Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 8,325 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,325 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $286.72, for a total transaction of $2,386,944.00. Following the transaction, the chairman now owns 10,758,587 shares in the company, valued at approximately $3,084,702,064.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Morningstar Stock Performance

Morningstar stock traded up $3.05 during midday trading on Friday, hitting $294.03. 97,591 shares of the company were exchanged, compared to its average volume of 126,772. Morningstar, Inc. has a fifty-two week low of $180.48 and a fifty-two week high of $316.05. The firm has a market capitalization of $12.57 billion, a PE ratio of 58.78 and a beta of 1.15. The business has a fifty day simple moving average of $302.09 and a two-hundred day simple moving average of $281.79. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.98.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The business had revenue of $542.80 million for the quarter.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a $0.405 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.55%. Morningstar’s dividend payout ratio (DPR) is currently 32.73%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd.

Institutional Investors Weigh In On Morningstar

A number of institutional investors have recently modified their holdings of MORN. Central Pacific Bank Trust Division purchased a new position in Morningstar during the first quarter worth approximately $979,000. BNP Paribas Financial Markets lifted its position in shares of Morningstar by 104.2% during the 1st quarter. BNP Paribas Financial Markets now owns 6,114 shares of the business services provider’s stock valued at $1,885,000 after buying an additional 3,120 shares in the last quarter. Precision Wealth Strategies LLC grew its stake in Morningstar by 35.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 2,123 shares of the business services provider’s stock valued at $655,000 after acquiring an additional 554 shares during the period. Diversify Advisory Services LLC purchased a new stake in Morningstar in the 1st quarter worth $575,000. Finally, Retirement Systems of Alabama increased its holdings in Morningstar by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 32,709 shares of the business services provider’s stock worth $10,086,000 after acquiring an additional 86 shares in the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

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.