83 Shares in Morningstar, Inc. (NASDAQ:MORN) Acquired by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC bought a new stake in Morningstar, Inc. (NASDAQ:MORN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 83 shares of the business services provider’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MORN. Blue Trust Inc. boosted its holdings in shares of Morningstar by 125.2% during the 3rd quarter. Blue Trust Inc. now owns 250 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 139 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Morningstar by 1.4% during the third quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the business services provider’s stock valued at $2,393,000 after purchasing an additional 100 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Morningstar by 2.1% in the third quarter. State of Alaska Department of Revenue now owns 15,202 shares of the business services provider’s stock valued at $4,850,000 after buying an additional 315 shares during the period. Boston Financial Mangement LLC acquired a new position in shares of Morningstar in the third quarter valued at approximately $19,666,000. Finally, Diversify Wealth Management LLC raised its holdings in Morningstar by 6.8% in the 3rd quarter. Diversify Wealth Management LLC now owns 2,245 shares of the business services provider’s stock valued at $767,000 after buying an additional 143 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Monday, February 17th.

Insider Transactions at Morningstar

In other news, Chairman Joseph D. Mansueto sold 3,635 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $325.44, for a total value of $1,182,974.40. Following the transaction, the chairman now directly owns 10,142,694 shares of the company’s stock, valued at $3,300,838,335.36. The trade was a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Dubinsky sold 3,223 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $352.88, for a total value of $1,137,332.24. Following the sale, the chief financial officer now directly owns 17,304 shares of the company’s stock, valued at $6,106,235.52. This represents a 15.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,499 shares of company stock worth $10,373,523. Company insiders own 39.90% of the company’s stock.

Morningstar Trading Up 0.4 %

Shares of MORN stock opened at $323.21 on Wednesday. The stock has a 50-day moving average of $329.04 and a 200-day moving average of $330.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The stock has a market cap of $13.86 billion, a price-to-earnings ratio of 42.70 and a beta of 1.20. Morningstar, Inc. has a 1-year low of $281.37 and a 1-year high of $365.00.

Morningstar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.455 per share. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.82 annualized dividend and a yield of 0.56%. Morningstar’s dividend payout ratio (DPR) is presently 24.04%.

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.