Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $2,233,073.80 in Stock

Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 7,486 shares of the business's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $298.30, for a total value of $2,233,073.80. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link.

Morningstar Trading Up 0.3 %

NASDAQ:MORN traded up $0.88 during mid-day trading on Tuesday, hitting $299.86. The company had a trading volume of 114,781 shares, compared to its average volume of 126,191. Morningstar, Inc. has a fifty-two week low of $185.10 and a fifty-two week high of $316.05. The business's fifty day moving average is $302.16 and its two-hundred day moving average is $283.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $12.82 billion, a P/E ratio of 60.58 and a beta of 1.15.

Morningstar (NASDAQ:MORN - Get Free Report) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar's dividend payout ratio is currently 32.73%.

Institutional Investors Weigh In On Morningstar

A number of hedge funds have recently modified their holdings of the business. Sei Investments Co. raised its position in shares of Morningstar by 2.8% during the first quarter. Sei Investments Co. now owns 126,932 shares of the business services provider's stock worth $39,143,000 after purchasing an additional 3,482 shares during the period. BCGM Wealth Management LLC raised its position in shares of Morningstar by 4.5% during the first quarter. BCGM Wealth Management LLC now owns 4,500 shares of the business services provider's stock worth $1,388,000 after purchasing an additional 192 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Morningstar in the 1st quarter valued at approximately $654,000. SG Americas Securities LLC raised its position in Morningstar by 506.2% in the 1st quarter. SG Americas Securities LLC now owns 13,202 shares of the business services provider's stock valued at $4,071,000 after buying an additional 11,024 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Morningstar by 80.5% in the 1st quarter. Quantbot Technologies LP now owns 6,914 shares of the business services provider's stock valued at $2,132,000 after buying an additional 3,083 shares during the last quarter. Institutional investors and hedge funds own 57.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TheStreet raised Morningstar from a "c" rating to a "b" rating in a research note on Friday, February 23rd. StockNews.com raised 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.