Handelsbanken Fonder AB Acquires 400 Shares of Morningstar, Inc. (NASDAQ:MORN)

Handelsbanken Fonder AB increased its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,372 shares of the business services provider’s stock after buying an additional 400 shares during the period. Handelsbanken Fonder AB’s holdings in Morningstar were worth $2,146,000 as of its most recent SEC filing.

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

Morningstar Stock Performance

Morningstar stock opened at $323.21 on Wednesday. Morningstar, Inc. has a 1-year low of $281.37 and a 1-year high of $365.00. 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 firm has a 50-day moving average of $329.57 and a 200-day moving average of $330.05. The firm has a market cap of $13.86 billion, a P/E ratio of 42.70 and a beta of 1.20.

Morningstar Increases Dividend

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

Insider Activity

In other news, CFO Jason Dubinsky sold 3,223 shares of the business’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. The trade was a 15.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $326.86, for a total value of $2,962,005.32. Following the transaction, the chairman now owns 10,109,617 shares of the company’s stock, valued at $3,304,429,412.62. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,499 shares of company stock valued at $10,373,523. Corporate insiders own 39.90% of the company’s stock.

Analysts Set New Price Targets

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

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.