Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,650 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $123.44, for a total transaction of $203,676.00. Following the completion of the transaction, the chairman now directly owns 22,523,830 shares in the company, valued at approximately $2,780,341,575.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ:MORN opened at $124.72 on Friday. The firm has a market capitalization of $5.33 billion, a PE ratio of 33.51 and a beta of 0.86. Morningstar, Inc. has a one year low of $90.25 and a one year high of $144.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Friday, January 4th were issued a $0.28 dividend. This is a positive change from Morningstar’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, January 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.90%.

MORN has been the topic of a number of research analyst reports. BidaskClub raised shares of Morningstar from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine raised shares of Morningstar from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd.

Large investors have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of Morningstar in the 4th quarter worth $85,000. Paradigm Asset Management Co. LLC increased its holdings in shares of Morningstar by 14.3% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock worth $101,000 after buying an additional 100 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Morningstar by 31.9% in the 4th quarter. Flagship Harbor Advisors LLC now owns 942 shares of the business services provider’s stock worth $103,000 after buying an additional 228 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Morningstar in the 3rd quarter worth $123,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Morningstar by 7,880.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the business services provider’s stock worth $151,000 after buying an additional 1,182 shares during the last quarter. 40.40% of the stock is currently owned by hedge funds and other institutional investors.

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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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