Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $40,257.62 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 134 shares of Morningstar stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $300.43, for a total transaction of $40,257.62. Following the sale, the chairman now directly owns 10,726,348 shares of the company’s stock, valued at approximately $3,222,516,729.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Morningstar Trading Up 1.1 %

Morningstar stock traded up $3.22 during mid-day trading on Thursday, hitting $299.16. The company’s stock had a trading volume of 69,379 shares, compared to its average volume of 124,830. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 60.44 and a beta of 1.15. Morningstar, Inc. has a 12 month low of $185.15 and a 12 month high of $316.05. The business has a 50 day moving average price of $302.10 and a 200-day moving average price of $284.04.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 earnings per share 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a dividend of $0.405 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

Analysts Set New Price Targets

MORN has been the subject of several recent analyst reports. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

Institutional Investors Weigh In On Morningstar

Institutional investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new position in Morningstar during the fourth quarter valued at $29,000. GAMMA Investing LLC purchased a new stake in shares of Morningstar in the fourth quarter worth approximately $35,000. Harvest Fund Management Co. Ltd purchased a new stake in Morningstar in the 3rd quarter valued at about $42,000. Fifth Third Bancorp grew its stake in Morningstar by 55.2% in the third quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock worth $45,000 after purchasing an additional 69 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in Morningstar during the 4th quarter valued at about $65,000. Hedge funds and other 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.