Morningstar (NASDAQ:MORN) Chairman Joseph Mansueto Sells 7,250 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph Mansueto sold 7,250 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $201.84, for a total value of $1,463,340.00. Following the transaction, the chairman directly owned 7,999,670 shares in the company, valued at $1,614,653,392.80. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Morningstar Trading Up 1.1%

Shares of NASDAQ MORN opened at $197.51 on Thursday. Morningstar, Inc. has a one year low of $141.49 and a one year high of $266.05. The firm has a market capitalization of $7.41 billion, a PE ratio of 18.70 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average price of $174.89 and a two-hundred day moving average price of $176.20.

Morningstar (NASDAQ:MORN) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.27. The company had revenue of $663.20 million for the quarter, compared to the consensus estimate of $649.72 million. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Morningstar from $280.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Rothschild & Co Redburn set a $210.00 target price on shares of Morningstar in a research note on Thursday, June 18th. BMO Capital Markets restated an “outperform” rating and set a $212.00 price target on shares of Morningstar in a report on Friday, June 26th. Weiss Ratings downgraded shares of Morningstar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Morningstar has an average rating of “Hold” and an average target price of $227.33.

Hedge Funds Weigh In On Morningstar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Morningstar in the second quarter worth approximately $324,792,000. Wellington Management Group LLP raised its holdings in shares of Morningstar by 85.4% during the 4th quarter. Wellington Management Group LLP now owns 1,136,213 shares of the business services provider’s stock valued at $246,910,000 after purchasing an additional 523,387 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Morningstar by 106.9% during the 3rd quarter. AQR Capital Management LLC now owns 608,244 shares of the business services provider’s stock valued at $141,119,000 after purchasing an additional 314,275 shares in the last quarter. Norges Bank acquired a new stake in shares of Morningstar in the 4th quarter valued at $62,367,000. Finally, Corient Private Wealth LLC lifted its stake in shares of Morningstar by 1,196.5% in the 4th quarter. Corient Private Wealth LLC now owns 260,978 shares of the business services provider’s stock valued at $56,713,000 after purchasing an additional 240,848 shares during the last quarter. Institutional investors own 57.02% of the company’s stock.

Morningstar News Roundup

Here are the key news stories impacting Morningstar this week:

• Neutral Sentiment: Chairman Joseph D. Mansueto sold a combined 15,474 shares for approximately $3.07 million between August 10 and August 12. The sales reduced his position by only about 0.19%, leaving him with roughly 7.99 million shares, so the transactions appear more consistent with scheduled diversification or liquidity needs than a strong signal about Morningstar’s outlook. SEC insider trading filing
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior reporting period, with a zero-day days-to-cover ratio. This suggests no measurable short-selling pressure, although the figures appear mechanically reported and offer little incremental insight into investor positioning.
• Neutral Sentiment: Morningstar’s published coverage included commentary that CoreWeave (CRWV) could eventually generate more than $100 billion in revenue as artificial-intelligence computing costs decline. This is an analyst/media item rather than a change to Morningstar’s own earnings outlook or operations. CRWV revenue outlook article
• Neutral Sentiment: Other recent Morningstar headlines covered oil, silver, copper and FTSE 100 market data, retirement planning, promotional deals, and an IBM–Together AI agreement. These items are generally unrelated to Morningstar, Inc.’s financial performance and are unlikely to materially affect MORN. Morningstar market coverage

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.