Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $92,584.25 in Stock

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

Morningstar Price Performance

MORN stock traded up $0.89 during mid-day trading on Wednesday, reaching $335.77. 98,506 shares of the company’s stock were exchanged, compared to its average volume of 119,210. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. Morningstar, Inc. has a 12-month low of $269.51 and a 12-month high of $352.55. The stock’s 50 day moving average is $330.54 and its 200 day moving average is $312.28. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 44.24 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last released its quarterly 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 company had revenue of $569.40 million for the quarter.

Morningstar Announces Dividend

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

Institutional Investors Weigh In On Morningstar

Several hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Morningstar in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 85 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Morningstar in the 2nd quarter valued at $35,000. DT Investment Partners LLC acquired a new stake in shares of Morningstar during the second quarter worth about $36,000. Finally, Venturi Wealth Management LLC lifted 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 last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MORN has been the subject of a number of recent analyst reports. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets reiterated an “outperform” rating and set a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. 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. Finally, UBS Group began coverage on Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Morningstar presently 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.