Nuveen Asset Management LLC Invests $16.23 Million in Morningstar, Inc. (NASDAQ:MORN)

Nuveen Asset Management LLC acquired a new position in Morningstar, Inc. (NASDAQ:MORN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 112,176 shares of the business services provider’s stock, valued at approximately $16,225,000. Nuveen Asset Management LLC owned 0.26% of Morningstar at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MORN. FMR LLC increased its stake in shares of Morningstar by 26.5% in the first quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock worth $195,833,000 after acquiring an additional 325,848 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Morningstar by 114.2% in the second quarter. Bank of New York Mellon Corp now owns 219,592 shares of the business services provider’s stock worth $31,762,000 after acquiring an additional 117,093 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of Morningstar by 24.8% in the second quarter. Mawer Investment Management Ltd. now owns 483,300 shares of the business services provider’s stock worth $69,905,000 after acquiring an additional 96,000 shares during the period. BlackRock Inc. increased its stake in shares of Morningstar by 8.5% in the second quarter. BlackRock Inc. now owns 885,567 shares of the business services provider’s stock worth $128,087,000 after acquiring an additional 69,173 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Morningstar by 291.4% in the second quarter. Invesco Ltd. now owns 71,536 shares of the business services provider’s stock worth $10,347,000 after acquiring an additional 53,258 shares during the period. Hedge funds and other institutional investors own 43.98% of the company’s stock.

NASDAQ:MORN opened at $145.09 on Wednesday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 37.58 and a beta of 0.79. Morningstar, Inc. has a 1-year low of $99.67 and a 1-year high of $162.53. The company’s fifty day moving average price is $154.61 and its 200-day moving average price is $144.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63.



Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.98 EPS for the quarter. The company had revenue of $273.90 million for the quarter. Morningstar had a net margin of 16.52% and a return on equity of 17.36%.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, October 17th. This represents a $1.12 annualized dividend and a yield of 0.77%.

A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of Morningstar from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. ValuEngine lowered shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

In other Morningstar news, Chairman Joseph D. Mansueto sold 9,009 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $144.32, for a total transaction of $1,300,178.88. Following the transaction, the chairman now directly owns 21,347,230 shares of the company’s stock, valued at $3,080,832,233.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Joseph D. Mansueto sold 8,435 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $151.78, for a total transaction of $1,280,264.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 325,239 shares of company stock worth $50,326,174. 54.10% of the stock is owned by company insiders.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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