Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 5,117 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 5,117 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $304.70, for a total value of $1,559,149.90. Following the transaction, the chairman now owns 10,620,679 shares in the company, valued at $3,236,120,891.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Morningstar Stock Performance

Shares of NASDAQ MORN opened at $305.47 on Monday. The business’s 50-day simple moving average is $300.84 and its 200-day simple moving average is $296.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.98 and a current ratio of 1.05. Morningstar, Inc. has a 52 week low of $213.38 and a 52 week high of $330.22. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 61.71 and a beta of 1.17.

Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%. The firm had revenue of $571.90 million during the quarter.

Morningstar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were issued a $0.405 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.62 annualized dividend and a yield of 0.53%. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Investors Weigh In On Morningstar

A number of hedge funds have recently bought and sold shares of MORN. Vanguard Group Inc. lifted its position in shares of Morningstar by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,576,670 shares of the business services provider’s stock worth $737,546,000 after purchasing an additional 23,812 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Morningstar by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,099,502 shares of the business services provider’s stock worth $325,288,000 after buying an additional 4,822 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Morningstar by 5.3% in the first quarter. Wasatch Advisors LP now owns 562,099 shares of the business services provider’s stock valued at $173,334,000 after acquiring an additional 28,164 shares during the period. Wellington Management Group LLP grew its stake in shares of Morningstar by 45.9% in the fourth quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock worth $145,835,000 after acquiring an additional 160,281 shares during the last quarter. Finally, Norges Bank bought a new position in Morningstar during the fourth quarter worth $85,814,000. 57.02% of the stock is currently owned by institutional investors.

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.