Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 140 Shares

Morningstar, Inc. (NASDAQ:MORN – Get Rating) Chairman Joseph D. Mansueto sold 140 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $200.56, for a total value of $28,078.40. Following the transaction, the chairman now owns 11,508,911 shares of the company’s stock, valued at $2,308,227,190.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Morningstar Stock Down 2.4 %

Shares of NASDAQ MORN opened at $186.59 on Tuesday. The stock has a market cap of $7.93 billion, a P/E ratio of 114.47 and a beta of 1.19. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. Morningstar, Inc. has a 12-month low of $181.33 and a 12-month high of $293.64. The business’s fifty day simple moving average is $229.56 and its 200-day simple moving average is $228.14.

Institutional Trading of Morningstar

Several hedge funds have recently modified their holdings of MORN. Pinnacle Financial Partners Inc. acquired a new stake in shares of Morningstar in the third quarter valued at $25,000. Benjamin Edwards Inc. acquired a new stake in shares of Morningstar in the fourth quarter valued at $27,000. Whittier Trust Co. raised its stake in shares of Morningstar by 76.3% in the fourth quarter. Whittier Trust Co. now owns 141 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 61 shares in the last quarter. Allworth Financial LP raised its stake in Morningstar by 70.5% in the fourth quarter. Allworth Financial LP now owns 150 shares of the business services provider’s stock valued at $32,000 after buying an additional 62 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Morningstar by 7,500.0% in the fourth quarter. Meeder Asset Management Inc. now owns 152 shares of the business services provider’s stock valued at $33,000 after buying an additional 150 shares in the last quarter. 54.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Redburn Partners lowered Morningstar from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 11th.

About Morningstar

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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.