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 business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $329.45, for a total value of $2,985,475.90. Following the sale, the chairman now owns 10,836,656 shares of the company’s stock, valued at approximately $3,570,136,319.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Morningstar Stock Performance

NASDAQ MORN traded up $7.91 during trading on Wednesday, hitting $344.41. 138,347 shares of the company’s stock traded hands, compared to its average volume of 133,767. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 45.50 and a beta of 1.18. Morningstar, Inc. has a 12-month low of $259.50 and a 12-month high of $349.07. The business has a 50 day moving average of $324.02 and a 200-day moving average of $308.67.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter.

Morningstar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid 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 dividend payout ratio is currently 21.40%.

Institutional Investors Weigh In On Morningstar

A number of institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Morningstar in the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its position in Morningstar by 326.9% in the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 85 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Morningstar during the second quarter valued at approximately $35,000. DT Investment Partners LLC bought a new position in shares of Morningstar in the second quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC increased its stake 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 worth $39,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MORN. 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. Redburn Atlantic downgraded Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target for the company. in a research report on Wednesday, October 9th. Finally, UBS Group assumed coverage on Morningstar in a research report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Morningstar has an average 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.