Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 9,062 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $355.22, for a total value of $3,219,003.64. Following the completion of the transaction, the chairman now directly owns 10,738,224 shares in the company, valued at $3,814,431,929.28. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Morningstar Stock Down 0.4 %

MORN stock opened at $354.15 on Friday. Morningstar, Inc. has a 52 week low of $269.51 and a 52 week high of $359.50. The business has a 50-day simple moving average of $336.06 and a 200 day simple moving average of $314.93. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55. The company has a market cap of $15.19 billion, a PE ratio of 46.78 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 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.01). Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The firm had revenue of $569.40 million during the quarter.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were paid a $0.405 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.46%. Morningstar’s payout ratio is currently 21.40%.

Analysts Set New Price Targets

Several research firms have weighed in on MORN. UBS Group initiated coverage on Morningstar in a research report on Tuesday, October 8th. They set a “buy” rating and a $390.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $352.00 price objective on shares of Morningstar in a report on Wednesday, August 28th. 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. Finally, StockNews.com downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $360.67.

Institutional Investors Weigh In On Morningstar

Hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in Morningstar in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. increased 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 buying an additional 85 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Morningstar in the 2nd quarter valued at $35,000. DT Investment Partners LLC acquired a new stake in shares of Morningstar during the 2nd quarter valued at $36,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Morningstar by 101.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 61 shares in the last quarter. 57.02% of the stock is owned by 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.