Key Points
- Chairman Joseph Mansueto sold 7,250 shares of Morningstar on February 4 at an average price of $180.80 for a total of $1,310,800, reducing his stake by 0.09% to 8,230,125 shares valued at about $1.488 billion.
- Morningstar pays a quarterly dividend of $0.50 per share (annualized $2.00, ~1.2% yield; ex-dividend October 2), and the stock has a market cap of $6.81 billion, a PE of 18.82, a 12‑month range of $164.62–$330.55, and a consensus analyst rating of Moderate Buy with a $285 price target.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph Mansueto sold 6,352 shares of the firm's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $169.57, for a total transaction of $1,077,108.64. Following the sale, the chairman owned 8,217,309 shares in the company, valued at approximately $1,393,409,087.13. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Morningstar Stock Down 2.2%
Shares of NASDAQ:MORN opened at $165.47 on Friday. The firm has a market capitalization of $6.81 billion, a PE ratio of 18.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.04. Morningstar, Inc. has a 52-week low of $164.62 and a 52-week high of $330.55. The firm has a fifty day moving average of $210.44 and a 200 day moving average of $229.19.
Morningstar Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.50 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. Morningstar's dividend payout ratio is 22.75%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Morningstar during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Morningstar during the third quarter valued at about $26,000. Osterweis Capital Management Inc. bought a new position in shares of Morningstar during the second quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Morningstar during the fourth quarter worth about $35,000. Finally, True Wealth Design LLC grew its stake in shares of Morningstar by 120.5% in the fourth quarter. True Wealth Design LLC now owns 172 shares of the business services provider's stock worth $37,000 after purchasing an additional 94 shares during the last quarter. 57.02% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on the company. BMO Capital Markets set a $250.00 target price on Morningstar in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Morningstar in a research note on Monday, December 29th. Wall Street Zen raised shares of Morningstar from a "hold" rating to a "buy" rating in a report on Friday, January 23rd. Finally, UBS Group lowered their price target on shares of Morningstar from $350.00 to $320.00 and set a "buy" rating for the company in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.
Get Our Latest Report on MORN
About Morningstar
(
Get Free Report)
Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar's proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.
Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.
Further Reading
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