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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 275 shares of the 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 sale, the chairman now directly owns 10,788,103 shares in the company, valued at approximately $3,632,030,637.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Morningstar Stock Up 1.3 %

Shares of NASDAQ:MORN opened at $340.07 on Friday. Morningstar, Inc. has a 52-week low of $269.51 and a 52-week high of $352.55. The stock has a market cap of $14.58 billion, a P/E ratio of 44.92 and a beta of 1.18. The business has a fifty day moving average of $331.79 and a two-hundred day moving average of $312.64. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

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

Morningstar Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th. UBS Group assumed coverage on shares of Morningstar in a research report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price target for the company. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Redburn Atlantic downgraded Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $360.67.

Hedge Funds Weigh In On Morningstar

A number of hedge funds have recently modified their holdings of MORN. Millennium Management LLC boosted its stake in Morningstar by 154.0% during the second quarter. Millennium Management LLC now owns 320,186 shares of the business services provider’s stock worth $94,727,000 after buying an additional 194,122 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Morningstar by 9.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after acquiring an additional 102,206 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Morningstar by 13.9% during the 3rd quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider’s stock worth $222,115,000 after purchasing an additional 85,098 shares during the period. Boston Financial Mangement LLC acquired a new position in Morningstar during the third quarter worth $19,666,000. Finally, FMR LLC boosted its holdings in Morningstar by 10.9% during the 3rd quarter. FMR LLC now owns 400,520 shares of the business services provider’s stock valued at $127,814,000 after acquiring an additional 39,263 shares during the period. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

Morningstar Company Profile

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.