Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,513,988.89 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 5,063 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $299.03, for a total value of $1,513,988.89. Following the sale, the chairman now owns 10,714,555 shares of the company’s stock, valued at $3,203,973,381.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Morningstar Stock Up 1.1 %

Shares of NASDAQ MORN opened at $300.62 on Thursday. The stock has a fifty day moving average price of $301.82 and a 200 day moving average price of $286.28. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. Morningstar, Inc. has a 12-month low of $185.15 and a 12-month high of $316.05. The company has a market cap of $12.85 billion, a P/E ratio of 60.73 and a beta of 1.15.

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

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a $0.405 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.54%. Morningstar’s dividend payout ratio is presently 32.73%.

Institutional Trading of Morningstar

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

Analyst Ratings Changes

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

About Morningstar

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.