Joseph D. Mansueto Sells 7,222 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 7,222 shares of Morningstar stock in a transaction on Monday, November 11th. The shares were sold at an average price of $349.67, for a total transaction of $2,525,316.74. Following the sale, the chairman now directly owns 10,801,361 shares of the company’s stock, valued at $3,776,911,900.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Morningstar Stock Performance

Morningstar stock traded up $1.98 during trading hours on Tuesday, hitting $350.55. The stock had a trading volume of 73,570 shares, compared to its average volume of 115,198. The company has a 50-day moving average of $326.73 and a two-hundred day moving average of $310.02. The company has a market cap of $15.03 billion, a PE ratio of 46.05 and a beta of 1.18. Morningstar, Inc. has a fifty-two week low of $263.79 and a fifty-two week high of $352.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

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

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Friday, October 4th. Morningstar’s dividend payout ratio (DPR) is currently 21.40%.

Hedge Funds Weigh In On Morningstar

Several institutional investors have recently modified their holdings of MORN. V Square Quantitative Management LLC bought a new position in Morningstar in the third quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in shares of 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 bought a new position in shares of Morningstar in the second quarter valued at $35,000. DT Investment Partners LLC bought a new position in Morningstar during the second quarter worth about $36,000. Finally, Venturi Wealth Management LLC raised its stake in 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 buying an additional 61 shares during the period. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MORN has been the subject of a number of analyst reports. UBS Group assumed 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. StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Redburn Atlantic lowered 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, BMO Capital Markets reiterated an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a research 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’s stock. According to data from MarketBeat, Morningstar 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.