Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 13,833 shares of the stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $125.80, for a total value of $1,740,191.40. Following the sale, the insider now directly owns 22,959,144 shares in the company, valued at $2,888,260,315.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

MORN stock opened at $124.67 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82. Morningstar, Inc. has a 52-week low of $86.62 and a 52-week high of $144.34. The stock has a market cap of $5.38 billion, a PE ratio of 33.80 and a beta of 0.76.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, October 16th.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Morningstar by 1.4% during the 3rd quarter. BlackRock Inc. now owns 794,513 shares of the business services provider’s stock worth $100,030,000 after acquiring an additional 11,145 shares in the last quarter. FMR LLC boosted its stake in shares of Morningstar by 4.5% during the 3rd quarter. FMR LLC now owns 781,394 shares of the business services provider’s stock worth $98,378,000 after acquiring an additional 33,559 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Morningstar by 10.1% during the 2nd quarter. Renaissance Technologies LLC now owns 600,900 shares of the business services provider’s stock worth $77,065,000 after acquiring an additional 55,000 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Morningstar by 0.9% during the 2nd quarter. Royce & Associates LP now owns 599,492 shares of the business services provider’s stock worth $76,885,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Morningstar by 31.8% during the 3rd quarter. Wells Fargo & Company MN now owns 337,799 shares of the business services provider’s stock worth $42,529,000 after acquiring an additional 81,574 shares in the last quarter. 39.56% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub lowered shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 27th.

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About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, 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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