Joseph D. Mansueto Sells 1,695 Shares of Morningstar, Inc. (NASDAQ:MORN) 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 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 approximately $3,298,158,628.74. The trade was a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Morningstar Price Performance

MORN opened at $328.80 on Friday. Morningstar, Inc. has a 1 year low of $269.51 and a 1 year high of $365.00. 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 company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 43.43 and a beta of 1.20. The firm’s fifty day moving average price is $334.51 and its two-hundred day moving average price is $329.09.

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. The ex-dividend date of this dividend is Friday, October 3rd. This is a boost from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.55%. Morningstar’s payout ratio is 24.04%.

Institutional Investors Weigh In On Morningstar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 worth $26,000 after buying an additional 50 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in Morningstar during the fourth quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in Morningstar in the third quarter worth $30,000. Venturi Wealth Management LLC grew its stake in Morningstar by 101.7% in the 3rd 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 during the period. Finally, R Squared Ltd purchased a new stake in shares of Morningstar during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.