Epoch Investment Partners Inc. Raises Holdings in Morningstar, Inc. (MORN)
Epoch Investment Partners Inc. boosted its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 60,147 shares of the business services provider’s stock after acquiring an additional 2,450 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Morningstar were worth $6,607,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Morningstar by 2.6% in the 4th quarter. California State Teachers Retirement System now owns 28,597 shares of the business services provider’s stock valued at $3,141,000 after purchasing an additional 726 shares in the last quarter. Ibex Investors LLC purchased a new position in shares of Morningstar in the 4th quarter valued at about $215,000. Stifel Financial Corp increased its stake in shares of Morningstar by 22.9% in the 4th quarter. Stifel Financial Corp now owns 13,265 shares of the business services provider’s stock valued at $1,461,000 after purchasing an additional 2,469 shares in the last quarter. Kepos Capital LP increased its stake in shares of Morningstar by 220.3% in the 4th quarter. Kepos Capital LP now owns 28,242 shares of the business services provider’s stock valued at $3,102,000 after purchasing an additional 19,426 shares in the last quarter. Finally, United Services Automobile Association increased its stake in shares of Morningstar by 4.6% in the 4th quarter. United Services Automobile Association now owns 6,052 shares of the business services provider’s stock valued at $665,000 after purchasing an additional 268 shares in the last quarter. 41.67% of the stock is owned by institutional investors.
In other Morningstar news, Chairman Joseph D. Mansueto sold 8,648 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $106.75, for a total transaction of $923,174.00. Following the completion of the sale, the chairman now directly owns 22,657,024 shares in the company, valued at approximately $2,418,637,312. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph D. Mansueto sold 23,049 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $108.09, for a total value of $2,491,366.41. Following the sale, the insider now owns 22,641,820 shares of the company’s stock, valued at $2,447,354,323.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 354,700 shares of company stock valued at $41,687,378. 57.50% of the stock is owned by company insiders.
Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.13. Morningstar had a return on equity of 18.22% and a net margin of 17.94%. The firm had revenue of $262.70 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.12 annualized dividend and a yield of 0.94%.
Several equities analysts recently weighed in on the company. BidaskClub lowered Morningstar from a “sell” rating to a “strong sell” rating in a research note on Thursday. ValuEngine upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd.
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Morningstar Company 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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