Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 9,062 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $326.86, for a total value of $2,962,005.32. Following the completion of the sale, the chairman now directly owns 10,109,617 shares in the company, valued at approximately $3,304,429,412.62. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Morningstar Stock Down 0.4 %

MORN opened at $327.11 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The business’s fifty day simple moving average is $330.85 and its 200 day simple moving average is $329.39. Morningstar, Inc. has a 52 week low of $270.44 and a 52 week high of $365.00. The stock has a market cap of $14.03 billion, a PE ratio of 43.21 and a beta of 1.20.

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 given a dividend of $0.455 per share. The ex-dividend date is Friday, October 3rd. This is a positive change 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 is 24.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Morningstar has a consensus rating of “Moderate Buy” and a consensus price target of $360.67.

Institutional Trading of Morningstar

A number of hedge funds have recently bought and sold shares of MORN. Norges Bank bought a new position in Morningstar during the fourth quarter valued at approximately $111,694,000. Balyasny Asset Management L.P. purchased a new stake in shares of Morningstar in the 4th quarter valued at $56,584,000. Premier Fund Managers Ltd bought a new position in shares of Morningstar during the 4th quarter valued at $50,694,000. Wellington Management Group LLP raised its position in Morningstar by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider’s stock worth $363,903,000 after purchasing an additional 130,087 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Morningstar by 9.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after purchasing an additional 102,206 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

About Morningstar

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.