Joseph D. Mansueto Sells 7,222 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 7,222 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $349.67, for a total transaction of $2,525,316.74. Following the completion of the sale, the chairman now owns 10,801,361 shares in the company, valued at $3,776,911,900.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Morningstar Trading Down 1.4 %

NASDAQ MORN opened at $345.47 on Thursday. Morningstar, Inc. has a 12-month low of $264.79 and a 12-month high of $352.55. The company has a fifty day simple moving average of $327.49 and a two-hundred day simple moving average of $310.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The stock has a market cap of $14.81 billion, a P/E ratio of 45.64 and a beta of 1.18.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). The firm had revenue of $569.40 million during the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Dividend Announcement

The business also recently declared 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. This represents a $1.62 annualized dividend and a yield of 0.47%. The ex-dividend date was Friday, October 4th. Morningstar’s dividend payout ratio is currently 21.40%.

Analyst Upgrades and Downgrades

A number of equities 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 for the company. in a research note on Wednesday, October 9th. StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. BMO Capital Markets restated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a research note on Wednesday, August 28th. Finally, UBS Group assumed coverage on Morningstar in a research note on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target for the company. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $360.67.

Hedge Funds Weigh In On Morningstar

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in Morningstar by 104.2% during the first quarter. BNP Paribas Financial Markets now owns 6,114 shares of the business services provider’s stock valued at $1,885,000 after acquiring an additional 3,120 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Morningstar by 60.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,140 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 431 shares during the period. SG Americas Securities LLC boosted its holdings in Morningstar by 506.2% during the first quarter. SG Americas Securities LLC now owns 13,202 shares of the business services provider’s stock worth $4,071,000 after buying an additional 11,024 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Morningstar during the first quarter valued at $654,000. Finally, Sei Investments Co. increased its holdings in Morningstar by 2.8% in the first quarter. Sei Investments Co. now owns 126,932 shares of the business services provider’s stock valued at $39,143,000 after buying an additional 3,482 shares in the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar Company Profile

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.