Joseph D. Mansueto Sells 275 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORNGet Free Report) Chairman Joseph D. Mansueto sold 275 shares of Morningstar stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $336.67, for a total transaction of $92,584.25. Following the completion of the sale, the chairman now directly owns 10,788,103 shares in the company, valued at approximately $3,632,030,637.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Morningstar Trading Up 0.3 %

Shares of MORN stock opened at $335.77 on Thursday. The company’s fifty day simple moving average is $331.14 and its two-hundred day simple moving average is $312.45. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 44.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a 1 year low of $269.51 and a 1 year high of $352.55.

Morningstar (NASDAQ:MORNGet Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.01). The firm had revenue of $569.40 million during the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s payout ratio is 21.40%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MORN. BMO Capital Markets restated an “outperform” rating and set a $352.00 price target on shares of Morningstar in a research note on Wednesday, August 28th. UBS Group began coverage on Morningstar in a research report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 target price for the company. Redburn Atlantic downgraded 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. Finally, StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Morningstar presently has a consensus rating of “Moderate Buy” and an average target price of $360.67.

View Our Latest Research Report on Morningstar

Institutional Investors Weigh In On Morningstar

A number of institutional investors and hedge funds have recently bought and sold shares of MORN. V Square Quantitative Management LLC purchased a new position in Morningstar in the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its holdings 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 acquiring an additional 85 shares during the last quarter. Crewe Advisors LLC purchased a new position in Morningstar in the second quarter worth $35,000. DT Investment Partners LLC purchased a new position in Morningstar in the second quarter worth $36,000. Finally, Venturi Wealth Management LLC lifted its stake in Morningstar by 101.7% during the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after purchasing an additional 61 shares during the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.

Morningstar Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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