Morningstar, Inc. (NASDAQ:MORN) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Morningstar, Inc. (NASDAQ:MORN - Free Report) by 31.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 285,398 shares of the business services provider's stock after acquiring an additional 68,574 shares during the period. Allspring Global Investments Holdings LLC owned about 0.67% of Morningstar worth $81,693,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its stake in Morningstar by 7,500.0% during the fourth quarter. Meeder Asset Management Inc. now owns 152 shares of the business services provider's stock worth $33,000 after purchasing an additional 150 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Morningstar during the 3rd quarter worth about $42,000. Fifth Third Bancorp boosted its holdings in Morningstar by 55.2% during the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider's stock valued at $45,000 after acquiring an additional 69 shares during the period. Exchange Traded Concepts LLC acquired a new position in Morningstar in the 3rd quarter valued at about $48,000. Finally, Harbor Investment Advisory LLC purchased a new stake in Morningstar during the third quarter worth about $52,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Morningstar

In related news, Director Steven N. Kaplan sold 1,250 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $306.81, for a total value of $383,512.50. Following the completion of the transaction, the director now directly owns 44,427 shares of the company's stock, valued at $13,630,647.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 7,470 shares of the firm'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 of the company's stock, valued at $3,029,334,071.73. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven N. Kaplan sold 1,250 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $306.81, for a total value of $383,512.50. Following the completion of the sale, the director now directly owns 44,427 shares of the company's stock, valued at $13,630,647.87. The disclosure for this sale can be found here. Insiders have sold a total of 95,544 shares of company stock worth $27,733,515 over the last ninety days. Corporate insiders own 37.70% of the company's stock.

Morningstar Stock Down 0.7 %

Shares of MORN traded down $2.17 during midday trading on Wednesday, hitting $312.89. The company had a trading volume of 91,048 shares, compared to its average volume of 131,086. Morningstar, Inc. has a 1 year low of $163.28 and a 1 year high of $316.05. The firm has a market capitalization of $13.37 billion, a P/E ratio of 95.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The company's 50-day simple moving average is $296.19 and its 200-day simple moving average is $275.13.

Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $1.97 earnings per share (EPS) for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%. The company had revenue of $538.70 million during the quarter.

Morningstar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.52%. The ex-dividend date is Thursday, April 4th. Morningstar's dividend payout ratio (DPR) is presently 49.39%.

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.