Joseph D. Mansueto Sells 5,576 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 5,576 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $146.90, for a total transaction of $819,114.40. Following the sale, the insider now owns 21,910,875 shares in the company, valued at approximately $3,218,707,537.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, March 21st, Joseph D. Mansueto sold 10,521 shares of Morningstar stock. The shares were sold at an average price of $122.11, for a total transaction of $1,284,719.31.

Shares of MORN stock traded down $1.05 during trading hours on Monday, reaching $144.54. 6,779 shares of the stock traded hands, compared to its average volume of 77,889. Morningstar, Inc. has a 1-year low of $99.67 and a 1-year high of $149.70. The firm has a fifty day moving average of $139.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 37.72 and a beta of 0.86.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a yield of 0.77%.

Separately, BidaskClub lowered shares of Morningstar from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th.

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Morningstar by 26.5% in the first quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock valued at $195,833,000 after purchasing an additional 325,848 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Morningstar by 1.9% in the fourth quarter. BlackRock Inc. now owns 809,540 shares of the business services provider’s stock valued at $88,919,000 after purchasing an additional 15,027 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Morningstar by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 669,927 shares of the business services provider’s stock valued at $84,405,000 after purchasing an additional 33,458 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of Morningstar by 34.3% in the first quarter. Mawer Investment Management Ltd. now owns 387,300 shares of the business services provider’s stock valued at $48,796,000 after purchasing an additional 98,900 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in Morningstar by 9.7% during the first quarter. Eagle Asset Management Inc. now owns 298,271 shares of the business services provider’s stock worth $37,579,000 after buying an additional 26,470 shares during the last quarter. Hedge funds and other institutional investors own 42.48% of the company’s stock.

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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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