Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,342,766.25 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 3,825 shares of Morningstar stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $351.05, for a total value of $1,342,766.25. Following the completion of the transaction, the chairman now owns 10,791,380 shares of the company’s stock, valued at approximately $3,788,313,949. This represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Morningstar Price Performance

Shares of MORN stock opened at $337.57 on Friday. The stock has a 50 day moving average price of $329.41 and a 200 day moving average price of $311.32. The firm has a market capitalization of $14.48 billion, a P/E ratio of 44.59 and a beta of 1.18. 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, Inc. has a 52-week low of $264.79 and a 52-week high of $352.55.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). The company had revenue of $569.40 million for the quarter. Morningstar had a net margin of 14.69% and a return on equity of 23.28%.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were paid a $0.405 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a yield of 0.48%. Morningstar’s dividend payout ratio is currently 21.40%.

Institutional Trading of Morningstar

Institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Morningstar in the third quarter worth approximately $30,000. Blue Trust Inc. grew its position in shares of Morningstar by 326.9% during the 2nd quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after buying an additional 85 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Morningstar during the second quarter valued at $35,000. DT Investment Partners LLC bought a new stake in shares of Morningstar in the second quarter valued at about $36,000. Finally, Venturi Wealth Management LLC lifted its stake in Morningstar by 101.7% in the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after acquiring an additional 61 shares during the period. Institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a research note on Wednesday, August 28th. UBS Group started coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 target price on the stock. Finally, Redburn Atlantic cut shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target for the company. in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Morningstar currently has an average rating of “Moderate Buy” and an average target price of $360.67.

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.