Joseph D. Mansueto Sells 118 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 118 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $342.13, for a total value of $40,371.34. Following the completion of the transaction, the chairman now owns 10,788,378 shares of the company’s stock, valued at $3,691,027,765.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $334.88 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 44.24 and a beta of 1.18. The stock’s 50-day moving average is $330.00 and its two-hundred day moving average is $311.99. Morningstar, Inc. has a 1-year low of $269.51 and a 1-year high of $352.55.

Morningstar (NASDAQ:MORN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given 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 dividend yield of 0.48%. Morningstar’s dividend payout ratio (DPR) is currently 21.40%.

Hedge Funds Weigh In On Morningstar

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Morningstar by 0.4% during the 1st quarter. Russell Investments Group Ltd. now owns 22,413 shares of the business services provider’s stock worth $6,911,000 after acquiring an additional 82 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Morningstar by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 26,641 shares of the business services provider’s stock valued at $8,215,000 after purchasing an additional 218 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Morningstar in the first quarter valued at approximately $426,000. O Shaughnessy Asset Management LLC raised its holdings in Morningstar by 18.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,622 shares of the business services provider’s stock worth $500,000 after purchasing an additional 253 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of Morningstar during the 1st quarter worth approximately $5,859,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MORN. BMO Capital Markets reiterated an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th. Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price on the stock. in a research note on Wednesday, October 9th. UBS Group assumed coverage on shares of Morningstar in a research note on Tuesday, October 8th. They set a “buy” rating and a $390.00 price target on the stock. Finally, StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $360.67.

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.