RFG Bristol Wealth Advisors LLC Takes $405,000 Position in Morningstar, Inc. (NASDAQ:MORN)

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,201 shares of the business services provider's stock, valued at approximately $405,000.

A number of other large investors have also bought and sold shares of MORN. Norges Bank bought a new position in shares of Morningstar during the 4th quarter worth $111,694,000. Premier Fund Managers Ltd bought a new position in Morningstar during the fourth quarter worth about $50,694,000. Wellington Management Group LLP increased its stake in shares of Morningstar by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider's stock worth $363,903,000 after purchasing an additional 130,087 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Morningstar in the fourth quarter valued at approximately $33,829,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Morningstar by 339.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 117,156 shares of the business services provider's stock valued at $39,453,000 after buying an additional 90,466 shares in the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Joseph D. Mansueto sold 1,716 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $327.89, for a total transaction of $562,659.24. Following the transaction, the chairman now directly owns 10,151,120 shares of the company's stock, valued at $3,328,450,736.80. This represents a 0.02 % 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. In the last quarter, insiders have sold 59,544 shares of company stock worth $18,770,097. Company insiders own 39.90% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Morningstar from a "hold" rating to a "buy" rating in a report on Thursday. BMO Capital Markets decreased their price objective on Morningstar from $387.00 to $370.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd.

Morningstar Price Performance

Morningstar stock traded down $22.12 during midday trading on Friday, reaching $268.76. 193,873 shares of the stock were exchanged, compared to its average volume of 128,741. Morningstar, Inc. has a 52 week low of $268.31 and a 52 week high of $365.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $11.51 billion, a PE ratio of 35.50 and a beta of 1.16. The company's fifty day moving average is $309.72 and its 200-day moving average is $327.16.

Morningstar (NASDAQ:MORN - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.15. The business had revenue of $591.00 million during the quarter, compared to analyst estimates of $580.81 million. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a dividend of $0.455 per share. This is an increase from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, April 4th. Morningstar's payout ratio is presently 21.24%.

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.