Pekin Singer Strauss Asset Management IL increased its position in Morningstar, Inc. (NASDAQ:MORN) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,536 shares of the business services provider’s stock after buying an additional 1 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Morningstar were worth $277,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its position in Morningstar by 0.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,383 shares of the business services provider’s stock worth $265,000 after buying an additional 29 shares during the last quarter. Cardinal Capital Management increased its position in Morningstar by 18.2% in the second quarter. Cardinal Capital Management now owns 13,450 shares of the business services provider’s stock worth $1,054,000 after buying an additional 2,073 shares during the last quarter. Sei Investments Co. increased its position in Morningstar by 49.8% in the second quarter. Sei Investments Co. now owns 49,472 shares of the business services provider’s stock worth $3,875,000 after buying an additional 16,448 shares during the last quarter. YHB Investment Advisors Inc. increased its position in Morningstar by 16.0% in the second quarter. YHB Investment Advisors Inc. now owns 22,846 shares of the business services provider’s stock worth $1,790,000 after buying an additional 3,145 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Morningstar by 13.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 108,021 shares of the business services provider’s stock worth $8,463,000 after buying an additional 13,110 shares during the last quarter. 38.89% of the stock is owned by institutional investors.

Morningstar, Inc. (MORN) opened at 82.04 on Friday. Morningstar, Inc. has a 52 week low of $67.74 and a 52 week high of $84.68. The firm’s 50 day moving average is $80.09 and its 200-day moving average is $77.60. The company has a market cap of $3.49 billion, a P/E ratio of 21.53 and a beta of 0.75.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 7th were given a $0.23 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.92 annualized dividend and a yield of 1.12%. Morningstar’s dividend payout ratio (DPR) is 24.08%.

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Separately, BidaskClub downgraded shares of Morningstar from a “hold” rating to a “sell” rating in a research note on Friday, June 9th.

In other Morningstar news, insider Bevin Desmond sold 3,002 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $83.21, for a total value of $249,796.42. Following the completion of the sale, the insider now directly owns 34,040 shares of the company’s stock, valued at approximately $2,832,468.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gail S. Landis sold 500 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $83.00, for a total transaction of $41,500.00. Following the completion of the sale, the director now directly owns 7,881 shares of the company’s stock, valued at $654,123. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,002 shares of company stock valued at $332,401. 57.40% of the stock is owned by corporate insiders.

About Morningstar

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.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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