Morningstar, Inc. (NASDAQ:MORN – Get Rating) Chairman Joseph D. Mansueto sold 7,525 shares of Morningstar stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $241.43, for a total transaction of $1,816,760.75. Following the sale, the chairman now directly owns 12,425,331 shares of the company’s stock, valued at $2,999,847,663.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Morningstar Stock Up 2.0 %
NASDAQ:MORN traded up $4.85 during midday trading on Thursday, hitting $249.98. 78,604 shares of the company were exchanged, compared to its average volume of 130,648. The company has a fifty day simple moving average of $227.29 and a 200 day simple moving average of $236.05. Morningstar, Inc. has a fifty-two week low of $207.11 and a fifty-two week high of $350.21. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $10.61 billion, a PE ratio of 86.99 and a beta of 1.12.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of MORN. Pinnacle Financial Partners Inc. acquired a new position in Morningstar in the third quarter valued at $25,000. First Horizon Advisors Inc. increased its stake in shares of Morningstar by 1,109.1% during the second quarter. First Horizon Advisors Inc. now owns 133 shares of the business services provider’s stock worth $32,000 after acquiring an additional 122 shares during the period. Proffitt & Goodson Inc. acquired a new position in shares of Morningstar during the first quarter worth about $37,000. Cullen Frost Bankers Inc. acquired a new position in shares of Morningstar during the third quarter worth about $42,000. Finally, IMA Wealth Inc. acquired a new position in shares of Morningstar during the second quarter worth about $48,000. 54.95% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently issued reports on MORN. TheStreet cut shares of Morningstar from a “b-” rating to a “c+” rating in a research report on Tuesday, September 6th. StockNews.com began coverage on shares of Morningstar in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Redburn Partners upgraded shares of Morningstar from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 20th.
Morningstar Company Profile
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.