Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 13,833 shares of Morningstar stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $125.80, for a total value of $1,740,191.40. Following the transaction, the insider now directly owns 22,959,144 shares of the company’s stock, valued at $2,888,260,315.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Morningstar stock traded down $0.20 during trading on Friday, reaching $124.67. The company’s stock had a trading volume of 110,509 shares, compared to its average volume of 108,384. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.10. Morningstar, Inc. has a one year low of $86.62 and a one year high of $144.34. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 33.80 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%.
Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its holdings in shares of Morningstar by 221.2% in the third quarter. Bessemer Group Inc. now owns 1,548 shares of the business services provider’s stock valued at $195,000 after buying an additional 1,066 shares during the last quarter. Connable Office Inc. bought a new position in shares of Morningstar in the second quarter valued at about $215,000. Creative Planning bought a new position in shares of Morningstar in the second quarter valued at about $217,000. Spectrum Asset Management Inc. NB CA bought a new position in shares of Morningstar in the second quarter valued at about $231,000. Finally, Comerica Bank bought a new position in shares of Morningstar in the third quarter valued at about $209,000. 39.56% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub cut Morningstar from a “strong-buy” rating to a “buy” rating in a report on Friday, July 27th.
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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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