Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 7,250 shares of Morningstar stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $261.21, for a total value of $1,893,772.50. Following the transaction, the chairman directly owned 9,394,257 shares in the company, valued at $2,453,873,870.97. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Morningstar Stock Down 1.4%
MORN traded down $3.61 during midday trading on Monday, reaching $255.31. 361,686 shares of the company were exchanged, compared to its average volume of 219,795. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.13. The company's fifty day moving average price is $293.67 and its 200 day moving average price is $298.25. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 27.19 and a beta of 0.96. Morningstar, Inc. has a one year low of $250.34 and a one year high of $365.00.
Morningstar (NASDAQ:MORN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.19. Morningstar had a return on equity of 23.54% and a net margin of 17.22%. The firm had revenue of $605.10 million for the quarter, compared to the consensus estimate of $605.84 million.
Morningstar Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 11th. Morningstar's payout ratio is presently 19.38%.
Hedge Funds Weigh In On Morningstar
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Morningstar by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 626,941 shares of the business services provider's stock worth $196,839,000 after buying an additional 11,408 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Morningstar by 88.0% in the 1st quarter. Millennium Management LLC now owns 540,795 shares of the business services provider's stock worth $162,168,000 after buying an additional 253,137 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Morningstar by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 305,014 shares of the business services provider's stock worth $102,719,000 after buying an additional 13,155 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Morningstar by 18.6% in the 4th quarter. Northern Trust Corp now owns 230,149 shares of the business services provider's stock worth $77,505,000 after buying an additional 36,133 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Morningstar by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 196,465 shares of the business services provider's stock valued at $58,914,000 after purchasing an additional 2,270 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. BMO Capital Markets boosted their target price on Morningstar from $339.00 to $355.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Wall Street Zen lowered Morningstar from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.
Read Our Latest Research Report on Morningstar
Morningstar Company Profile
(
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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.
Further Reading

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