Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 4,285 Shares of Stock

Morningstar, Inc. (NASDAQ:MORNGet Free Report) Chairman Joseph D. Mansueto sold 4,285 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $299.50, for a total transaction of $1,283,357.50. Following the sale, the chairman now directly owns 10,693,165 shares in the company, valued at $3,202,602,917.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Morningstar Trading Up 1.0 %

NASDAQ:MORN traded up $2.92 during mid-day trading on Tuesday, hitting $300.04. The company had a trading volume of 116,485 shares, compared to its average volume of 121,494. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. Morningstar, Inc. has a fifty-two week low of $185.15 and a fifty-two week high of $316.05. The firm has a market cap of $12.83 billion, a P/E ratio of 60.30 and a beta of 1.15. The business’s fifty day moving average is $301.06 and its two-hundred day moving average is $287.52.

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

Morningstar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.54%. Morningstar’s dividend payout ratio is presently 32.73%.

Institutional Investors Weigh In On Morningstar

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Morningstar by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 2,576,670 shares of the business services provider’s stock worth $737,546,000 after purchasing an additional 23,812 shares during the period. Morgan Stanley boosted its position in shares of Morningstar by 1.0% during the third quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider’s stock worth $458,481,000 after buying an additional 19,119 shares during the period. Bamco Inc. NY grew its holdings in shares of Morningstar by 8.0% during the third quarter. Bamco Inc. NY now owns 1,326,608 shares of the business services provider’s stock worth $310,745,000 after buying an additional 98,191 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Morningstar by 6.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,075,731 shares of the business services provider’s stock valued at $307,917,000 after buying an additional 67,983 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in Morningstar by 5.3% in the 1st quarter. Wasatch Advisors LP now owns 562,099 shares of the business services provider’s stock valued at $173,334,000 after acquiring an additional 28,164 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd.

Check Out Our Latest Stock Analysis on Morningstar

Morningstar Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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