Joseph D. Mansueto Sells 15,952 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 15,952 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $145.97, for a total transaction of $2,328,513.44. Following the sale, the insider now owns 21,771,072 shares of the company’s stock, valued at $3,177,923,379.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MORN stock opened at $148.38 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $6.33 billion, a PE ratio of 37.93 and a beta of 0.83. The stock’s 50 day moving average is $143.31. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $149.70.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.77 EPS for the quarter. The business had revenue of $258.90 million during the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, July 3rd.

Separately, BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th.

Hedge funds have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in shares of Morningstar during the first quarter worth approximately $210,000. Connable Office Inc. acquired a new stake in shares of Morningstar during the first quarter worth approximately $212,000. Ibex Investors LLC acquired a new stake in shares of Morningstar during the fourth quarter worth approximately $215,000. Spectrum Asset Management Inc. NB CA acquired a new stake in shares of Morningstar during the first quarter worth approximately $227,000. Finally, Advisor Group Inc. boosted its holdings in shares of Morningstar by 9.3% during the fourth quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock worth $233,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 42.72% of the company’s stock.

About Morningstar

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. 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.

Featured Article: Treasury Bonds

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit