Diversify Wealth Management LLC Has $891,000 Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Diversify Wealth Management LLC increased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 25.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,821 shares of the business services provider’s stock after buying an additional 576 shares during the quarter. Diversify Wealth Management LLC’s holdings in Morningstar were worth $891,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Morningstar by 154.0% during the second quarter. Millennium Management LLC now owns 320,186 shares of the business services provider’s stock worth $94,727,000 after purchasing an additional 194,122 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Morningstar by 9.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after buying an additional 102,206 shares during the last quarter. Wasatch Advisors LP raised its holdings in Morningstar by 13.9% during the third quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider’s stock worth $222,115,000 after buying an additional 85,098 shares during the last quarter. Boston Financial Mangement LLC acquired a new position in shares of Morningstar during the third quarter valued at about $19,666,000. Finally, FMR LLC increased its position in shares of Morningstar by 10.9% during the third quarter. FMR LLC now owns 400,520 shares of the business services provider’s stock worth $127,814,000 after acquiring an additional 39,263 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price on the stock. in a report on Wednesday, October 9th. Finally, UBS Group assumed coverage on Morningstar in a report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price target for the company. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $360.67.

Insider Buying and Selling

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,062 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $329.45, for a total value of $2,985,475.90. Following the sale, the chairman now directly owns 10,836,656 shares in the company, valued at $3,570,136,319.20. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William M. Lyons sold 750 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $331.88, for a total value of $248,910.00. Following the transaction, the director now directly owns 12,840 shares in the company, valued at $4,261,339.20. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,661 shares of company stock valued at $17,723,744. 37.70% of the stock is owned by insiders.

Morningstar Trading Down 0.4 %

Shares of MORN stock opened at $327.17 on Tuesday. Morningstar, Inc. has a 52-week low of $269.51 and a 52-week high of $365.00. The company has a 50-day simple moving average of $341.23 and a two-hundred day simple moving average of $326.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 43.22 and a beta of 1.20.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.01). The business 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. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.56%. This is a boost 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 presently 24.04%.

Morningstar Company 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.