Morningstar, Inc. (NASDAQ:MORN) Stock Position Raised by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its holdings in shares of Morningstar, Inc. (NASDAQ:MORN) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,327 shares of the business services provider’s stock after buying an additional 68 shares during the period. CIBC Asset Management Inc’s holdings in Morningstar were worth $447,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new stake in shares of Morningstar during the 4th quarter valued at about $40,000. Venturi Wealth Management LLC grew its position in shares of Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after buying an additional 61 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Morningstar by 49.5% during the 4th quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock valued at $47,000 after buying an additional 46 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Morningstar during the 3rd quarter valued at about $58,000. Finally, Farther Finance Advisors LLC grew its position in Morningstar by 93.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 182 shares of the business services provider’s stock worth $58,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar Price Performance

NASDAQ MORN opened at $322.38 on Monday. Morningstar, Inc. has a 52 week low of $273.56 and a 52 week high of $365.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 42.59 and a beta of 1.20. The company has a 50-day moving average price of $330.24 and a two-hundred day moving average price of $329.73.

Morningstar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be issued a $0.455 dividend. The ex-dividend date is Friday, October 3rd. This is a boost from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 0.56%. Morningstar’s dividend payout ratio (DPR) is 24.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Monday, February 17th.

Insider Activity

In other news, Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $355.22, for a total value of $3,219,003.64. Following the completion of the transaction, the chairman now directly owns 10,738,224 shares in the company, valued at $3,814,431,929.28. This trade represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Dubinsky sold 3,223 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $352.88, for a total transaction 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 $6,106,235.52. This trade represents a 15.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,168 shares of company stock worth $10,840,546 over the last three months. Corporate insiders own 39.90% of the company’s stock.

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.