Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 5,023 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 5,023 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $300.17, for a total transaction of $1,507,753.91. Following the transaction, the chairman now directly owns 10,674,922 shares in the company, valued at approximately $3,204,291,336.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Morningstar Stock Down 1.7 %

Shares of NASDAQ:MORN opened at $294.15 on Friday. Morningstar, Inc. has a 52 week low of $185.15 and a 52 week high of $316.05. The company has a market capitalization of $12.57 billion, a PE ratio of 59.42 and a beta of 1.15. The company’s fifty day moving average is $300.37 and its 200-day moving average is $287.91. 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 announced 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 business had revenue of $542.80 million for the quarter.

Morningstar Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in shares of Morningstar during the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in shares of Morningstar during the fourth quarter worth $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Morningstar in the 3rd quarter valued at $42,000. Fifth Third Bancorp increased its holdings in shares of Morningstar by 55.2% in the third quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock worth $45,000 after acquiring an additional 69 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Morningstar during the 1st quarter worth approximately $66,000. Institutional investors own 57.02% of the company’s stock.

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.