Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,283,357.50 in Stock

Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 4,285 shares of the company's stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $299.50, for a total transaction of $1,283,357.50. Following the transaction, the chairman now directly owns 10,693,165 shares in the company, valued at approximately $3,202,602,917.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Morningstar Trading Up 1.0 %

NASDAQ:MORN traded up $2.92 during trading hours on Tuesday, reaching $300.04. 116,485 shares of the company were exchanged, compared to its average volume of 121,494. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 60.30 and a beta of 1.15. The stock has a 50 day simple moving average of $301.06 and a 200 day simple moving average of $287.52. Morningstar, Inc. has a 52-week low of $185.15 and a 52-week 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.

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

Morningstar Dividend Announcement

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

Institutional Trading of Morningstar

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its position in Morningstar by 60.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,007,748 shares of the business services provider's stock valued at $236,055,000 after buying an additional 380,391 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Morningstar during the 3rd quarter valued at $81,798,000. Norges Bank acquired a new position in shares of Morningstar during the 4th quarter valued at $85,814,000. M&G Plc purchased a new stake in Morningstar during the 1st quarter worth $52,293,000. Finally, Norden Group LLC increased its holdings in Morningstar by 3,164.9% in the 1st quarter. Norden Group LLC now owns 129,257 shares of the business services provider's stock valued at $39,860,000 after purchasing an additional 125,298 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company's stock.

Wall Street Analyst Weigh In

MORN has been the topic of several analyst reports. StockNews.com upgraded Morningstar from a "hold" rating to a "buy" rating in a report on Thursday, February 29th. TheStreet raised Morningstar from a "c" rating to a "b" rating in a research note on Friday, February 23rd.

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.

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