Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $551,773.35 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,695 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $325.53, for a total value of $551,773.35. Following the completion of the sale, the chairman now directly owns 10,131,658 shares of the company’s stock, valued at $3,298,158,628.74. The trade was a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Morningstar Stock Down 0.4 %

MORN stock traded down $1.27 during mid-day trading on Wednesday, reaching $320.26. 96,164 shares of the company traded hands, compared to its average volume of 110,695. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average price is $335.18 and its 200 day moving average price is $329.16. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 42.31 and a beta of 1.20. Morningstar, Inc. has a fifty-two week low of $269.51 and a fifty-two week high of $365.00.

Morningstar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 0.57%. This is an increase from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, October 3rd. Morningstar’s dividend payout ratio is presently 24.04%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Morningstar

Hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in shares of Morningstar by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,626 shares of the business services provider’s stock worth $1,895,000 after purchasing an additional 37 shares during the last quarter. Versant Capital Management Inc grew its holdings in Morningstar by 15.9% during the fourth quarter. Versant Capital Management Inc now owns 285 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 39 shares during the period. CIBC Asset Management Inc increased its position in Morningstar by 3.4% in the third quarter. CIBC Asset Management Inc now owns 1,259 shares of the business services provider’s stock worth $402,000 after buying an additional 41 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Morningstar by 49.5% in the fourth quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock valued at $47,000 after buying an additional 46 shares during the period. Finally, Planning Alternatives Ltd. ADV lifted its position in shares of Morningstar by 2.2% during the 3rd quarter. Planning Alternatives Ltd. ADV now owns 2,254 shares of the business services provider’s stock valued at $719,000 after buying an additional 49 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

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.