningstar, Inc. (MORN)

Oppenheimer & Co. Inc. purchased a new position in Morningstar, Inc. (NASDAQ:MORN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,493 shares of the business services provider’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new position in Morningstar during the 3rd quarter worth approximately $2,202,000. First Trust Advisors LP raised its position in Morningstar by 118.3% during the 3rd quarter. First Trust Advisors LP now owns 70,792 shares of the business services provider’s stock worth $8,913,000 after buying an additional 38,359 shares during the last quarter. Aperio Group LLC raised its position in Morningstar by 9.6% during the 3rd quarter. Aperio Group LLC now owns 39,413 shares of the business services provider’s stock worth $4,962,000 after buying an additional 3,451 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in Morningstar during the 3rd quarter worth approximately $2,037,000. Finally, Atria Investments LLC raised its position in Morningstar by 51.8% during the 3rd quarter. Atria Investments LLC now owns 4,444 shares of the business services provider’s stock worth $559,000 after buying an additional 1,516 shares during the last quarter. Hedge funds and other institutional investors own 39.56% of the company’s stock.

MORN opened at $124.67 on Friday. Morningstar, Inc. has a 12-month low of $86.62 and a 12-month high of $144.34. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 33.80 and a beta of 0.76.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 16th.

Separately, BidaskClub lowered shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th.

In other Morningstar news, insider Joseph D. Mansueto sold 13,833 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $125.80, for a total transaction of $1,740,191.40. Following the completion of the transaction, the insider now directly owns 22,959,144 shares of the company’s stock, valued at approximately $2,888,260,315.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph D. Mansueto sold 18,615 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $124.14, for a total transaction of $2,310,866.10. Following the transaction, the insider now directly owns 22,976,012 shares of the company’s stock, valued at $2,852,242,129.68. The disclosure for this sale can be found here. Insiders have sold a total of 338,334 shares of company stock valued at $44,981,704 over the last three months. 57.50% of the stock is currently owned by insiders.

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Morningstar Profile

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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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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