Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,450,232.96 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,944 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $145.84, for a total value of $1,450,232.96. Following the sale, the chairman now directly owns 21,334,312 shares of the company’s stock, valued at $3,111,396,062.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Joseph D. Mansueto also recently made the following trade(s):

  • On Thursday, August 1st, Joseph D. Mansueto sold 8,435 shares of Morningstar stock. The stock was sold at an average price of $151.78, for a total value of $1,280,264.30.
  • On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The stock was sold at an average price of $151.36, for a total value of $2,659,092.48.

Shares of MORN stock opened at $151.47 on Friday. Morningstar, Inc. has a 52-week low of $99.67 and a 52-week high of $162.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $6.20 billion, a P/E ratio of 37.49 and a beta of 0.79. The stock has a 50 day moving average price of $154.25 and a 200 day moving average price of $145.29.

Morningstar (NASDAQ:MORN) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.98 earnings per share for the quarter. The business had revenue of $273.90 million during the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, October 17th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH raised its position in Morningstar by 3.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,308 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 72 shares in the last quarter. Empire Life Investments Inc. increased its holdings in shares of Morningstar by 2.0% in the 2nd quarter. Empire Life Investments Inc. now owns 4,184 shares of the business services provider’s stock valued at $605,000 after acquiring an additional 84 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in shares of Morningstar by 3.6% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 2,487 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 87 shares during the period. Farr Miller & Washington LLC DC increased its holdings in shares of Morningstar by 3.1% in the 2nd quarter. Farr Miller & Washington LLC DC now owns 3,620 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 109 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its holdings in shares of Morningstar by 5.8% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,229 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 122 shares during the period. 43.98% of the stock is owned by institutional investors and hedge funds.

MORN has been the subject of a number of research analyst reports. BidaskClub raised Morningstar from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

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.

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

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