31,906 Shares in Morningstar, Inc. (NASDAQ:MORN) Acquired by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new stake in Morningstar, Inc. (NASDAQ:MORN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,906 shares of the business services provider’s stock, valued at approximately $9,133,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in shares of Morningstar during the third quarter worth approximately $48,000. Xponance Inc. raised its position in Morningstar by 63.8% in the 3rd quarter. Xponance Inc. now owns 5,758 shares of the business services provider’s stock valued at $1,349,000 after buying an additional 2,243 shares during the last quarter. Raymond James & Associates grew its stake in Morningstar by 0.7% in the 3rd quarter. Raymond James & Associates now owns 18,690 shares of the business services provider’s stock valued at $4,378,000 after purchasing an additional 128 shares during the period. Bank of New York Mellon Corp increased its position in shares of Morningstar by 43.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 389,627 shares of the business services provider’s stock valued at $91,266,000 after purchasing an additional 117,514 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of Morningstar during the 3rd quarter worth $1,312,000. Institutional investors own 57.02% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Joseph D. Mansueto sold 12,650 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $298.12, for a total value of $3,771,218.00. Following the completion of the transaction, the chairman now directly owns 10,859,171 shares of the company’s stock, valued at $3,237,336,058.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Morningstar news, Chairman Joseph D. Mansueto sold 7,481 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $282.08, for a total transaction of $2,110,240.48. Following the completion of the transaction, the chairman now owns 10,908,710 shares of the company’s stock, valued at $3,077,128,916.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 12,650 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $298.12, for a total transaction of $3,771,218.00. Following the completion of the transaction, the chairman now owns 10,859,171 shares of the company’s stock, valued at $3,237,336,058.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,913 shares of company stock worth $30,983,090. 37.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MORN shares. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd.

Morningstar Price Performance

Shares of NASDAQ MORN traded down $3.92 during midday trading on Wednesday, hitting $295.94. 60,642 shares of the company’s stock were exchanged, compared to its average volume of 125,453. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $302.16 and its two-hundred day moving average price is $283.95. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 60.58 and a beta of 1.15. Morningstar, Inc. has a 12-month low of $185.10 and a 12-month high of $316.05.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 earnings per share for the quarter. The firm had revenue of $542.80 million for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s payout ratio is 32.73%.

Morningstar Company Profile

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.