Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 54 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 54 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $312.55, for a total value of $16,877.70. Following the completion of the transaction, the chairman now owns 10,525,738 shares in the company, valued at $3,289,819,411.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Morningstar Stock Down 2.3 %

MORN opened at $304.72 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $13.03 billion, a PE ratio of 61.56 and a beta of 1.18. Morningstar, Inc. has a 1-year low of $219.45 and a 1-year high of $330.22. The firm’s 50 day simple moving average is $309.14 and its two-hundred day simple moving average is $301.56.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 EPS for the quarter. Morningstar had a return on equity of 22.34% and a net margin of 11.34%. The business had revenue of $571.90 million during the quarter.

Morningstar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th were paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, July 12th. Morningstar’s payout ratio is 32.73%.

Hedge Funds Weigh In On Morningstar

Several large investors have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of Morningstar during the 4th quarter valued at $29,000. Blue Trust Inc. increased its stake in Morningstar by 326.9% in 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 in the last quarter. Crewe Advisors LLC bought a new stake in Morningstar during the second quarter valued at about $35,000. DT Investment Partners LLC purchased a new position in shares of Morningstar in the second quarter valued at about $36,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Morningstar by 73.8% in the second quarter. Acadian Asset Management LLC now owns 146 shares of the business services provider’s stock worth $43,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 57.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reissued an “outperform” rating and issued a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th.

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.