Joseph D. Mansueto Sells 11,334 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 11,334 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $262.98, for a total transaction of $2,980,615.32. Following the completion of the transaction, the chairman now directly owns 11,471,495 shares of the company’s stock, valued at $3,016,773,755.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Morningstar Stock Performance

NASDAQ MORN opened at $262.77 on Thursday. Morningstar, Inc. has a 52-week low of $163.28 and a 52-week high of $265.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.99 and a current ratio of 0.94. The company has a market capitalization of $11.21 billion, a P/E ratio of 158.46 and a beta of 1.14. The company has a fifty day moving average of $240.52 and a 200-day moving average of $217.43.

Morningstar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 5th. Morningstar’s dividend payout ratio (DPR) is currently 90.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MORN shares. StockNews.com started coverage on Morningstar in a research note on Thursday, October 5th. They set a “hold” rating for the company. Redburn Atlantic upgraded Morningstar from a “neutral” rating to an “overweight” rating and set a $320.00 price target for the company in a research report on Monday, October 30th.

Institutional Investors Weigh In On Morningstar

Several hedge funds have recently added to or reduced their stakes in MORN. Brown Brothers Harriman & Co. bought a new stake in Morningstar in the 1st quarter worth approximately $25,000. Allworth Financial LP lifted its holdings in shares of Morningstar by 90.1% in the 2nd quarter. Allworth Financial LP now owns 135 shares of the business services provider’s stock worth $26,000 after acquiring an additional 64 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Morningstar by 7,500.0% in the 4th quarter. Meeder Asset Management Inc. now owns 152 shares of the business services provider’s stock worth $33,000 after acquiring an additional 150 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Morningstar by 60.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 173 shares of the business services provider’s stock worth $34,000 after acquiring an additional 65 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Morningstar in the 3rd quarter worth approximately $42,000. Institutional investors own 57.02% of the company’s stock.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Canada, Asia, Australia, Europe, the United Kingdom, and internationally. The company provides investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index; environmental, social, and governance (ESG) rating, as well as indexes directly on its proprietary desktop or web-based software platforms, or through subscriptions, data feeds, and third-party distributors; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, private credit, and bank loans.