944 Shares in Morningstar, Inc. (NASDAQ:MORN) Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 944 shares of the business services provider’s stock, valued at approximately $301,000.

Several other hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Morningstar by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,679 shares of the business services provider’s stock valued at $28,299,000 after buying an additional 6,205 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Morningstar by 1.2% during the third quarter. MetLife Investment Management LLC now owns 15,159 shares of the business services provider’s stock valued at $4,838,000 after buying an additional 179 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Morningstar by 282.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 22,931 shares of the business services provider’s stock worth $7,318,000 after acquiring an additional 16,931 shares during the period. BNP Paribas Financial Markets lifted its holdings in Morningstar by 16.9% during the third quarter. BNP Paribas Financial Markets now owns 5,983 shares of the business services provider’s stock worth $1,909,000 after acquiring an additional 866 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Morningstar by 259.3% during the third quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock worth $4,394,000 after acquiring an additional 9,937 shares during the period. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Morningstar Stock Up 0.4 %

Shares of NASDAQ:MORN opened at $357.57 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $15.33 billion, a P/E ratio of 47.24 and a beta of 1.19. The stock has a 50 day moving average price of $341.21 and a 200-day moving average price of $317.98. Morningstar, Inc. has a 52-week low of $269.51 and a 52-week high of $362.01.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.01). The company had revenue of $569.40 million during the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be paid a $0.455 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.82 annualized dividend and a dividend yield of 0.51%. This is an increase from Morningstar’s previous quarterly dividend of $0.41. Morningstar’s dividend payout ratio is presently 24.04%.

Insider Buying and Selling

In other Morningstar news, Director William M. Lyons sold 750 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total transaction of $248,910.00. Following the sale, the director now directly owns 12,840 shares in the company, valued at approximately $4,261,339.20. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 118 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $342.13, for a total value of $40,371.34. Following the completion of the transaction, the chairman now owns 10,788,378 shares in the company, valued at approximately $3,691,027,765.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,188 shares of company stock worth $16,823,772 in the last 90 days. Insiders own 37.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MORN. UBS Group began coverage on Morningstar in a report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price target on the stock. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target on the stock. in a report on Wednesday, October 9th. BMO Capital Markets reiterated an “outperform” rating and set a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. Finally, StockNews.com lowered Morningstar from a “buy” rating to a “hold” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $360.67.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.