Morningstar, Inc. (NASDAQ:MORN – Get Rating) Chairman Joseph D. Mansueto sold 14,500 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $245.43, for a total value of $3,558,735.00. Following the sale, the chairman now directly owns 12,408,580 shares of the company’s stock, valued at $3,045,437,789.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Morningstar Trading Down 0.3 %
NASDAQ:MORN opened at $249.00 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.02 and a quick ratio of 1.25. Morningstar, Inc. has a fifty-two week low of $218.25 and a fifty-two week high of $350.21. The stock’s 50-day moving average is $241.44 and its two-hundred day moving average is $259.38. The stock has a market cap of $10.58 billion, a PE ratio of 59.43 and a beta of 1.11.
Morningstar Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 1st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $1.44 annualized dividend and a yield of 0.58%. Morningstar’s dividend payout ratio (DPR) is presently 34.37%.
Wall Street Analysts Forecast Growth
Hedge Funds Weigh In On Morningstar
Several institutional investors and hedge funds have recently bought and sold shares of MORN. Van ECK Associates Corp grew its stake in Morningstar by 8.1% during the 4th quarter. Van ECK Associates Corp now owns 548 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 41 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Morningstar by 16.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,082 shares of the business services provider’s stock valued at $370,000 after buying an additional 156 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Morningstar by 4.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 13,252 shares of the business services provider’s stock valued at $4,532,000 after buying an additional 542 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Morningstar by 23.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 3,177 shares of the business services provider’s stock valued at $1,087,000 after buying an additional 605 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of Morningstar in the 4th quarter valued at approximately $141,000. Hedge funds and other institutional investors own 54.01% of the company’s stock.
Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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