Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 1,280 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,280 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $320.57, for a total value of $410,329.60. Following the completion of the transaction, the chairman now owns 10,130,378 shares of the company’s stock, valued at $3,247,495,275.46. The trade was a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Morningstar Trading Down 1.1 %

MORN stock opened at $325.02 on Friday. Morningstar, Inc. has a 52 week low of $269.51 and a 52 week high of $365.00. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 42.94 and a beta of 1.20. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $333.94 and a 200-day simple moving average of $329.09.

Morningstar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.56%. This is an increase from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s dividend payout ratio (DPR) is 24.04%.

Hedge Funds Weigh In On Morningstar

Several hedge funds and other institutional investors have recently modified their holdings of MORN. Norges Bank purchased a new position in Morningstar in the fourth quarter valued at approximately $111,694,000. Premier Fund Managers Ltd purchased a new position in shares of Morningstar in the 4th quarter valued at $50,694,000. Wellington Management Group LLP lifted its holdings in shares of Morningstar by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider’s stock valued at $363,903,000 after acquiring an additional 130,087 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Morningstar by 9.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after purchasing an additional 102,206 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in Morningstar in the 4th quarter valued at $33,829,000. 57.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Morningstar presently has a consensus rating of “Moderate Buy” and a consensus target price 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.