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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 3,635 shares of the firm’s stock in a transaction that occurred 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 owns 10,142,694 shares in the company, valued at $3,300,838,335.36. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Morningstar Stock Up 0.5 %

Shares of NASDAQ:MORN opened at $327.07 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 has a fifty day simple moving average of $337.50 and a 200 day simple moving average of $328.76. The firm has a market cap of $14.02 billion, a PE ratio of 43.21 and a beta of 1.20. Morningstar, Inc. has a 12-month low of $269.51 and a 12-month high of $365.00.

Morningstar Increases Dividend

The business 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 $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.56%. 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. Morningstar’s payout ratio is 24.04%.

Institutional Trading of Morningstar

A number of hedge funds and other institutional investors have recently made changes to their positions in MORN. Geode Capital Management LLC boosted its holdings in Morningstar by 2.1% in the third 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in Morningstar by 2.7% in the third 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 during the period. Victory Capital Management Inc. boosted its holdings in shares of Morningstar by 12.7% during the third quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock valued at $5,056,000 after acquiring an additional 1,789 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Morningstar by 259.3% during the third quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock valued at $4,394,000 after acquiring an additional 9,937 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Morningstar during the third quarter valued at $3,181,000. Institutional investors own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

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