Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 134 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 134 shares of Morningstar stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $300.43, for a total transaction of $40,257.62. Following the completion of the transaction, the chairman now owns 10,726,348 shares in the company, valued at $3,222,516,729.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Morningstar Stock Performance

Shares of MORN stock traded up $0.44 during trading hours on Friday, reaching $299.60. 13,182 shares of the company’s stock were exchanged, compared to its average volume of 123,596. 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 company’s 50 day moving average is $302.11 and its two-hundred day moving average is $284.14. The company has a market cap of $12.81 billion, a P/E ratio of 60.44 and a beta of 1.15. Morningstar, Inc. has a 1 year low of $185.15 and a 1 year high of $316.05.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%. The company had revenue of $542.80 million during the quarter.

Morningstar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders 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 yield of 0.54%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio (DPR) is presently 32.73%.

Institutional Investors Weigh In On Morningstar

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&G Plc acquired a new stake in Morningstar during the 1st quarter worth approximately $52,293,000. Scout Investments Inc. increased its position in shares of Morningstar by 75.8% in the first quarter. Scout Investments Inc. now owns 42,549 shares of the business services provider’s stock worth $13,034,000 after acquiring an additional 18,345 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Morningstar by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 26,641 shares of the business services provider’s stock valued at $8,215,000 after acquiring an additional 218 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Morningstar by 3.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,840 shares of the business services provider’s stock valued at $3,343,000 after acquiring an additional 405 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Morningstar during the 1st quarter worth $427,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on MORN shares. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd.

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.