Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $551,773.35 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,695 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $325.53, for a total transaction of $551,773.35. Following the completion of the sale, the chairman now directly owns 10,131,658 shares in the company, valued at $3,298,158,628.74. This trade represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Morningstar Price Performance

Shares of MORN opened at $325.02 on Friday. Morningstar, Inc. has a fifty-two week low of $269.51 and a fifty-two week high of $365.00. The firm’s 50 day moving average price is $333.94 and its 200 day moving average price is $329.09. The company has a market cap of $13.94 billion, a P/E ratio of 42.94 and a beta of 1.20. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be paid a dividend of $0.455 per share. This is an increase from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s dividend payout ratio is presently 24.04%.

Institutional Investors Weigh In On Morningstar

Several large investors have recently added to or reduced their stakes in the business. Voleon Capital Management LP purchased a new stake in Morningstar during the 4th quarter worth approximately $7,380,000. Schonfeld Strategic Advisors LLC grew its holdings in Morningstar by 212.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 7,390 shares of the business services provider’s stock worth $2,489,000 after acquiring an additional 5,024 shares in the last quarter. AQR Capital Management LLC grew its holdings in Morningstar by 70.2% during the 4th quarter. AQR Capital Management LLC now owns 13,100 shares of the business services provider’s stock worth $4,412,000 after acquiring an additional 5,403 shares in the last quarter. Northern Trust Corp grew its holdings in Morningstar by 18.6% during the 4th quarter. Northern Trust Corp now owns 230,149 shares of the business services provider’s stock worth $77,505,000 after acquiring an additional 36,133 shares in the last quarter. Finally, Quarry LP grew its holdings in Morningstar by 942.3% during the 4th quarter. Quarry LP now owns 542 shares of the business services provider’s stock worth $183,000 after acquiring an additional 490 shares in the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.