Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 20,379 shares of the company’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $124.73, for a total value of $2,541,872.67. Following the completion of the transaction, the insider now directly owns 22,484,232 shares in the company, valued at $2,804,458,257.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NASDAQ MORN opened at $126.33 on Wednesday. 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 1 year low of $90.75 and a 1 year high of $144.34. The firm has a market capitalization of $5.37 billion, a P/E ratio of 33.74 and a beta of 0.86.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 4th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.89%. This is an increase from Morningstar’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, January 3rd.

Several research firms recently issued reports on MORN. BidaskClub raised Morningstar from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd.

Institutional investors and hedge funds have recently made changes to their positions in the business. United Services Automobile Association grew its position in Morningstar by 47.2% during the 2nd quarter. United Services Automobile Association now owns 4,197 shares of the business services provider’s stock worth $538,000 after purchasing an additional 1,346 shares during the period. BlueMountain Capital Management LLC grew its position in Morningstar by 25.8% during the 3rd quarter. BlueMountain Capital Management LLC now owns 10,103 shares of the business services provider’s stock worth $1,272,000 after purchasing an additional 2,070 shares during the period. TIAA CREF Investment Management LLC grew its position in Morningstar by 4.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 70,659 shares of the business services provider’s stock worth $8,896,000 after purchasing an additional 3,194 shares during the period. Kepos Capital LP grew its position in Morningstar by 153.0% during the 3rd quarter. Kepos Capital LP now owns 8,816 shares of the business services provider’s stock worth $1,110,000 after purchasing an additional 5,331 shares during the period. Finally, TrimTabs Asset Management LLC acquired a new stake in Morningstar during the 4th quarter worth about $1,216,000. 40.44% of the stock is currently owned by 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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