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

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

Morningstar Price Performance

MORN stock opened at $340.07 on Friday. The business has a 50 day simple moving average of $331.79 and a 200-day simple moving average of $312.64. The company has a market capitalization of $14.58 billion, a P/E ratio of 44.92 and a beta of 1.18. Morningstar, Inc. has a twelve month low of $269.51 and a twelve month high of $352.55. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55.

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

Morningstar Announces Dividend

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

Institutional Trading of Morningstar

A number of hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Morningstar during the third quarter worth approximately $30,000. Blue Trust Inc. raised its position in 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 buying an additional 85 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Morningstar in the 2nd quarter worth $35,000. DT Investment Partners LLC acquired a new stake in shares of Morningstar in the 2nd quarter worth $36,000. Finally, Venturi Wealth Management LLC boosted 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 acquiring an additional 61 shares in the last quarter. 57.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $352.00 price objective on shares of Morningstar in a research note on Wednesday, August 28th. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Friday, November 15th. UBS Group assumed coverage on Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target for the company. Finally, Redburn Atlantic downgraded shares of 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 analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Morningstar presently 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.