Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 18,534 shares of Morningstar stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $112.29, for a total transaction of $2,081,182.86. Following the completion of the transaction, the insider now directly owns 23,699,751 shares of the company’s stock, valued at $2,661,245,039.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Morningstar opened at $114.69 on Friday, Marketbeat.com reports. Morningstar, Inc. has a 52 week low of $113.06 and a 52 week high of $114.10. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 36.77 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68.
Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.91 EPS for the quarter. Morningstar had a net margin of 17.00% and a return on equity of 16.54%. The business had revenue of $243.10 million during the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 6th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%.
Several large investors have recently modified their holdings of the business. Verition Fund Management LLC purchased a new position in shares of Morningstar in the 1st quarter worth $329,000. Epoch Investment Partners Inc. boosted its stake in shares of Morningstar by 5.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 349,818 shares of the business services provider’s stock worth $33,415,000 after purchasing an additional 17,006 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Morningstar by 10.0% during the 1st quarter. Champlain Investment Partners LLC now owns 422,055 shares of the business services provider’s stock worth $40,315,000 after purchasing an additional 38,425 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Morningstar by 18.0% during the 1st quarter. Principal Financial Group Inc. now owns 3,697 shares of the business services provider’s stock worth $353,000 after purchasing an additional 564 shares during the period. Finally, Tdam USA Inc. boosted its stake in shares of Morningstar by 6.4% during the 1st quarter. Tdam USA Inc. now owns 12,798 shares of the business services provider’s stock worth $1,222,000 after purchasing an additional 775 shares during the period. 40.94% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th.
Morningstar Company Profile
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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