Morningstar (MORN) Earns Daily Coverage Optimism Rating of 0.14
Headlines about Morningstar (NASDAQ:MORN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Morningstar earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 43.4658606316852 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- HP Inc. Earnings: What to Watch (morningstar.com)
- Morningstar ratings misrepresented by some money managers in ads, report says (finance.yahoo.com)
- Corporate Credit Spreads Widen Slightly, but Financial Conditions Remain Especially Easy (finance.yahoo.com)
- Guptas milked Transnet billions, washed it through HSBC, other banks — report (biznews.com)
- Financial advisors offer their take on the Wall Street Journal’s critique of Morningstar ratings (finance.yahoo.com)
Separately, BidaskClub raised shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Wednesday, October 18th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, October 17th. Morningstar’s payout ratio is currently 23.53%.
In other news, Director Gail S. Landis sold 500 shares of Morningstar stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $87.00, for a total value of $43,500.00. Following the completion of the transaction, the director now directly owns 47,921 shares of the company’s stock, valued at approximately $4,169,127. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack Noonan sold 20,000 shares of Morningstar stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $85.46, for a total transaction of $1,709,200.00. Following the completion of the transaction, the director now directly owns 3,344 shares of the company’s stock, valued at $285,778.24. The disclosure for this sale can be found here. Insiders sold a total of 21,000 shares of company stock valued at $1,795,200 in the last three months. Insiders own 57.40% of the company’s stock.
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Morningstar Company Profile
Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.
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