Brevan Howard Capital Management LP Has $3.78 Million Stock Position in Morningstar, Inc. $MORN

Brevan Howard Capital Management LP boosted its stake in Morningstar, Inc. (NASDAQ:MORN) by 74.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,304 shares of the business services provider’s stock after purchasing an additional 6,950 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Morningstar were worth $3,783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MORN. Bamco Inc. NY increased its holdings in Morningstar by 9.2% in the 3rd quarter. Bamco Inc. NY now owns 1,414,305 shares of the business services provider’s stock valued at $328,133,000 after buying an additional 118,979 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Morningstar by 55.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,425 shares of the business services provider’s stock valued at $1,026,000 after buying an additional 1,582 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Morningstar by 153.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 22,747 shares of the business services provider’s stock worth $5,278,000 after acquiring an additional 13,774 shares during the period. Algert Global LLC boosted its position in shares of Morningstar by 13.4% during the 3rd quarter. Algert Global LLC now owns 50,039 shares of the business services provider’s stock worth $11,610,000 after acquiring an additional 5,896 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of Morningstar by 114.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 24,245 shares of the business services provider’s stock worth $5,625,000 after acquiring an additional 12,915 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group set a $280.00 price target on Morningstar in a report on Friday, February 13th. Finally, Weiss Ratings downgraded Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $236.50.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 7,304 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $160.63, for a total value of $1,173,241.52. Following the sale, the chairman owned 8,184,212 shares of the company’s stock, valued at $1,314,629,973.56. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 85,243 shares of company stock worth $14,219,154 in the last quarter. 36.20% of the stock is currently owned by insiders.

Morningstar Stock Down 0.3%

Shares of NASDAQ MORN opened at $182.66 on Tuesday. The company has a 50 day simple moving average of $188.05 and a 200 day simple moving average of $211.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 0.99. Morningstar, Inc. has a 1 year low of $149.08 and a 1 year high of $316.71. The firm has a market cap of $7.23 billion, a PE ratio of 20.50 and a beta of 1.10.

Morningstar (NASDAQ:MORN) last posted its earnings results on Thursday, February 12th. The business services provider reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.37. The firm had revenue of $641.10 million for the quarter, compared to analyst estimates of $634.43 million. Morningstar had a net margin of 15.30% and a return on equity of 27.94%.

Morningstar Company Profile

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.