Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 9,062 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $348.45, for a total value of $3,157,653.90. Following the transaction, the chairman now owns 10,808,583 shares in the company, valued at $3,766,250,746.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Morningstar Stock Performance

Shares of Morningstar stock opened at $345.47 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The company has a market cap of $14.81 billion, a PE 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, Inc. has a 1-year low of $264.79 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 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 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 paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s dividend payout ratio (DPR) is presently 21.40%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc grew its holdings in shares of Morningstar by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 1,259 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 41 shares during the last quarter. Versant Capital Management Inc boosted its position in Morningstar by 21.9% in the second quarter. Versant Capital Management Inc now owns 245 shares of the business services provider’s stock valued at $72,000 after buying an additional 44 shares in the last quarter. Legacy Advisors LLC grew its stake in shares of Morningstar by 1.6% during the second quarter. Legacy Advisors LLC now owns 3,025 shares of the business services provider’s stock worth $895,000 after buying an additional 49 shares during the last quarter. Planning Alternatives Ltd. ADV increased its holdings in shares of Morningstar by 2.2% during the third quarter. Planning Alternatives Ltd. ADV now owns 2,254 shares of the business services provider’s stock worth $719,000 after buying an additional 49 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Morningstar by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th. StockNews.com downgraded Morningstar from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group assumed coverage on Morningstar in a research note on Tuesday, October 8th. They set a “buy” rating and a $390.00 price objective on the stock. Finally, Redburn Atlantic downgraded Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price for the company. in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Morningstar currently has a consensus rating of “Moderate Buy” and an average target price 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.