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

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 3,825 shares of Morningstar stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $351.05, for a total value 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 document filed with the SEC, which is accessible through this hyperlink.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $337.57 on Friday. 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 company has a market cap of $14.48 billion, a PE ratio of 44.59 and a beta of 1.18. The business has a 50-day simple moving average of $329.41 and a two-hundred day simple moving average of $311.32.

Morningstar (NASDAQ:MORN) last released its 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, October 4th. Morningstar’s dividend payout ratio is presently 21.40%.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

MORN has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective on the stock. in a research report on Wednesday, October 9th. StockNews.com raised shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Friday. Finally, UBS Group began coverage on shares of Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Morningstar currently has a consensus rating of “Moderate Buy” and an average price target of $360.67.

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.