Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 503 Shares

Morningstar, Inc. (NASDAQ:MORNGet Rating) Chairman Joseph D. Mansueto sold 503 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $234.84, for a total transaction of $118,124.52. Following the completion of the sale, the chairman now directly owns 12,500,908 shares of the company’s stock, valued at approximately $2,935,713,234.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Morningstar Trading Down 1.8 %

NASDAQ:MORN opened at $241.30 on Tuesday. Morningstar, Inc. has a 52 week low of $207.11 and a 52 week high of $350.21. The firm has a 50 day moving average of $224.69 and a 200 day moving average of $236.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 84.67 and a beta of 1.12.

Institutional Investors Weigh In On Morningstar

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC lifted its position in Morningstar by 28.3% during the third quarter. Segall Bryant & Hamill LLC now owns 50,167 shares of the business services provider’s stock valued at $10,652,000 after acquiring an additional 11,074 shares during the last quarter. Eaton Vance Management lifted its position in Morningstar by 5.5% during the third quarter. Eaton Vance Management now owns 78,754 shares of the business services provider’s stock valued at $16,721,000 after acquiring an additional 4,088 shares during the last quarter. Fiduciary Trust Co. lifted its position in Morningstar by 2.0% during the third quarter. Fiduciary Trust Co. now owns 2,501 shares of the business services provider’s stock valued at $531,000 after acquiring an additional 50 shares during the last quarter. MML Investors Services LLC lifted its position in Morningstar by 3.9% during the third quarter. MML Investors Services LLC now owns 2,339 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 88 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Morningstar by 1,655.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 25,079 shares of the business services provider’s stock valued at $5,325,000 after acquiring an additional 23,650 shares during the last quarter. Hedge funds and other institutional investors own 54.95% of the company’s stock.

Analysts Set New Price Targets

MORN has been the subject of several research reports. TheStreet cut shares of Morningstar from a “b-” rating to a “c+” rating in a research report on Tuesday, September 6th. Redburn Partners raised shares of Morningstar from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 20th. Finally, StockNews.com initiated coverage on shares of Morningstar in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

About Morningstar

(Get Rating)

Morningstar, Inc engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.

Read More

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.