Key Points
- Chairman Joseph Mansueto sold 6,737 shares on Feb. 18 at an average of $159.09 for a total of $1,071,789.33, but still directly owns 8,184,725 shares (a 0.08% decrease in his stake).
- Morningstar beat quarterly expectations with $2.71 EPS vs. $2.34 expected and $641.1M revenue vs. $634.4M expected, reporting a 15.3% net margin and 27.94% return on equity.
- Analyst sentiment is mixed — downgrades and target cuts (e.g., Weiss to sell, BMO target $193) alongside upgrades (UBS $280), leaving a consensus Hold rating and a $236.50 target price.
Morningstar, Inc. (NASDAQ:MORN - Get Free Report) Chairman Joseph Mansueto sold 6,737 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $159.09, for a total value of $1,071,789.33. Following the completion of the transaction, the chairman directly owned 8,184,725 shares in the company, valued at approximately $1,302,107,900.25. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Morningstar Trading Up 2.8%
Shares of MORN opened at $162.75 on Thursday. The firm has a market cap of $6.44 billion, a P/E ratio of 18.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.99 and a quick ratio of 1.04. Morningstar, Inc. has a 1 year low of $149.08 and a 1 year high of $329.16. The company has a 50 day simple moving average of $201.25 and a two-hundred day simple moving average of $222.14.
Morningstar (NASDAQ:MORN - Get Free Report) last released its earnings results on Thursday, February 12th. The business services provider reported $2.71 EPS for the quarter, topping the consensus estimate of $2.34 by $0.37. The firm had revenue of $641.10 million for the quarter, compared to the consensus estimate of $634.43 million. Morningstar had a net margin of 15.30% and a return on equity of 27.94%.
Morningstar Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 2nd. Morningstar's dividend payout ratio is 22.45%.
Analyst Ratings Changes
A number of research firms recently commented on MORN. Weiss Ratings downgraded Morningstar from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, February 12th. BMO Capital Markets decreased their price objective on Morningstar from $257.00 to $193.00 and set an "outperform" rating on the stock in a report on Tuesday. UBS Group set a $280.00 target price on Morningstar in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $236.50.
View Our Latest Stock Report on MORN
Hedge Funds Weigh In On Morningstar
A number of institutional investors and hedge funds have recently modified their holdings of MORN. 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 purchased a new stake in shares of Morningstar in the third quarter valued at $26,000. Osterweis Capital Management Inc. purchased a new stake in shares of Morningstar in the second quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in shares of Morningstar in the 4th quarter worth about $35,000. Finally, True Wealth Design LLC boosted its stake in shares of Morningstar by 120.5% during the 4th 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 period. Hedge funds and other institutional investors own 57.02% of the company's stock.
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.
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