Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 1,695 Shares of Stock

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

Morningstar Stock Performance

Shares of MORN opened at $320.26 on Thursday. The firm has a market capitalization of $13.73 billion, a P/E ratio of 42.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average of $335.18 and a 200 day moving average of $329.16. Morningstar, Inc. has a one year low of $269.51 and a one year high of $365.00.

Morningstar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.57%. 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%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Morningstar

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in shares of Morningstar by 178.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock valued at $26,000 after buying an additional 50 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new position in Morningstar during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in Morningstar during the third quarter worth about $30,000. Venturi Wealth Management LLC lifted its holdings in shares of Morningstar by 101.7% in the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 61 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Morningstar during the fourth quarter worth approximately $40,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

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.