Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 16,967 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $118.62, for a total value of $2,012,625.54. Following the completion of the transaction, the insider now owns 22,775,210 shares of the company’s stock, valued at $2,701,595,410.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Morningstar stock traded down $2.10 during trading hours on Tuesday, hitting $116.99. The stock had a trading volume of 11,008 shares, compared to its average volume of 75,098. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $5.04 billion, a PE ratio of 31.67 and a beta of 0.74. Morningstar, Inc. has a one year low of $90.00 and a one year high of $144.34.
Morningstar (NASDAQ:MORN) last posted its earnings results on Wednesday, October 24th. The business services provider reported $1.13 EPS for the quarter. The firm had revenue of $261.30 million during the quarter. Morningstar had a return on equity of 18.50% and a net margin of 17.94%.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Morningstar by 2.5% in the third quarter. Vanguard Group Inc. now owns 1,636,889 shares of the business services provider’s stock valued at $206,085,000 after purchasing an additional 40,273 shares during the last quarter. Morgan Stanley raised its position in Morningstar by 30.8% in the third quarter. Morgan Stanley now owns 40,127 shares of the business services provider’s stock valued at $5,053,000 after purchasing an additional 9,450 shares during the last quarter. Kepos Capital LP raised its position in Morningstar by 153.0% in the third quarter. Kepos Capital LP now owns 8,816 shares of the business services provider’s stock valued at $1,110,000 after purchasing an additional 5,331 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Morningstar by 4.7% in the third quarter. TIAA CREF Investment Management LLC now owns 70,659 shares of the business services provider’s stock valued at $8,896,000 after buying an additional 3,194 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Morningstar by 2.9% in the third quarter. Teachers Advisors LLC now owns 40,494 shares of the business services provider’s stock valued at $5,098,000 after buying an additional 1,131 shares during the period. Hedge funds and other institutional investors own 40.52% of the company’s stock.
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Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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