Morningstar, Inc. (NASDAQ:MORN) to Issue Quarterly Dividend of $0.41

Morningstar, Inc. (NASDAQ:MORNGet Free Report) declared a quarterly dividend on Friday, March 15th, Wall Street Journal reports. Investors of record on Friday, April 5th will be paid a dividend of 0.405 per share by the business services provider on Tuesday, April 30th. This represents a $1.62 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, April 4th.

Morningstar has increased its dividend payment by an average of 14.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Morningstar has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings.

Morningstar Price Performance

NASDAQ MORN opened at $302.34 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $12.92 billion, a PE ratio of 92.18 and a beta of 1.15. The company has a 50 day moving average price of $292.48 and a two-hundred day moving average price of $272.77. Morningstar has a 12-month low of $163.28 and a 12-month high of $316.05.

Morningstar (NASDAQ:MORNGet Free Report) last posted its earnings results on Thursday, February 22nd. The business services provider reported $1.97 earnings per share (EPS) for the quarter. Morningstar had a net margin of 6.92% and a return on equity of 18.54%. The firm had revenue of $538.70 million during the quarter.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 4,675 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $311.07, for a total transaction of $1,454,252.25. Following the completion of the transaction, the chairman now directly owns 10,776,823 shares in the company, valued at approximately $3,352,346,330.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 4,675 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $311.07, for a total value of $1,454,252.25. Following the sale, the chairman now owns 10,776,823 shares of the company’s stock, valued at approximately $3,352,346,330.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Joseph D. Mansueto sold 3,748 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $272.65, for a total transaction of $1,021,892.20. Following the completion of the sale, the chairman now directly owns 10,883,563 shares in the company, valued at approximately $2,967,403,451.95. The disclosure for this sale can be found here. Insiders sold a total of 95,544 shares of company stock worth $27,733,515 in the last ninety days. 39.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Morningstar

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its holdings in shares of Morningstar by 52.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 166 shares of the business services provider’s stock worth $48,000 after purchasing an additional 57 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Morningstar by 1.6% in the 1st quarter. Advisory Services Network LLC now owns 3,654 shares of the business services provider’s stock worth $742,000 after purchasing an additional 58 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Morningstar by 0.6% in the 1st quarter. Neuberger Berman Group LLC now owns 10,501 shares of the business services provider’s stock worth $2,868,000 after purchasing an additional 63 shares during the last quarter. Creative Planning grew its holdings in shares of Morningstar by 3.3% in the 4th quarter. Creative Planning now owns 2,031 shares of the business services provider’s stock worth $440,000 after purchasing an additional 64 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Morningstar by 3.9% in the 2nd quarter. Baird Financial Group Inc. now owns 2,022 shares of the business services provider’s stock worth $396,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research note 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.

Check Out Our Latest Analysis on Morningstar

About Morningstar

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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.

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Dividend History for Morningstar (NASDAQ:MORN)

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