9,195 Shares in Morningstar, Inc. (MORN) Purchased by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC bought a new position in Morningstar, Inc. (NASDAQ:MORN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,195 shares of the business services provider’s stock, valued at approximately $892,000.

A number of other large investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in Morningstar by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock worth $118,000 after buying an additional 98 shares during the last quarter. Advisor Group Inc. increased its position in Morningstar by 57.3% in the fourth quarter. Advisor Group Inc. now owns 1,449 shares of the business services provider’s stock worth $141,000 after buying an additional 528 shares during the last quarter. US Bancorp DE increased its position in Morningstar by 5.3% in the fourth quarter. US Bancorp DE now owns 19,274 shares of the business services provider’s stock worth $1,869,000 after buying an additional 978 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Morningstar by 75.4% in the third quarter. Great West Life Assurance Co. Can now owns 2,725 shares of the business services provider’s stock worth $231,000 after buying an additional 1,171 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in Morningstar by 1.1% in the fourth quarter. Martingale Asset Management L P now owns 106,857 shares of the business services provider’s stock worth $10,363,000 after buying an additional 1,202 shares during the last quarter. 40.72% of the stock is owned by institutional investors and hedge funds.

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Separately, BidaskClub downgraded Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th.

In other news, Director Gail S. Landis sold 1,531 shares of Morningstar stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $95.46, for a total value of $146,149.26. Following the completion of the transaction, the director now directly owns 5,350 shares in the company, valued at $510,711. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven N. Kaplan sold 2,500 shares of Morningstar stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $96.91, for a total value of $242,275.00. Following the completion of the transaction, the director now owns 42,021 shares of the company’s stock, valued at $4,072,255.11. The disclosure for this sale can be found here. 57.40% of the stock is currently owned by insiders.

Shares of Morningstar, Inc. (NASDAQ MORN) opened at $97.68 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.64 and a quick ratio of 1.64. Morningstar, Inc. has a 52-week low of $68.43 and a 52-week high of $103.46. The stock has a market capitalization of $4,163.97, a price-to-earnings ratio of 30.62 and a beta of 0.69.

Morningstar (NASDAQ:MORN) last released its earnings results on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. Morningstar had a return on equity of 15.64% and a net margin of 15.02%. The business had revenue of $243.10 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, April 5th. Morningstar’s dividend payout ratio (DPR) is presently 31.35%.

Morningstar declared that its Board of Directors has authorized a stock buyback plan on Friday, December 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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About Morningstar

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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