Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 9,062 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $348.45, for a total value of $3,157,653.90. Following the sale, the chairman now owns 10,808,583 shares of the company’s stock, valued at approximately $3,766,250,746.35. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Morningstar Price Performance

Shares of NASDAQ:MORN opened at $342.99 on Friday. The firm has a market cap of $14.71 billion, a PE ratio of 45.31 and a beta of 1.18. The firm’s fifty day moving average is $328.13 and its 200-day moving average is $310.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar, Inc. has a 52 week low of $264.79 and a 52 week high of $352.55.

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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given 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 dividend yield of 0.47%. Morningstar’s dividend payout ratio is currently 21.40%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in Morningstar in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in shares of Morningstar by 326.9% during the second quarter. Blue Trust Inc. now owns 111 shares of the business services provider’s stock worth $34,000 after purchasing an additional 85 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Morningstar in the second quarter valued at approximately $35,000. DT Investment Partners LLC purchased a new position in Morningstar in the 2nd quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC increased 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 worth $39,000 after buying an additional 61 shares during the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.

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.