Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph D. Mansueto sold 8,325 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $286.72, for a total value of $2,386,944.00. Following the completion of the sale, the chairman now owns 10,758,587 shares in the company, valued at $3,084,702,064.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Morningstar Stock Performance
Shares of MORN opened at $294.03 on Friday. The firm has a market cap of $12.57 billion, a PE ratio of 59.40 and a beta of 1.15. Morningstar, Inc. has a 1 year low of $180.48 and a 1 year high of $316.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.93. The stock's fifty day moving average price is $302.00 and its two-hundred day moving average price is $282.21.
Morningstar (NASDAQ:MORN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share for the quarter. The company had revenue of $542.80 million during the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.
Morningstar Dividend Announcement
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The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, April 4th. Morningstar's dividend payout ratio (DPR) is presently 32.73%.
Hedge Funds Weigh In On Morningstar
Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Morningstar by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 2,576,670 shares of the business services provider's stock worth $737,546,000 after buying an additional 23,812 shares in the last quarter. Morgan Stanley grew its position in Morningstar by 1.0% during the third quarter. Morgan Stanley now owns 1,957,310 shares of the business services provider's stock worth $458,481,000 after buying an additional 19,119 shares in the last quarter. Bamco Inc. NY grew its position in Morningstar by 8.0% during the third quarter. Bamco Inc. NY now owns 1,326,608 shares of the business services provider's stock worth $310,745,000 after buying an additional 98,191 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Morningstar by 6.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,075,731 shares of the business services provider's stock worth $307,917,000 after buying an additional 67,983 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in Morningstar by 5.3% during the first quarter. Wasatch Advisors LP now owns 562,099 shares of the business services provider's stock worth $173,334,000 after buying an additional 28,164 shares in the last quarter. 57.02% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MORN has been the topic of several research reports. TheStreet upgraded Morningstar from a "c" rating to a "b" rating in a research note on Friday, February 23rd. StockNews.com upgraded Morningstar from a "hold" rating to a "buy" rating in a research note on Thursday, February 29th.
Read Our Latest Stock Analysis on MORN
About Morningstar
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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.
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