Alliance Wealth Advisors LLC UT Has $1.61 Million Position in Morningstar, Inc. (NASDAQ:MORN)

Alliance Wealth Advisors LLC UT increased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,793 shares of the business services provider’s stock after acquiring an additional 91 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Morningstar were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MORN. V Square Quantitative Management LLC acquired a new stake in Morningstar in the third quarter valued at about $30,000. Venturi Wealth Management LLC increased its position in Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after purchasing an additional 61 shares in the last quarter. R Squared Ltd bought a new position in Morningstar in the 4th quarter valued at approximately $40,000. Farther Finance Advisors LLC grew its stake in shares of Morningstar by 93.6% during the third quarter. Farther Finance Advisors LLC now owns 182 shares of the business services provider’s stock worth $58,000 after buying an additional 88 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Morningstar during the third quarter worth $58,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Morningstar Trading Down 0.5 %

NASDAQ MORN opened at $326.91 on Tuesday. Morningstar, Inc. has a one year low of $269.51 and a one year high of $365.00. The business’s fifty day moving average is $339.20 and its 200-day moving average is $328.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 43.18 and a beta of 1.20.

Morningstar Increases Dividend

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

Wall Street Analyst Weigh In

MORN has been the subject of a number of research reports. UBS Group began coverage on shares of Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective for the company. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price for the company. in a research note on Wednesday, October 9th. Finally, StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $360.67.

Insider Buying and Selling at Morningstar

In related news, CFO Jason Dubinsky sold 3,223 shares of Morningstar stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $352.88, for a total value of $1,137,332.24. Following the completion of the transaction, the chief financial officer now directly owns 17,304 shares in the company, valued at approximately $6,106,235.52. The trade was a 15.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 7,222 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $349.67, for a total value of $2,525,316.74. Following the sale, the chairman now directly owns 10,801,361 shares in the company, valued at $3,776,911,900.87. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,787 shares of company stock valued at $11,515,028. Company insiders own 37.70% of the company’s stock.

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.