Teachers Advisors LLC raised its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,907 shares of the business services provider’s stock after buying an additional 908 shares during the period. Teachers Advisors LLC owned about 0.09% of Morningstar worth $3,676,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden Gate Private Equity Inc. increased its holdings in shares of Morningstar by 6.2% during the fourth quarter. Golden Gate Private Equity Inc. now owns 68,300 shares of the business services provider’s stock worth $6,623,000 after buying an additional 4,000 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Morningstar by 12.8% during the third quarter. New York State Common Retirement Fund now owns 176,029 shares of the business services provider’s stock worth $14,961,000 after buying an additional 20,000 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in shares of Morningstar during the fourth quarter worth approximately $735,000. Advisory Services Network LLC increased its holdings in shares of Morningstar by 3,455.7% during the fourth quarter. Advisory Services Network LLC now owns 2,809 shares of the business services provider’s stock worth $272,000 after buying an additional 2,730 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Morningstar by 5.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 113,946 shares of the business services provider’s stock worth $9,685,000 after buying an additional 5,925 shares in the last quarter. 40.72% of the stock is owned by institutional investors.
NASDAQ MORN opened at $98.10 on Friday. The company has a market cap of $4,113.68, a PE ratio of 34.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.64 and a quick ratio of 1.64. Morningstar, Inc. has a 1-year low of $68.43 and a 1-year high of $103.46.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, April 5th.
Separately, BidaskClub lowered shares of Morningstar from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th.
In other news, Director Gail S. Landis sold 1,531 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $95.46, for a total transaction of $146,149.26. Following the completion of the sale, the director now owns 5,350 shares of the company’s stock, valued at $510,711. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 57.40% of the company’s stock.
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Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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