UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 9,658 Shares of Morningstar, Inc. (NASDAQ:MORN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,337 shares of the business services provider's stock after buying an additional 9,658 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Morningstar worth $33,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Morningstar by 178.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Morningstar during the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of Morningstar in the 4th quarter valued at $40,000. V Square Quantitative Management LLC boosted its holdings in Morningstar by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock worth $47,000 after purchasing an additional 46 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Morningstar during the fourth quarter worth $71,000. Institutional investors own 57.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MORN. BMO Capital Markets boosted their price target on Morningstar from $339.00 to $355.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Wall Street Zen upgraded Morningstar from a "hold" rating to a "buy" rating in a report on Friday, May 2nd.

Insider Activity

In related news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $282.25, for a total value of $2,557,749.50. Following the completion of the sale, the chairman now owns 10,038,270 shares in the company, valued at approximately $2,833,301,707.50. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Caroline J. Tsay sold 200 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $309.84, for a total value of $61,968.00. Following the transaction, the director now owns 4,345 shares in the company, valued at $1,346,254.80. This represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,695 shares of company stock valued at $21,620,366. 36.20% of the stock is owned by company insiders.

Morningstar Stock Performance

MORN traded down $2.47 during trading on Wednesday, hitting $306.55. The stock had a trading volume of 200,920 shares, compared to its average volume of 143,111. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a 12 month low of $250.34 and a 12 month high of $365.00. The company has a 50 day simple moving average of $290.40 and a 200-day simple moving average of $315.72. The firm has a market cap of $12.95 billion, a PE ratio of 40.50 and a beta of 0.99.

Morningstar (NASDAQ:MORN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.13. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The business had revenue of $581.90 million for the quarter, compared to analyst estimates of $589.07 million.

Morningstar Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 0.59%. This is a boost from Morningstar's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, April 4th. Morningstar's dividend payout ratio is currently 20.45%.

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.