Morningstar (MORN) Posts Earnings Results

Morningstar (NASDAQ:MORN) posted its earnings results on Wednesday, April 24th. The business services provider reported $0.77 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $258.90 million during the quarter. Morningstar had a return on equity of 17.95% and a net margin of 16.84%.

MORN stock opened at $134.44 on Friday. Morningstar has a 52 week low of $99.67 and a 52 week high of $146.64. The firm has a market cap of $5.69 billion, a PE ratio of 34.53 and a beta of 0.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.83%.

In related news, insider Joseph D. Mansueto sold 16,547 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $126.10, for a total value of $2,086,576.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph D. Mansueto sold 19,334 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $125.89, for a total value of $2,433,957.26. Following the completion of the sale, the insider now owns 22,402,070 shares of the company’s stock, valued at $2,820,196,592.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 334,574 shares of company stock valued at $42,118,953. 54.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. United Services Automobile Association grew its stake in shares of Morningstar by 4.6% during the fourth quarter. United Services Automobile Association now owns 6,052 shares of the business services provider’s stock valued at $665,000 after acquiring an additional 268 shares in the last quarter. TrimTabs Asset Management LLC acquired a new stake in shares of Morningstar during the fourth quarter valued at about $1,216,000. Kepos Capital LP grew its stake in shares of Morningstar by 153.0% during the third quarter. Kepos Capital LP now owns 8,816 shares of the business services provider’s stock valued at $1,110,000 after acquiring an additional 5,331 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Morningstar by 4.7% during the third quarter. TIAA CREF Investment Management LLC now owns 70,659 shares of the business services provider’s stock valued at $8,896,000 after acquiring an additional 3,194 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Morningstar by 1,826.4% during the fourth quarter. SG Americas Securities LLC now owns 26,141 shares of the business services provider’s stock valued at $2,871,000 after acquiring an additional 24,784 shares in the last quarter. Hedge funds and other institutional investors own 42.53% of the company’s stock.

Separately, BidaskClub raised Morningstar from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th.

TRADEMARK VIOLATION WARNING: This report was originally published by Mayfield Recorder and is owned by of Mayfield Recorder. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://mayfieldrecorder.com/2019/05/18/morningstar-morn-announces-quarterly-earnings-results.html.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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.

Featured Article: Catch-Up Contributions

Earnings History for Morningstar (NASDAQ:MORN)

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