Cwm LLC Raises Position in Morningstar, Inc. (NASDAQ:MORN)

Cwm LLC raised its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 324 shares of the business services provider’s stock after buying an additional 40 shares during the period. Cwm LLC’s holdings in Morningstar were worth $93,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Martin Capital Advisors LLP increased its holdings in Morningstar by 1.8% during the 4th quarter. Martin Capital Advisors LLP now owns 4,356 shares of the business services provider’s stock valued at $1,247,000 after purchasing an additional 77 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Morningstar by 10.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,614 shares of the business services provider’s stock worth $1,607,000 after purchasing an additional 549 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Morningstar in the fourth quarter worth $2,090,000. Cerity Partners LLC bought a new stake in Morningstar during the fourth quarter worth about $867,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Morningstar by 31.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,398 shares of the business services provider’s stock worth $81,693,000 after purchasing an additional 68,574 shares in the last quarter. 57.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

MORN has been the topic of several recent analyst reports. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 12,650 shares of the business’s 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 sale, the chairman now directly owns 10,859,171 shares in the company, valued at approximately $3,237,336,058.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 12,650 shares of the stock in a transaction that occurred on 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 transaction, the chairman now directly owns 10,859,171 shares in the company, valued at $3,237,336,058.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joseph D. Mansueto sold 4,675 shares of Morningstar stock in a transaction on Friday, March 8th. The stock was sold at an average price of $311.07, for a total transaction of $1,454,252.25. Following the transaction, the chairman now owns 10,776,823 shares in the company, valued at approximately $3,352,346,330.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,913 shares of company stock worth $30,983,090. 37.70% of the stock is owned by insiders.

Morningstar Stock Performance

Shares of NASDAQ MORN opened at $299.86 on Wednesday. The firm’s 50-day moving average price is $302.16 and its 200-day moving average price is $283.95. Morningstar, Inc. has a 52-week low of $185.10 and a 52-week high of $316.05. The company has a market cap of $12.82 billion, a PE ratio of 60.58 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. The company 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Thursday, April 4th. Morningstar’s payout ratio is currently 32.73%.

Morningstar 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.