Joseph D. Mansueto Sells 9,062 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $348.45, for a total value of $3,157,653.90. Following the completion of the transaction, the chairman now directly owns 10,808,583 shares of the company’s stock, valued at approximately $3,766,250,746.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Morningstar Price Performance

Shares of MORN opened at $345.47 on Thursday. 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, Inc. has a twelve month low of $264.79 and a twelve month high of $352.55. The stock has a market capitalization of $14.81 billion, a P/E ratio of 45.64 and a beta of 1.18. The company has a 50 day moving average of $327.49 and a 200-day moving average of $310.48.

Morningstar (NASDAQ:MORN) last issued its quarterly 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). Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The business had revenue of $569.40 million during the quarter.

Morningstar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.62 annualized dividend and a yield of 0.47%. Morningstar’s payout ratio is presently 21.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MORN shares. BMO Capital Markets reiterated an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a report on Wednesday, August 28th. UBS Group initiated coverage on shares of Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target for the company. StockNews.com lowered shares of Morningstar from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Redburn Atlantic lowered shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price for the company. in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $360.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MORN. V Square Quantitative Management LLC bought a new stake in shares of Morningstar during the 3rd quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in Morningstar by 326.9% during the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after buying an additional 85 shares during the last quarter. Crewe Advisors LLC bought a new stake in Morningstar during the second quarter worth $35,000. DT Investment Partners LLC acquired a new stake in Morningstar in the second quarter valued at $36,000. Finally, Venturi Wealth Management LLC grew its position in shares of Morningstar by 101.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 61 shares during the period. 57.02% of the stock is currently owned by institutional investors.

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.