Joseph D. Mansueto Sells 8,325 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,325 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $286.72, for a total transaction of $2,386,944.00. Following the completion of the sale, the chairman now directly owns 10,758,587 shares of the company’s stock, valued at $3,084,702,064.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Morningstar Trading Up 1.0 %

Shares of Morningstar stock opened at $294.03 on Friday. The company’s fifty day moving average is $302.00 and its two-hundred day moving average is $282.54. Morningstar, Inc. has a 1 year low of $180.48 and a 1 year high of $316.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.98. The company has a market capitalization of $12.57 billion, a P/E ratio of 59.40 and a beta of 1.15.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $542.80 million for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, April 4th. Morningstar’s dividend payout ratio is presently 32.73%.

Hedge Funds Weigh In On Morningstar

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Morningstar by 3.0% in the third quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock valued at $597,981,000 after acquiring an additional 75,275 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Morningstar by 31.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,398 shares of the business services provider’s stock valued at $81,693,000 after purchasing an additional 68,574 shares in the last quarter. Morgan Stanley increased its position in Morningstar by 1.0% during the 3rd quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider’s stock worth $458,481,000 after purchasing an additional 19,119 shares during the period. Mutual of America Capital Management LLC purchased a new position in shares of Morningstar during the 3rd quarter worth approximately $3,961,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Morningstar by 74.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 50,000 shares of the business services provider’s stock valued at $11,712,000 after buying an additional 21,314 shares during the period. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MORN. TheStreet raised Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th.

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.