Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 118 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 118 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $342.13, for a total transaction of $40,371.34. Following the completion of the transaction, the chairman now owns 10,788,378 shares of the company’s stock, valued at approximately $3,691,027,765.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Morningstar Stock Down 0.9 %

Morningstar stock opened at $334.37 on Tuesday. The stock has a market cap of $14.34 billion, a PE ratio of 44.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average is $329.41 and its two-hundred day moving average is $311.69. Morningstar, Inc. has a 1-year low of $269.51 and a 1-year high of $352.55.

Morningstar (NASDAQ:MORN) last issued 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). The business had revenue of $569.40 million for the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were given a dividend of $0.405 per share. The ex-dividend date 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%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Millennium Management LLC lifted its position in Morningstar by 154.0% in the second quarter. Millennium Management LLC now owns 320,186 shares of the business services provider’s stock valued at $94,727,000 after acquiring an additional 194,122 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Morningstar by 9.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock worth $383,489,000 after purchasing an additional 102,206 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Morningstar by 13.9% in the 3rd quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider’s stock valued at $222,115,000 after purchasing an additional 85,098 shares during the last quarter. Boston Financial Mangement LLC acquired a new stake in shares of Morningstar in the 3rd quarter valued at about $19,666,000. Finally, FMR LLC grew its stake in Morningstar by 10.9% during the 3rd quarter. FMR LLC now owns 400,520 shares of the business services provider’s stock worth $127,814,000 after buying an additional 39,263 shares during the last quarter. Institutional investors and hedge funds 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.