Aperio Group LLC Buys 12,210 Shares of Morningstar, Inc. (MORN)

Aperio Group LLC raised its stake in Morningstar, Inc. (NASDAQ:MORN) by 137.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 21,071 shares of the business services provider’s stock after buying an additional 12,210 shares during the quarter. Aperio Group LLC’s holdings in Morningstar were worth $1,791,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in Morningstar by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,510 shares of the business services provider’s stock valued at $118,000 after buying an additional 98 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Morningstar by 12.2% in the second quarter. Pacer Advisors Inc. now owns 2,321 shares of the business services provider’s stock valued at $182,000 after buying an additional 253 shares during the last quarter. Farr Miller & Washington LLC DC bought a new stake in Morningstar in the second quarter valued at $253,000. Public Employees Retirement Association of Colorado lifted its stake in Morningstar by 0.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,383 shares of the business services provider’s stock valued at $265,000 after buying an additional 29 shares during the last quarter. Finally, Utah Retirement Systems lifted its stake in Morningstar by 6.1% in the second quarter. Utah Retirement Systems now owns 3,490 shares of the business services provider’s stock valued at $274,000 after buying an additional 200 shares during the last quarter. Institutional investors own 39.30% of the company’s stock.

Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th.

Shares of Morningstar, Inc. (MORN) opened at $88.81 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $3,760.48, a price-to-earnings ratio of 33.62 and a beta of 0.75. Morningstar, Inc. has a one year low of $68.43 and a one year high of $89.45.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 18th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Tuesday, October 17th. Morningstar’s payout ratio is 23.53%.

In related news, Director Jack Noonan sold 20,000 shares of Morningstar stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $85.46, for a total transaction of $1,709,200.00. Following the sale, the director now directly owns 3,344 shares in the company, valued at $285,778.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gail S. Landis sold 500 shares of Morningstar stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $87.00, for a total transaction of $43,500.00. Following the sale, the director now owns 47,921 shares in the company, valued at $4,169,127. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock worth $1,795,200 over the last quarter. 57.40% of the stock is currently owned by company insiders.

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Morningstar Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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