Joseph D. Mansueto Sells 7,250 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 7,250 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $309.86, for a total value of $2,246,485.00. Following the sale, the chairman now owns 9,442,731 shares of the company’s stock, valued at approximately $2,925,924,627.66. The trade was a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Morningstar Stock Up 0.3%

Shares of NASDAQ MORN opened at $306.67 on Friday. The business has a 50-day moving average price of $289.74 and a 200 day moving average price of $316.69. The stock has a market cap of $12.96 billion, a PE ratio of 40.51 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a 52-week low of $250.34 and a 52-week high of $365.00.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.13. The business had revenue of $581.90 million during the quarter, compared to the consensus estimate of $589.07 million. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were given a dividend of $0.455 per share. This is an increase from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, April 4th. Morningstar’s dividend payout ratio (DPR) is presently 20.45%.

Wall Street Analyst Weigh In

MORN has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Morningstar from $339.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. Wall Street Zen upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd.

Institutional Investors Weigh In On Morningstar

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC raised its stake in Morningstar by 19.9% during the 3rd quarter. Barclays PLC now owns 16,563 shares of the business services provider’s stock valued at $5,286,000 after acquiring an additional 2,751 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Morningstar by 41.4% during the fourth quarter. Park Avenue Securities LLC now owns 1,464 shares of the business services provider’s stock worth $493,000 after purchasing an additional 429 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Morningstar by 25.7% during the fourth quarter. Diversify Wealth Management LLC now owns 2,821 shares of the business services provider’s stock worth $891,000 after purchasing an additional 576 shares during the period. UMB Bank n.a. grew its position in Morningstar by 13.1% in the 4th quarter. UMB Bank n.a. now owns 467 shares of the business services provider’s stock valued at $157,000 after buying an additional 54 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in Morningstar in the 4th quarter valued at $245,000. 57.02% of the stock is owned by hedge funds and other institutional investors.

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.