Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 1,716 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,716 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $327.89, for a total value of $562,659.24. Following the transaction, the chairman now directly owns 10,151,120 shares of the company’s stock, valued at approximately $3,328,450,736.80. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Morningstar Stock Down 0.4 %

Shares of Morningstar stock traded down $1.21 on Tuesday, reaching $325.70. The company’s stock had a trading volume of 85,385 shares, compared to its average volume of 116,817. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 43.03 and a beta of 1.20. The firm’s fifty day simple moving average is $338.68 and its two-hundred day simple moving average is $328.64. Morningstar, Inc. has a 52 week low of $269.51 and a 52 week high of $365.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

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 issued a $0.455 dividend. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.56%. Morningstar’s dividend payout ratio (DPR) is presently 24.04%.

Analyst Upgrades and Downgrades

MORN has been the subject of a number of analyst reports. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective for the company. in a research report on Wednesday, October 9th. Finally, UBS Group initiated coverage on Morningstar in a research report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $360.67.

Institutional Trading of Morningstar

A number of institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. increased its holdings in shares of Morningstar by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,626 shares of the business services provider’s stock worth $1,895,000 after purchasing an additional 37 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Morningstar by 15.9% in the 4th quarter. Versant Capital Management Inc now owns 285 shares of the business services provider’s stock worth $96,000 after purchasing an additional 39 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Morningstar by 3.4% in the 3rd 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 in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Morningstar by 49.5% in the 4th quarter. V Square Quantitative Management LLC now owns 139 shares of the business services provider’s stock worth $47,000 after buying an additional 46 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV boosted its stake in shares of Morningstar by 2.2% in the 3rd quarter. Planning Alternatives Ltd. ADV now owns 2,254 shares of the business services provider’s stock worth $719,000 after buying an additional 49 shares during the last quarter. 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.