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 firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $325.44, for a total value of $1,182,974.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Morningstar Trading Down 0.2 %

Shares of Morningstar stock opened at $326.34 on Friday. Morningstar, Inc. has a 1 year low of $269.51 and a 1 year high of $365.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day moving average price of $336.92 and a 200 day moving average price of $328.75. The company has a market capitalization of $13.99 billion, a P/E ratio of 43.11 and a beta of 1.20.

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 given a $0.455 dividend. This is an increase from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s dividend payout ratio is currently 24.04%.

Institutional Trading of Morningstar

A number of large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in Morningstar by 178.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Morningstar during the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Morningstar during the third quarter worth approximately $30,000. Venturi Wealth Management LLC grew its stake in Morningstar by 101.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after acquiring an additional 61 shares during the period. Finally, R Squared Ltd acquired a new position in Morningstar in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Morningstar presently has an average rating of “Moderate Buy” and a consensus 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.