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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $355.22, for a total transaction of $3,219,003.64. Following the completion of the sale, the chairman now owns 10,738,224 shares of the company’s stock, valued at approximately $3,814,431,929.28. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Morningstar Stock Performance

Shares of NASDAQ:MORN opened at $355.65 on Thursday. 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 business’s fifty day moving average price is $334.69 and its two-hundred day moving average price is $314.24. Morningstar, Inc. has a fifty-two week low of $269.51 and a fifty-two week high of $359.50. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 46.98 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last announced 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 firm had revenue of $569.40 million for the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Announces Dividend

The firm also recently declared 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 was Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a yield of 0.46%. Morningstar’s dividend payout ratio is 21.40%.

Institutional Trading of Morningstar

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in shares of Morningstar in the third quarter valued at about $30,000. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 85 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Morningstar during the second quarter worth approximately $35,000. DT Investment Partners LLC bought a new stake in shares of Morningstar during the second quarter valued at approximately $36,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Morningstar by 101.7% in the third quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 57.02% of the company’s stock.

Analyst Ratings Changes

MORN has been the topic of several recent research reports. UBS Group began coverage on Morningstar in a report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price objective on the stock. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target on the stock. in a research note on Wednesday, October 9th. StockNews.com cut shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Morningstar presently has a consensus rating of “Moderate Buy” and an average 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.