Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,570,200.00 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 5,234 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $300.00, for a total transaction of $1,570,200.00. Following the transaction, the chairman now directly owns 10,687,931 shares of the company’s stock, valued at approximately $3,206,379,300. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Morningstar Stock Performance

NASDAQ:MORN opened at $294.15 on Friday. The firm’s 50-day moving average is $300.37 and its 200-day moving average is $287.91. Morningstar, Inc. has a 52-week low of $185.15 and a 52-week high of $316.05. 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 company has a market cap of $12.57 billion, a price-to-earnings ratio of 59.42 and a beta of 1.15.

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

Morningstar Announces Dividend

The firm 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 yield of 0.55%. Morningstar’s payout ratio is currently 32.73%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Thursday, February 29th.

Institutional Trading of Morningstar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in Morningstar by 19.6% in the fourth quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 38 shares during the period. HBK Sorce Advisory LLC increased its stake in Morningstar by 4.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 40 shares during the period. CWM LLC grew its stake in Morningstar by 14.1% during the fourth quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after buying an additional 40 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its stake in Morningstar by 2.0% during the fourth 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 last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Morningstar by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 11,292 shares of the business services provider’s stock worth $2,645,000 after buying an additional 60 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

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.