XTX Topco Ltd Boosts Holdings in Morningstar, Inc. (NASDAQ:MORN)

XTX Topco Ltd grew its position in Morningstar, Inc. (NASDAQ:MORN) by 80.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,299 shares of the business services provider’s stock after acquiring an additional 1,023 shares during the quarter. XTX Topco Ltd’s holdings in Morningstar were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MORN. CIBC Asset Management Inc raised its position in Morningstar by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 1,259 shares of the business services provider’s stock worth $402,000 after purchasing an additional 41 shares during the period. Legacy Advisors LLC raised its holdings in shares of Morningstar by 1.6% in the second quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock worth $895,000 after buying an additional 49 shares during the period. Planning Alternatives Ltd. ADV lifted its stake in shares of Morningstar by 2.2% during the 3rd quarter. Planning Alternatives Ltd. ADV now owns 2,254 shares of the business services provider’s stock worth $719,000 after acquiring an additional 49 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Morningstar by 7.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider’s stock worth $223,000 after acquiring an additional 51 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Morningstar by 38.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 196 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 54 shares during the period. Institutional investors own 57.02% of the company’s stock.

Insiders Place Their Bets

In other news, Director William M. Lyons sold 750 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total value of $248,910.00. Following the completion of the transaction, the director now owns 12,840 shares of the company’s stock, valued at $4,261,339.20. The trade was a 5.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $328.22, for a total value of $2,974,329.64. Following the completion of the sale, the chairman now owns 10,845,718 shares in the company, valued at approximately $3,559,781,561.96. This represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,188 shares of company stock valued at $16,823,772. 37.70% of the stock is currently owned by corporate insiders.

Morningstar Stock Up 0.3 %

Shares of Morningstar stock opened at $358.47 on Thursday. Morningstar, Inc. has a 1 year low of $269.51 and a 1 year high of $362.01. 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 cap of $15.37 billion, a price-to-earnings ratio of 47.35 and a beta of 1.19. The firm’s 50-day moving average is $342.01 and its two-hundred day moving average is $318.26.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). The company had revenue of $569.40 million during the quarter. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.51%. This is an increase from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s payout ratio is 24.04%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th. Redburn Atlantic lowered shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective for the company. in a report on Wednesday, October 9th. StockNews.com lowered shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Monday, December 2nd. Finally, UBS Group initiated coverage on Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target for the company. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $360.67.

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.