Morningstar, Inc. (MORN) To Go Ex-Dividend on April 2nd

Morningstar, Inc. (NASDAQ:MORN) announced a quarterly dividend on Friday, December 5th. Investors of record on Friday, April 3rd will be given a dividend of 0.50 per share by the business services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, April 2nd.

Morningstar has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Morningstar has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings.

Morningstar Price Performance

Shares of NASDAQ:MORN opened at $164.67 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.99 and a current ratio of 0.99. Morningstar has a 52 week low of $149.08 and a 52 week high of $316.71. The firm has a market cap of $6.52 billion, a PE ratio of 18.48 and a beta of 1.10. The firm’s fifty day moving average is $179.13 and its 200-day moving average is $205.34.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings data on Thursday, February 12th. The business services provider reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.37. The business had revenue of $641.10 million during the quarter, compared to the consensus estimate of $634.43 million. Morningstar had a return on equity of 27.94% and a net margin of 15.30%.

Insider Buying and Selling at Morningstar

In other news, Chairman Joseph D. Mansueto sold 7,304 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $160.63, for a total value of $1,173,241.52. Following the transaction, the chairman directly owned 8,184,212 shares of the company’s stock, valued at $1,314,629,973.56. The trade was a 0.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 84,643 shares of company stock valued at $14,088,066. Company insiders own 36.20% of the company’s stock.

Institutional Investors Weigh In On Morningstar

Several large investors have recently added to or reduced their stakes in MORN. Osterweis Capital Management Inc. acquired a new position in Morningstar in the second quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Morningstar during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Morningstar during the 4th quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Morningstar in the 4th quarter valued at $35,000. Finally, Quent Capital LLC acquired a new position in shares of Morningstar during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

About Morningstar

Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.

Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.