Morningstar - MORN Stock Forecast, Price & News

Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar.com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.

Morningstar Price Performance

MORN Stock opened at $249.00 on Monday. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 59.43 and a beta of 1.11. The firm's 50-day moving average price is $241.44 and its two-hundred day moving average price is $258.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.92. Morningstar has a 12-month low of $218.25 and a 12-month high of $350.21.

Morningstar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 1st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $1.44 dividend on an annualized basis and a yield of 0.58%. Morningstar's dividend payout ratio is presently 34.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Morningstar from a "buy" rating to a "hold" rating in a report on Wednesday, April 13th.

Insider Buying and Selling at Morningstar

In other news, Chairman Joseph D. Mansueto sold 14,500 shares of Morningstar stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $245.43, for a total value of $3,558,735.00. Following the sale, the chairman now directly owns 12,408,580 shares in the company, valued at approximately $3,045,437,789.40. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Joseph D. Mansueto sold 120 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $261.84, for a total value of $31,420.80. Following the completion of the transaction, the chairman now directly owns 12,482,662 shares of the company's stock, valued at $3,268,460,218.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Joseph D. Mansueto sold 14,500 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $245.43, for a total transaction of $3,558,735.00. Following the completion of the sale, the chairman now owns 12,408,580 shares of the company's stock, valued at $3,045,437,789.40. The disclosure for this sale can be found here. Insiders sold 105,803 shares of company stock valued at $25,582,000 in the last 90 days. Insiders own 41.90% of the company's stock.