Insider Selling: Morningstar (NASDAQ:MORN) Chairman Sells $1,310,800.00 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $180.80, for a total value of $1,310,800.00. Following the completion of the transaction, the chairman directly owned 8,230,125 shares in the company, valued at approximately $1,488,006,600. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Morningstar Price Performance

Shares of MORN opened at $165.47 on Monday. The firm’s 50 day moving average price is $210.44 and its 200 day moving average price is $228.52. Morningstar, Inc. has a twelve month low of $164.62 and a twelve month high of $330.55. The firm has a market cap of $6.81 billion, a PE ratio of 18.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.04.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 2nd. Morningstar’s dividend payout ratio (DPR) is 22.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Morningstar during the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Morningstar during the third quarter worth about $26,000. Osterweis Capital Management Inc. bought a new position in Morningstar during the second quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in Morningstar in the 4th quarter valued at approximately $35,000. Finally, True Wealth Design LLC lifted its position in shares of Morningstar by 120.5% in the 4th quarter. True Wealth Design LLC now owns 172 shares of the business services provider’s stock worth $37,000 after acquiring an additional 94 shares during the period. Institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MORN shares. BMO Capital Markets set a $250.00 price target on shares of Morningstar in a research report on Thursday, October 30th. UBS Group decreased their price target on shares of Morningstar from $350.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Morningstar in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Morningstar has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Morningstar Company Profile

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.