Joseph D. Mansueto Sells 3,825 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 3,825 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $351.05, for a total value of $1,342,766.25. Following the completion of the transaction, the chairman now directly owns 10,791,380 shares in the company, valued at $3,788,313,949. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Morningstar Price Performance

MORN stock opened at $337.57 on Friday. The business has a 50 day simple moving average of $328.76 and a 200-day simple moving average of $310.94. The company has a market capitalization of $14.48 billion, a P/E ratio of 44.59 and a beta of 1.18. Morningstar, Inc. has a twelve month low of $264.79 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 Dividend Announcement

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 acquired a new stake in shares of Morningstar in the 3rd quarter worth $30,000. Blue Trust Inc. boosted its holdings in Morningstar by 326.9% in the 2nd 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 in the last quarter. Crewe Advisors LLC acquired a new position in Morningstar during the 2nd quarter worth approximately $35,000. DT Investment Partners LLC purchased a new position in shares of Morningstar during the 2nd quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Morningstar by 101.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after buying an additional 61 shares during the period. 57.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MORN. Redburn Atlantic downgraded Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target for the company. in a report on Wednesday, October 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Friday. Finally, UBS Group started coverage on shares of Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.