Morningstar, Inc. (NASDAQ:MORN – Get 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
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.
- Get a free copy of the StockNews.com research report on Morningstar (MORN)
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