Alberta Investment Management Corp Takes $423,000 Position in Morningstar, Inc. (NASDAQ:MORN)

Alberta Investment Management Corp purchased a new stake in shares of Morningstar, Inc. (NASDAQ:MORN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,256 shares of the business services provider’s stock, valued at approximately $423,000.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of Morningstar by 101.7% during the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 61 shares during the period. R Squared Ltd acquired a new position in shares of Morningstar during the fourth quarter valued at $40,000. V Square Quantitative Management LLC increased its holdings in shares of Morningstar by 49.5% during the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 46 shares during the period. Farther Finance Advisors LLC grew its holdings in Morningstar by 93.6% during the third quarter. Farther Finance Advisors LLC now owns 182 shares of the business services provider’s stock worth $58,000 after acquiring an additional 88 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Morningstar during the third quarter worth about $58,000. 57.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Morningstar from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $360.67.

Insiders Place Their Bets

In related news, CFO Jason Dubinsky sold 3,223 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $352.88, for a total value of $1,137,332.24. Following the completion of the transaction, the chief financial officer now owns 17,304 shares of the company’s stock, valued at approximately $6,106,235.52. This trade represents a 15.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $355.22, for a total transaction of $3,219,003.64. Following the sale, the chairman now directly owns 10,738,224 shares in the company, valued at approximately $3,814,431,929.28. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,168 shares of company stock worth $10,840,546. Company insiders own 39.90% of the company’s stock.

Morningstar Price Performance

NASDAQ:MORN opened at $322.38 on Friday. The business’s 50-day moving average price is $330.24 and its 200 day moving average price is $329.54. The firm has a market cap of $13.82 billion, a P/E ratio of 42.59 and a beta of 1.20. Morningstar, Inc. has a 52-week low of $273.56 and a 52-week high of $365.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

Morningstar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, October 3rd. This is an increase from Morningstar’s previous quarterly dividend of $0.41. 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.