Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 4,080 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $323.46, for a total value of $1,319,716.80. Following the transaction, the chairman now owns 10,072,938 shares in the company, valued at approximately $3,258,192,525.48. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Morningstar Stock Performance
Shares of MORN stock opened at $313.72 on Friday. The company has a market capitalization of $13.45 billion, a P/E ratio of 41.44 and a beta of 1.20. Morningstar, Inc. has a 52 week low of $281.37 and a 52 week high of $365.00. The company's 50 day moving average price is $327.62 and its two-hundred day moving average price is $330.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14.
Morningstar (NASDAQ:MORN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.15. Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The business had revenue of $591.00 million for the quarter, compared to analyst estimates of $580.81 million.
Morningstar Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, October 3rd. This is a positive change from Morningstar's previous quarterly dividend of $0.41. Morningstar's dividend payout ratio is presently 24.04%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Thursday.
Read Our Latest Stock Analysis on Morningstar
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of MORN. Mackenzie Financial Corp bought a new stake in shares of Morningstar during the 4th quarter worth approximately $915,000. Forum Financial Management LP acquired a new position in Morningstar during the fourth quarter worth approximately $223,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Morningstar by 10.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,337 shares of the business services provider's stock valued at $33,116,000 after buying an additional 9,658 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Morningstar by 795.7% during the 4th quarter. Two Sigma Advisers LP now owns 20,600 shares of the business services provider's stock worth $6,937,000 after acquiring an additional 18,300 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Morningstar in the fourth quarter valued at $12,203,000. 57.02% of the stock is owned by institutional investors and hedge funds.
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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