Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 54 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $312.55, for a total transaction of $16,877.70. Following the transaction, the chairman now owns 10,525,738 shares of the company's stock, valued at approximately $3,289,819,411.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Morningstar Trading Down 2.3 %
Shares of MORN opened at $304.72 on Friday. The stock has a market capitalization of $13.03 billion, a PE ratio of 61.56 and a beta of 1.18. The company's fifty day moving average is $309.14 and its 200 day moving average is $301.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.05 and a current ratio of 1.05. Morningstar, Inc. has a fifty-two week low of $219.45 and a fifty-two week high of $330.22.
Morningstar (NASDAQ:MORN - Get Free Report) last released 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 company had revenue of $571.90 million during the quarter.
Morningstar Announces Dividend
Unveiled: NVIDIA’s "Secret Royalty" Program
From Behind the Markets | Ad
Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip?
Click Here to learn how to get in now >>>
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.62 annualized dividend and a yield of 0.53%. Morningstar's payout ratio is presently 32.73%.
Analysts Set New Price Targets
Separately, BMO Capital Markets restated an "outperform" rating and set a $352.00 price objective on shares of Morningstar in a research report on Wednesday, August 28th.
View Our Latest Analysis on Morningstar
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Scout Investments Inc. raised its position in Morningstar by 75.8% in the 1st quarter. Scout Investments Inc. now owns 42,549 shares of the business services provider's stock worth $13,034,000 after purchasing an additional 18,345 shares during the period. SG Americas Securities LLC boosted its holdings in Morningstar by 506.2% during the 1st quarter. SG Americas Securities LLC now owns 13,202 shares of the business services provider's stock valued at $4,071,000 after acquiring an additional 11,024 shares during the period. M&G Plc grew its position in Morningstar by 2.0% in the 2nd quarter. M&G Plc now owns 173,105 shares of the business services provider's stock valued at $51,239,000 after acquiring an additional 3,322 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Morningstar by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 533,935 shares of the business services provider's stock worth $152,834,000 after purchasing an additional 5,240 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of Morningstar during the first quarter valued at $20,986,000. Institutional investors own 57.02% of the company's stock.
About Morningstar
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
