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

Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 1,695 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $325.53, for a total value of $551,773.35. Following the completion of the transaction, the chairman now directly owns 10,131,658 shares in the company, valued at $3,298,158,628.74. This represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Morningstar Stock Performance

Shares of MORN stock traded down $3.78 during mid-day trading on Friday, reaching $325.02. The stock had a trading volume of 87,679 shares, compared to its average volume of 110,206. The business's fifty day moving average is $333.28 and its 200-day moving average is $329.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 42.94 and a beta of 1.20. Morningstar, Inc. has a 1-year low of $269.51 and a 1-year high of $365.00.

Morningstar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be paid a $0.455 dividend. This is an increase from Morningstar's previous quarterly dividend of $0.41. The ex-dividend date 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 is presently 24.04%.

Institutional Trading of Morningstar

A number of hedge funds have recently modified their holdings of MORN. Smartleaf Asset Management LLC boosted its stake in shares of Morningstar by 178.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider's stock worth $26,000 after buying an additional 50 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Morningstar in the fourth quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Morningstar in the third quarter worth about $30,000. Venturi Wealth Management LLC boosted its stake in shares of Morningstar by 101.7% in the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider's stock worth $39,000 after buying an additional 61 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Morningstar in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 57.02% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Morningstar from a "hold" rating to a "buy" rating in a report 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. Based on data from MarketBeat.com, Morningstar currently has an average rating of "Moderate Buy" and an average target price of $360.67.

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.