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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 2,495 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $326.44, for a total transaction of $814,467.80. Following the sale, the chairman now owns 10,133,353 shares of the company’s stock, valued at $3,307,931,753.32. This trade represents a 0.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Morningstar Price Performance

Shares of NASDAQ:MORN 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 has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The stock has a market cap of $13.92 billion, a PE ratio of 42.89 and a beta of 1.20. The stock’s fifty day simple moving average is $336.37 and its two-hundred day simple moving average is $329.18.

Morningstar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 0.56%. This is an increase from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s dividend payout ratio is presently 24.04%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of 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 issued a buy rating to the stock. Based on data from MarketBeat, Morningstar has an average rating of “Moderate Buy” and an average price target of $360.67.

Institutional Investors Weigh In On Morningstar

Several institutional investors and hedge funds have recently added to or reduced their stakes in MORN. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 valued at $383,489,000 after acquiring an additional 102,206 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Morningstar by 13.9% during the 3rd quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider’s stock valued at $222,115,000 after purchasing an additional 85,098 shares during the last quarter. Boston Financial Mangement LLC bought a new stake in shares of Morningstar during the 3rd quarter worth $19,666,000. Raymond James Financial Inc. purchased a new position in shares of Morningstar in the 4th quarter worth about $16,497,000. Finally, FMR LLC boosted its holdings in shares of Morningstar by 10.9% in the 3rd quarter. FMR LLC now owns 400,520 shares of the business services provider’s stock worth $127,814,000 after buying an additional 39,263 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

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.