Wellington Management Group LLP Has $363.90 Million Position in Morningstar, Inc. (NASDAQ:MORN)

Wellington Management Group LLP lifted its holdings in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,080,599 shares of the business services provider's stock after purchasing an additional 130,087 shares during the quarter. Wellington Management Group LLP owned about 2.52% of Morningstar worth $363,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in Morningstar by 178.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock worth $26,000 after purchasing an additional 50 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Morningstar during the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in Morningstar during the fourth quarter worth approximately $40,000. V Square Quantitative Management LLC increased its holdings in shares of Morningstar by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider's stock valued at $47,000 after acquiring an additional 46 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Morningstar in the third quarter valued at about $58,000. 57.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Morningstar Stock Down 7.6 %

Shares of NASDAQ:MORN traded down $22.12 during midday trading on Friday, hitting $268.76. 193,873 shares of the company's stock traded hands, compared to its average volume of 128,741. The company has a market cap of $11.51 billion, a PE ratio of 35.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar, Inc. has a twelve month low of $268.31 and a twelve month high of $365.00. The firm's fifty day moving average price is $309.72 and its two-hundred day moving average price is $327.24.

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 analysts' consensus estimates of $1.99 by $0.15. The company had revenue of $591.00 million for the quarter, compared to analyst estimates of $580.81 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a $0.455 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.68%. Morningstar's dividend payout ratio (DPR) is currently 21.24%.

Insider Activity at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 1,280 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $320.57, for a total value of $410,329.60. Following the completion of the sale, the chairman now directly owns 10,130,378 shares in the company, valued at $3,247,495,275.46. This represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 59,544 shares of company stock worth $18,770,097 in the last ninety days. 39.90% of the stock is owned by insiders.

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.