Joseph D. Mansueto Sells 5,063 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORNGet Free Report) Chairman Joseph D. Mansueto sold 5,063 shares of Morningstar stock in a transaction dated 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 completion of the transaction, the chairman now owns 10,714,555 shares in the company, valued at $3,203,973,381.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Morningstar Stock Performance

NASDAQ:MORN opened at $297.26 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day moving average is $301.82 and its 200-day moving average is $286.28. Morningstar, Inc. has a 52-week low of $185.15 and a 52-week high of $316.05. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 60.05 and a beta of 1.15.

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

Morningstar Dividend Announcement

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

Institutional Investors Weigh In On Morningstar

A number of institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its holdings in shares of Morningstar by 19.6% during the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after acquiring an additional 38 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Morningstar by 4.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 40 shares in the last quarter. CWM LLC raised its holdings in shares of Morningstar by 14.1% in the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after buying an additional 40 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of Morningstar by 2.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,541 shares of the business services provider’s stock worth $727,000 after buying an additional 51 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in Morningstar by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 11,292 shares of the business services provider’s stock valued at $2,645,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MORN. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd.

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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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