Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $410,329.60 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,280 shares of Morningstar stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $320.57, for a total transaction of $410,329.60. Following the completion of the transaction, the chairman now owns 10,130,378 shares in the company, valued at approximately $3,247,495,275.46. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $325.02 on Friday. The firm has a market capitalization of $13.94 billion, a P/E ratio of 42.94 and a beta of 1.20. Morningstar, Inc. has a one year low of $269.51 and a one year high of $365.00. The company’s fifty day moving average is $333.28 and its two-hundred day moving average is $329.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14.

Morningstar Increases Dividend

The business 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 is a positive change from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s payout ratio is presently 24.04%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Morningstar

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in shares of Morningstar by 178.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock worth $26,000 after buying an additional 50 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Morningstar during the 4th quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Morningstar during the 3rd quarter worth $30,000. R Squared Ltd acquired a new position in shares of Morningstar during the 4th quarter worth $40,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after buying an additional 61 shares during the last quarter. 57.02% of the stock is currently 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.