Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,446,484.40 in Stock

Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 4,804 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $301.10, for a total transaction of $1,446,484.40. Following the transaction, the chairman now owns 10,703,512 shares of the company's stock, valued at $3,222,827,463.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Morningstar Trading Down 0.1 %

NASDAQ:MORN traded down $0.20 during mid-day trading on Friday, reaching $299.77. The company's stock had a trading volume of 99,447 shares, compared to its average volume of 121,098. 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 stock has a market cap of $12.81 billion, a P/E ratio of 60.20 and a beta of 1.15. The company's fifty day simple moving average is $301.41 and its two-hundred day simple moving average is $286.47. Morningstar, Inc. has a twelve month low of $185.15 and a twelve month high of $316.05.

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 (EPS) for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The business had revenue of $542.80 million for the quarter.

Morningstar Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Morningstar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in Morningstar during the 1st quarter worth approximately $1,207,000. Natixis lifted its stake in shares of Morningstar by 7.4% during the first quarter. Natixis now owns 29,000 shares of the business services provider's stock worth $8,943,000 after purchasing an additional 2,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Morningstar in the first quarter valued at about $9,070,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Morningstar by 12.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,696 shares of the business services provider's stock valued at $5,452,000 after buying an additional 1,997 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new position in Morningstar during the 1st quarter worth approximately $5,859,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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