Shares of Morningstar, Inc. (NASDAQ:MORN - Get Free Report) saw strong trading volume on Thursday . 166,274 shares were traded during trading, an increase of 16% from the previous session's volume of 143,213 shares.The stock last traded at $307.76 and had previously closed at $306.55.
Analyst Ratings Changes
Several equities research analysts have commented on MORN shares. BMO Capital Markets increased their price objective on shares of Morningstar from $339.00 to $355.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd.
View Our Latest Research Report on MORN
Morningstar Stock Performance
The stock has a market capitalization of $12.94 billion, a PE ratio of 40.46 and a beta of 0.99. 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 firm has a fifty day moving average price of $290.70 and a two-hundred day moving average price of $315.08.
Morningstar (NASDAQ:MORN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.13. Morningstar had a return on equity of 23.28% and a net margin of 14.69%. The business had revenue of $581.90 million for the quarter, compared to analyst estimates of $589.07 million.
Morningstar Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were paid a $0.455 dividend. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.59%. Morningstar's dividend payout ratio (DPR) is 20.45%.
Insiders Place Their Bets
In other news, Director Caroline J. Tsay sold 200 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $309.84, for a total value of $61,968.00. Following the transaction, the director now owns 4,345 shares of the company's stock, valued at approximately $1,346,254.80. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $301.10, for a total value of $2,728,568.20. Following the transaction, the chairman now directly owns 10,047,332 shares in the company, valued at $3,025,251,665.20. This represents a 0.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,695 shares of company stock valued at $21,620,366 in the last three months. 36.20% of the stock is currently owned by insiders.
Institutional Trading of Morningstar
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Morningstar by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 2,803,611 shares of the business services provider's stock valued at $944,144,000 after buying an additional 51,598 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Morningstar by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 1,080,599 shares of the business services provider's stock worth $363,903,000 after acquiring an additional 130,087 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Morningstar by 12.9% in the 4th quarter. Geode Capital Management LLC now owns 561,431 shares of the business services provider's stock worth $189,116,000 after purchasing an additional 64,020 shares during the last quarter. Millennium Management LLC lifted its holdings 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 purchasing an additional 253,137 shares during the last quarter. Finally, Norges Bank bought a new stake in Morningstar during the 4th quarter valued at $111,694,000. Institutional investors and hedge funds 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.
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