Joseph D. Mansueto Sells 9,376 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,376 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $262.61, for a total value of $2,462,231.36. Following the transaction, the chairman now owns 11,482,829 shares in the company, valued at $3,015,505,723.69. The sale was disclosed in a document filed with the SEC, which is available at this link.

Morningstar Stock Performance

MORN stock opened at $262.77 on Thursday. The firm has a market cap of $11.21 billion, a PE ratio of 158.46 and a beta of 1.14. The company has a quick ratio of 0.99, a current ratio of 0.94 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $240.52 and a 200-day moving average of $217.43. Morningstar, Inc. has a 12-month low of $163.28 and a 12-month high of $265.04.

Morningstar Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in Morningstar by 685.1% during the fourth quarter. Morgan Stanley now owns 1,219,174 shares of the business services provider’s stock valued at $264,061,000 after buying an additional 1,063,888 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Morningstar by 1,022.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 754,704 shares of the business services provider’s stock valued at $147,975,000 after acquiring an additional 687,459 shares during the period. Perpetual Ltd bought a new position in shares of Morningstar during the 1st quarter valued at approximately $79,610,000. Massachusetts Financial Services Co. MA grew its position in shares of Morningstar by 60.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,007,748 shares of the business services provider’s stock valued at $236,055,000 after acquiring an additional 380,391 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Morningstar by 43.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,254,599 shares of the business services provider’s stock valued at $245,989,000 after acquiring an additional 378,671 shares during the period. Institutional investors own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MORN. StockNews.com assumed coverage on shares of Morningstar in a report on Thursday, October 5th. They issued a “hold” rating for the company. Redburn Atlantic raised shares of Morningstar from a “neutral” rating to an “overweight” rating and set a $320.00 price objective for the company in a research report on Monday, October 30th.

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.