Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 1,695 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,695 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $325.53, for a total transaction of $551,773.35. Following the completion of the transaction, the chairman now owns 10,131,658 shares of the company’s stock, valued at approximately $3,298,158,628.74. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Morningstar Stock Down 1.1 %

Shares of NASDAQ:MORN opened at $325.02 on Friday. The stock has a market cap of $13.94 billion, a P/E ratio of 42.94 and a beta of 1.20. The firm has a fifty day moving average price of $333.94 and a 200 day moving average price of $329.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a 1-year low of $269.51 and a 1-year high of $365.00.

Morningstar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be paid a dividend of $0.455 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.82 dividend on an annualized basis and a yield of 0.56%. This is a boost from Morningstar’s previous quarterly dividend of $0.41. Morningstar’s dividend payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $360.67.

Institutional Trading of Morningstar

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Morningstar by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider’s stock worth $158,772,000 after purchasing an additional 10,437 shares during the period. Charles Schwab Investment Management Inc. raised its position in Morningstar by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock worth $61,196,000 after buying an additional 5,045 shares during the last quarter. Victory Capital Management Inc. raised its position in Morningstar by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 15,843 shares of the business services provider’s stock worth $5,056,000 after buying an additional 1,789 shares during the last quarter. Quantbot Technologies LP raised its position in Morningstar by 259.3% during the 3rd quarter. Quantbot Technologies LP now owns 13,769 shares of the business services provider’s stock worth $4,394,000 after buying an additional 9,937 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Morningstar during the 3rd quarter worth $3,181,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

About Morningstar

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.