Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph Mansueto sold 4,002 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $177.08, for a total value of $708,674.16. Following the completion of the transaction, the chairman directly owned 8,103,240 shares of the company’s stock, valued at $1,434,921,739.20. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Trading Down 0.2%
Shares of NASDAQ:MORN opened at $175.82 on Wednesday. Morningstar, Inc. has a 12-month low of $149.08 and a 12-month high of $316.71. The company has a market capitalization of $6.69 billion, a PE ratio of 17.90 and a beta of 0.99. The business has a 50 day moving average of $177.18 and a two-hundred day moving average of $194.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.66.
Morningstar (NASDAQ:MORN – Get Free Report) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.77. The business had revenue of $644.80 million during the quarter, compared to the consensus estimate of $626.91 million. Morningstar had a return on equity of 33.14% and a net margin of 16.06%.
Key Headlines Impacting Morningstar
- Negative Sentiment: Chairman Joseph D. Mansueto sold 4,002 shares at an average price of $177.08, trimming his ownership slightly in a transaction executed under a Rule 10b5-1 plan. SEC filing
- Negative Sentiment: He also sold 7,250 additional shares at an average price of $175.96, further reducing his stake modestly, which may be viewed as a bearish signal by some investors despite the planned nature of the sale. SEC filing
- Neutral Sentiment: Morningstar’s own editorial coverage highlighted themes such as fiscal risks, dividend investing, and AI-related opportunities, but these articles are informational and not direct company catalysts. Article
- Neutral Sentiment: The company also published “25 New 4-Star Stocks This Week,” which supports Morningstar’s core research brand but is unlikely to move the stock by itself. Article
- Positive Sentiment: Articles citing Morningstar data noted strong investor demand for dividend strategies and highlighted Morningstar research showing cheaper funds can outperform, reinforcing the value of the company’s analytics franchise. Article
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on MORN. Weiss Ratings downgraded Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. BMO Capital Markets reduced their price objective on Morningstar from $257.00 to $193.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Wall Street Zen raised Morningstar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group set a $280.00 price objective on Morningstar in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $236.50.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of MORN. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Morningstar during the 4th quarter valued at about $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Morningstar during the 1st quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Morningstar during the 3rd quarter worth about $26,000. Osterweis Capital Management Inc. acquired a new stake in shares of Morningstar during the 2nd quarter worth about $29,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Morningstar during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 57.02% of the company’s stock.
Morningstar Company Profile
Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.
Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.
Featured Stories
- Five stocks we like better than Morningstar
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.
