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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 4,285 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $299.50, for a total transaction of $1,283,357.50. Following the completion of the sale, the chairman now directly owns 10,693,165 shares in the company, valued at $3,202,602,917.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Morningstar Stock Performance

Shares of MORN stock opened at $294.15 on Friday. Morningstar, Inc. has a one year low of $185.15 and a one year high of $316.05. The company’s 50-day moving average is $300.37 and its 200 day moving average is $287.91. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 59.42 and a beta of 1.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98.

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

Morningstar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio is currently 32.73%.

Hedge Funds Weigh In On Morningstar

Several hedge funds and other institutional investors have recently bought and sold shares of MORN. Principal Securities Inc. bought a new position in Morningstar during the 4th quarter valued at about $29,000. GAMMA Investing LLC bought a new position in Morningstar during the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd bought a new position in Morningstar during the 3rd quarter valued at about $42,000. Fifth Third Bancorp lifted its stake in shares of Morningstar by 55.2% in the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock worth $45,000 after purchasing an additional 69 shares during the period. Finally, CVA Family Office LLC bought a new position in shares of Morningstar in the 4th quarter worth approximately $65,000. Institutional investors own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MORN. TheStreet raised shares of Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report 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.