Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 7,531 Shares

Morningstar, Inc. (NASDAQ:MORNGet Rating) Chairman Joseph D. Mansueto sold 7,531 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $245.30, for a total value of $1,847,354.30. Following the completion of the sale, the chairman now owns 12,480,580 shares in the company, valued at approximately $3,061,486,274. The transaction was disclosed in a filing with the SEC, which is available at this link.

Morningstar Trading Up 0.6 %

Shares of MORN stock opened at $240.52 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 84.39 and a beta of 1.12. The stock has a 50 day simple moving average of $224.92 and a 200-day simple moving average of $235.77. Morningstar, Inc. has a 1-year low of $207.11 and a 1-year high of $350.21.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pinnacle Financial Partners Inc. acquired a new position in shares of Morningstar during the 3rd quarter worth approximately $25,000. First Horizon Advisors Inc. raised its stake 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 period. Proffitt & Goodson Inc. acquired a new position in shares of Morningstar during the 1st quarter worth approximately $37,000. O Dell Group LLC acquired a new position in shares of Morningstar during the 1st quarter worth approximately $45,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Morningstar by 67.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 183 shares of the business services provider’s stock worth $50,000 after buying an additional 74 shares during the period. 54.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MORN shares. TheStreet lowered Morningstar from a “b-” rating to a “c+” rating in a research report on Tuesday, September 6th. StockNews.com started coverage on Morningstar in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Redburn Partners upgraded Morningstar from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 20th.

Morningstar Company Profile

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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.

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