Joseph D. Mansueto Sells 2,495 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 2,495 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $326.44, for a total value of $814,467.80. Following the completion of the sale, the chairman now directly owns 10,133,353 shares of the company’s stock, valued at $3,307,931,753.32. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Morningstar Trading Down 0.5 %

Shares of MORN stock opened at $324.67 on Tuesday. 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 $336.37 and its two-hundred day simple moving average is $329.18. 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 stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 42.89 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. Investors of record on Friday, October 3rd will be issued a dividend of $0.455 per share. This is a boost from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.82 dividend on an annualized basis and a yield of 0.56%. Morningstar’s dividend payout ratio is 24.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Morningstar has an average rating of “Moderate Buy” and an average target price of $360.67.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Morningstar by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,815 shares of the business services provider’s stock worth $4,996,000 after buying an additional 936 shares in the last quarter. Kensington Investment Counsel LLC increased its holdings in Morningstar by 0.6% during the 4th quarter. Kensington Investment Counsel LLC now owns 10,682 shares of the business services provider’s stock worth $3,597,000 after acquiring an additional 67 shares during the period. Nicholas Company Inc. lifted its stake in Morningstar by 115.2% in the 4th quarter. Nicholas Company Inc. now owns 56,630 shares of the business services provider’s stock worth $19,071,000 after purchasing an additional 30,320 shares in the last quarter. Glenview Trust co bought a new position in Morningstar in the 4th quarter valued at $227,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Morningstar by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,269 shares of the business services provider’s stock valued at $427,000 after purchasing an additional 265 shares in 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.