Morningstar, Inc. (NASDAQ:MORN) Position Boosted by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT grew its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,541 shares of the business services provider’s stock after purchasing an additional 51 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Morningstar were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of Morningstar by 88.4% in the fourth quarter. Truist Financial Corp now owns 2,006 shares of the business services provider’s stock worth $574,000 after buying an additional 941 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in shares of Morningstar by 137.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 423 shares of the business services provider’s stock worth $122,000 after buying an additional 245 shares during the period. GAMMA Investing LLC acquired a new position in shares of Morningstar in the fourth quarter worth about $35,000. Linden Thomas Advisory Services LLC boosted its holdings in shares of Morningstar by 3.1% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,379 shares of the business services provider’s stock worth $2,112,000 after buying an additional 224 shares during the period. Finally, Duality Advisers LP acquired a new position in shares of Morningstar in the fourth quarter worth about $4,053,000. Institutional investors own 57.02% of the company’s stock.

Morningstar Stock Down 0.4 %

Shares of MORN stock traded down $1.17 during trading on Friday, hitting $286.29. 110,967 shares of the company were exchanged, compared to its average volume of 106,408. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.98. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 57.84 and a beta of 1.15. The business’s 50-day simple moving average is $301.12 and its 200 day simple moving average is $280.26. Morningstar, Inc. has a twelve month low of $163.28 and a twelve month high of $316.05.

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

Morningstar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, April 4th. Morningstar’s payout ratio is presently 32.73%.

Insider Activity at Morningstar

In other news, Chairman Joseph D. Mansueto sold 7,470 shares of Morningstar stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $277.23, for a total value of $2,070,908.10. Following the transaction, the chairman now owns 10,927,151 shares of the company’s stock, valued at $3,029,334,071.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Chairman Joseph D. Mansueto sold 7,668 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $278.69, for a total transaction of $2,136,994.92. Following the transaction, the chairman now owns 10,916,191 shares in the company, valued at approximately $3,042,233,269.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Joseph D. Mansueto sold 7,470 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $277.23, for a total transaction of $2,070,908.10. Following the transaction, the chairman now owns 10,927,151 shares in the company, valued at approximately $3,029,334,071.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,544 shares of company stock valued at $27,733,515. 39.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on MORN. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

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.