Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 2,531 Shares of Stock

Morningstar, Inc. (NASDAQ:MORNGet Rating) Chairman Joseph D. Mansueto sold 2,531 shares of Morningstar stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $240.50, for a total value of $608,705.50. Following the transaction, the chairman now owns 12,462,669 shares of the company’s stock, valued at $2,997,271,894.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Morningstar Trading Up 0.6 %

Shares of MORN opened at $240.52 on Tuesday. The stock has a fifty day moving average of $224.92 and a two-hundred day moving average of $235.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $10.21 billion, a PE ratio of 84.39 and a beta of 1.12. Morningstar, Inc. has a fifty-two week low of $207.11 and a fifty-two week high of $350.21.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MORN shares. TheStreet downgraded Morningstar from a “b-” rating to a “c+” rating in a research report on Tuesday, September 6th. Redburn Partners upgraded Morningstar from a “neutral” rating to a “buy” rating in a report on Tuesday, September 20th. Finally, StockNews.com initiated coverage on Morningstar in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Pinnacle Financial Partners Inc. acquired a new stake in shares of Morningstar during the 3rd quarter worth $25,000. First Horizon Advisors Inc. increased its holdings in shares of Morningstar by 1,109.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 133 shares of the business services provider’s stock worth $32,000 after buying an additional 122 shares during the last quarter. Proffitt & Goodson Inc. acquired a new stake in shares of Morningstar during the 1st quarter worth $37,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Morningstar during the 3rd quarter worth $42,000. Finally, O Dell Group LLC acquired a new stake in shares of Morningstar during the 1st quarter worth $45,000. 54.95% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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

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