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

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

Morningstar Price Performance

MORN traded down $1.68 on Friday, hitting $341.31. 3,247 shares of the company were exchanged, compared to its average volume of 118,006. Morningstar, Inc. has a fifty-two week low of $264.79 and a fifty-two week high of $352.55. 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 firm has a market capitalization of $14.64 billion, a P/E ratio of 45.31 and a beta of 1.18. The business’s fifty day moving average is $328.13 and its 200 day moving average is $310.72.

Morningstar (NASDAQ:MORN) last announced its 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 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. Shareholders of record on Friday, October 4th were paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s dividend payout ratio is currently 21.40%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 target price on the stock. in a research report on Wednesday, October 9th. StockNews.com raised Morningstar from a “hold” rating to a “buy” rating in a report on Friday. UBS Group began coverage on Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 target price for the company. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $360.67.

Institutional Investors Weigh In On Morningstar

Institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Morningstar during the third quarter worth $30,000. Blue Trust Inc. boosted its position 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 buying an additional 85 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Morningstar during the second quarter valued at about $35,000. DT Investment Partners LLC purchased a new position in Morningstar in the second quarter valued at about $36,000. Finally, Venturi Wealth Management LLC increased its holdings in Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock worth $39,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

About Morningstar

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.