Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 1,695 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,695 shares of Morningstar stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $325.53, for a total transaction of $551,773.35. Following the completion of the sale, the chairman now directly owns 10,131,658 shares in the company, valued at $3,298,158,628.74. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Morningstar Price Performance

MORN opened at $328.80 on Friday. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 43.43 and a beta of 1.20. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $334.51 and a 200-day moving average price of $329.09. Morningstar, Inc. has a twelve month low of $269.51 and a twelve month high of $365.00.

Morningstar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.455 per share. This is a boost from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, October 3rd. This represents a $1.82 dividend on an annualized basis and a yield of 0.55%. Morningstar’s payout ratio is presently 24.04%.

Institutional Investors Weigh In On Morningstar

Several institutional investors have recently made changes to their positions in MORN. Smartleaf Asset Management LLC raised its stake in shares of Morningstar by 178.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new position in Morningstar during the 4th quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in Morningstar during the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC increased its position in shares of Morningstar by 101.7% during the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after buying an additional 61 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Morningstar in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Morningstar has a consensus rating of “Moderate Buy” and an average price target of $360.67.

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.