Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 1,280 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,280 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $320.57, for a total transaction of $410,329.60. Following the completion of the transaction, the chairman now directly owns 10,130,378 shares of the company’s stock, valued at approximately $3,247,495,275.46. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $325.02 on Friday. 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 company’s 50-day moving average price is $333.94 and its 200 day moving average price is $329.09. Morningstar, Inc. has a 52 week low of $269.51 and a 52 week high of $365.00. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 42.94 and a beta of 1.20.

Morningstar Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend 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 currently 24.04%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $360.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in Morningstar by 2.1% during the third quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider’s stock worth $158,772,000 after buying an additional 10,437 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Morningstar by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock worth $61,196,000 after purchasing an additional 5,045 shares in the last quarter. Victory Capital Management Inc. raised its stake in Morningstar by 12.7% in the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock valued at $5,056,000 after purchasing an additional 1,789 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Morningstar by 259.3% in the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock valued at $4,394,000 after purchasing an additional 9,937 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Morningstar during the 3rd quarter worth about $3,181,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

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.