Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 20,379 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $124.73, for a total value of $2,541,872.67. Following the completion of the sale, the insider now directly owns 22,484,232 shares in the company, valued at $2,804,458,257.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ MORN opened at $126.14 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.37 billion, a P/E ratio of 33.74 and a beta of 0.86. Morningstar, Inc. has a 1 year low of $90.75 and a 1 year high of $144.34.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 4th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, January 3rd. This is a boost from Morningstar’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 0.89%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Morningstar by 456.8% in the second quarter. FMR LLC now owns 747,835 shares of the business services provider’s stock worth $95,910,000 after buying an additional 613,534 shares during the period. Northern Trust Corp lifted its holdings in Morningstar by 0.5% in the second quarter. Northern Trust Corp now owns 228,075 shares of the business services provider’s stock worth $29,251,000 after buying an additional 1,026 shares during the period. United Services Automobile Association lifted its holdings in Morningstar by 47.2% in the second quarter. United Services Automobile Association now owns 4,197 shares of the business services provider’s stock worth $538,000 after buying an additional 1,346 shares during the period. Atria Investments LLC lifted its holdings in Morningstar by 51.8% in the third quarter. Atria Investments LLC now owns 4,444 shares of the business services provider’s stock worth $559,000 after buying an additional 1,516 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new stake in Morningstar in the third quarter worth about $2,037,000. 40.44% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. BidaskClub raised Morningstar from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Morningstar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd.
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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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