Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,182,974.40 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 3,635 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $325.44, for a total transaction of $1,182,974.40. Following the transaction, the chairman now directly owns 10,142,694 shares of the company’s stock, valued at $3,300,838,335.36. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Morningstar Stock Up 0.5 %

Shares of MORN traded up $1.70 during midday trading on Thursday, reaching $327.07. The stock had a trading volume of 93,840 shares, compared to its average volume of 114,049. Morningstar, Inc. has a 1-year low of $269.51 and a 1-year high of $365.00. The company’s fifty day simple moving average is $337.50 and its two-hundred day simple moving average is $328.76. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 43.21 and a beta of 1.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14.

Morningstar Increases Dividend

The company 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. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.56%. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s dividend payout ratio (DPR) is presently 24.04%.

Institutional Investors Weigh In On Morningstar

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Morningstar by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider’s stock worth $158,772,000 after acquiring an additional 10,437 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Morningstar by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock worth $61,196,000 after acquiring an additional 5,045 shares in the last quarter. Victory Capital Management Inc. raised its stake in Morningstar by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock worth $5,056,000 after acquiring an additional 1,789 shares in the last quarter. Quantbot Technologies LP raised its stake in Morningstar by 259.3% during the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock worth $4,394,000 after acquiring an additional 9,937 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Morningstar during the 3rd quarter worth $3,181,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of 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 cut shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective for the company. in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Morningstar has an average rating of “Moderate Buy” and a consensus target price of $360.67.

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.