Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 5,724 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 5,724 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $311.27, for a total value of $1,781,709.48. Following the transaction, the chairman now owns 10,551,498 shares of the company’s stock, valued at approximately $3,284,364,782.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Morningstar Price Performance

NASDAQ MORN opened at $311.60 on Friday. The company has a 50-day moving average price of $307.22 and a two-hundred day moving average price of $300.10. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 62.95 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 0.63. Morningstar, Inc. has a 52 week low of $219.45 and a 52 week high of $330.22.

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

Morningstar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, July 12th. Morningstar’s dividend payout ratio (DPR) is 32.73%.

Institutional Investors Weigh In On Morningstar

Several institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in Morningstar by 14.1% during the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock valued at $93,000 after buying an additional 40 shares during the period. Versant Capital Management Inc increased its stake in shares of Morningstar by 21.9% during the second quarter. Versant Capital Management Inc now owns 245 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 44 shares during the period. Legacy Advisors LLC raised its holdings in Morningstar by 1.6% during the second quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock worth $895,000 after purchasing an additional 49 shares in the last quarter. GAMMA Investing LLC lifted its position in Morningstar by 38.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock worth $54,000 after purchasing an additional 51 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its stake in Morningstar by 7.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 754 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating and set a $352.00 price target on shares of Morningstar in a report on Wednesday.

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.