Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $562,659.24 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,716 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $327.89, for a total value of $562,659.24. Following the completion of the transaction, the chairman now directly owns 10,151,120 shares in the company, valued at $3,328,450,736.80. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Morningstar Stock Performance

Shares of MORN stock opened at $325.37 on Thursday. The stock’s 50-day moving average is $338.10 and its two-hundred day moving average is $328.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar, Inc. has a 1 year low of $269.51 and a 1 year high of $365.00. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 42.98 and a beta of 1.20.

Morningstar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, October 3rd. This is an increase from Morningstar’s previous quarterly dividend of $0.41. Morningstar’s dividend payout ratio (DPR) is currently 24.04%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of Morningstar by 9.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after acquiring an additional 102,206 shares during the last quarter. Wellington Management Group LLP boosted its stake in Morningstar by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 950,512 shares of the business services provider’s stock worth $303,327,000 after purchasing an additional 5,158 shares during the period. State Street Corp grew its position in Morningstar by 3.7% during the 3rd quarter. State Street Corp now owns 804,293 shares of the business services provider’s stock worth $256,666,000 after purchasing an additional 28,698 shares during the last quarter. Wasatch Advisors LP increased its stake in Morningstar by 13.9% in the third 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 period. Finally, Geode Capital Management LLC raised its holdings in shares of Morningstar by 2.1% in the third quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider’s stock valued at $158,772,000 after buying an additional 10,437 shares during the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MORN shares. Redburn Atlantic downgraded Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective on the stock. in a report on Wednesday, October 9th. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.