Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 7,486 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 7,486 shares of Morningstar stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $298.30, for a total transaction of $2,233,073.80. Following the completion of the sale, the chairman now directly owns 10,733,826 shares in the company, valued at approximately $3,201,900,295.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Morningstar Price Performance

Morningstar stock opened at $299.86 on Wednesday. The firm has a market capitalization of $12.82 billion, a P/E ratio of 60.58 and a beta of 1.15. Morningstar, Inc. has a one year low of $185.10 and a one year high of $316.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day moving average price of $302.16 and a 200-day moving average price of $283.95.

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

Morningstar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, April 4th. Morningstar’s dividend payout ratio is presently 32.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MORN. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MORN. Principal Securities Inc. bought a new stake in Morningstar during the fourth quarter valued at $29,000. GAMMA Investing LLC bought a new stake in shares of Morningstar during the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Morningstar during the third quarter worth about $42,000. Fifth Third Bancorp increased its position in shares of Morningstar by 55.2% in the third quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock worth $45,000 after purchasing an additional 69 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in Morningstar in the fourth quarter valued at approximately $65,000. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

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.