Morningstar, Inc. (NASDAQ:MORN) Director Gail S. Landis sold 1,531 shares of Morningstar stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $95.46, for a total value of $146,149.26. Following the transaction, the director now owns 5,350 shares in the company, valued at $510,711. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Morningstar, Inc. (NASDAQ MORN) opened at $95.51 on Tuesday. The firm has a market capitalization of $4,060.00, a price-to-earnings ratio of 32.49 and a beta of 0.69. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Morningstar, Inc. has a 52-week low of $68.43 and a 52-week high of $103.46.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 4th. This is an increase from Morningstar’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.05%. Morningstar’s payout ratio is 34.01%.
Separately, BidaskClub downgraded Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in Morningstar by 83.3% during the fourth quarter. Millennium Management LLC now owns 167,453 shares of the business services provider’s stock valued at $16,238,000 after purchasing an additional 76,091 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in Morningstar by 63.4% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 8,747 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 3,395 shares in the last quarter. Teachers Advisors LLC lifted its position in Morningstar by 2.5% during the fourth quarter. Teachers Advisors LLC now owns 37,907 shares of the business services provider’s stock valued at $3,676,000 after purchasing an additional 908 shares in the last quarter. Two Sigma Securities LLC purchased a new position in Morningstar during the fourth quarter valued at $253,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Morningstar during the fourth quarter valued at $892,000. Institutional investors own 38.52% of the company’s stock.
Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.
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