Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $814,467.80 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 2,495 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $326.44, for a total transaction of $814,467.80. Following the completion of the sale, the chairman now owns 10,133,353 shares in the company, valued at approximately $3,307,931,753.32. This trade represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Morningstar Trading Down 0.4 %

MORN stock opened at $320.26 on Thursday. Morningstar, Inc. has a twelve month low of $269.51 and a twelve month high of $365.00. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 42.31 and a beta of 1.20. 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 fifty day simple moving average is $335.18 and its two-hundred day simple moving average is $329.16.

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 issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend 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 Analyst Weigh In

Separately, StockNews.com raised 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $360.67.

Institutional Trading of Morningstar

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