Joseph D. Mansueto Sells 3,635 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 3,635 shares of Morningstar stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $325.44, for a total transaction of $1,182,974.40. Following the completion of the transaction, the chairman now directly owns 10,142,694 shares in the company, valued at $3,300,838,335.36. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Morningstar Price Performance

Morningstar stock opened at $326.34 on Friday. 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 simple moving average of $336.92 and a 200-day simple moving average of $328.75. Morningstar, Inc. has a 12 month low of $269.51 and a 12 month high of $365.00. The stock has a market capitalization of $13.99 billion, a PE ratio of 43.11 and a beta of 1.20.

Morningstar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be paid a $0.455 dividend. 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. This is a boost from Morningstar’s previous quarterly dividend of $0.41. Morningstar’s dividend payout ratio (DPR) is 24.04%.

Institutional Trading of Morningstar

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in Morningstar by 9.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock valued at $383,489,000 after purchasing an additional 102,206 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Morningstar by 0.5% in the third quarter. Wellington Management Group LLP now owns 950,512 shares of the business services provider’s stock valued at $303,327,000 after buying an additional 5,158 shares in the last quarter. State Street Corp grew its holdings in Morningstar by 3.7% during the third quarter. State Street Corp now owns 804,293 shares of the business services provider’s stock worth $256,666,000 after acquiring an additional 28,698 shares during the period. Wasatch Advisors LP raised its position in Morningstar by 13.9% in the third quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider’s stock worth $222,115,000 after acquiring an additional 85,098 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 10,437 shares in the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.