Morningstar, Inc. (MORN) Holdings Raised by M&T Bank Corp

M&T Bank Corp grew its holdings in Morningstar, Inc. (NASDAQ:MORN) by 14.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,128 shares of the business services provider’s stock after acquiring an additional 1,421 shares during the quarter. M&T Bank Corp’s holdings in Morningstar were worth $1,062,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Champlain Investment Partners LLC increased its holdings in shares of Morningstar by 1.5% in the fourth quarter. Champlain Investment Partners LLC now owns 383,630 shares of the business services provider’s stock worth $37,201,000 after acquiring an additional 5,675 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Morningstar by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 255,809 shares of the business services provider’s stock worth $24,805,000 after acquiring an additional 1,635 shares in the last quarter. American Capital Management Inc. increased its holdings in shares of Morningstar by 2.3% in the fourth quarter. American Capital Management Inc. now owns 208,560 shares of the business services provider’s stock worth $20,224,000 after acquiring an additional 4,655 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Morningstar by 23.3% in the first quarter. Wells Fargo & Company MN now owns 203,107 shares of the business services provider’s stock worth $19,401,000 after acquiring an additional 38,367 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Morningstar by 83.3% in the fourth quarter. Millennium Management LLC now owns 167,453 shares of the business services provider’s stock worth $16,238,000 after acquiring an additional 76,091 shares in the last quarter. Institutional investors own 40.94% of the company’s stock.

Shares of Morningstar opened at $114.63 on Friday, Marketbeat.com reports. Morningstar, Inc. has a 1 year low of $72.43 and a 1 year high of $115.57. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 37.34 and a beta of 0.66. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.17.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter. The company had revenue of $243.10 million during the quarter. Morningstar had a return on equity of 16.54% and a net margin of 17.00%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.87%.

Separately, BidaskClub upgraded Morningstar from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 22nd.

In other news, insider Joseph D. Mansueto sold 20,909 shares of the company’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $107.48, for a total transaction of $2,247,299.32. Following the completion of the transaction, the insider now directly owns 23,771,512 shares of the company’s stock, valued at $2,554,962,109.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gail S. Landis sold 1,531 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $95.46, for a total value of $146,149.26. Following the transaction, the director now directly owns 5,350 shares of the company’s stock, valued at $510,711. The disclosure for this sale can be found here. Insiders have sold 94,238 shares of company stock valued at $10,318,404 over the last ninety days. 57.50% of the stock is owned by insiders.

About Morningstar

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.

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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