Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 17,575 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $134.51, for a total transaction of $2,364,013.25. Following the completion of the sale, the insider now owns 22,063,278 shares of the company’s stock, valued at $2,967,731,523.78. The sale was disclosed in a document filed 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 stock was sold at an average price of $122.11, for a total transaction of $1,284,719.31.
MORN traded down $1.74 on Thursday, hitting $134.61. The company had a trading volume of 10,652 shares, compared to its average volume of 85,372. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Morningstar, Inc. has a 52-week low of $99.67 and a 52-week high of $146.64. The firm has a market capitalization of $5.75 billion, a PE ratio of 34.93 and a beta of 0.88.
Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.77 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 during 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 issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a yield of 0.83%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its position in shares of Morningstar by 30.8% in the third quarter. Morgan Stanley now owns 40,127 shares of the business services provider’s stock valued at $5,053,000 after buying an additional 9,450 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Morningstar by 1.9% in the third quarter. Legal & General Group Plc now owns 8,825 shares of the business services provider’s stock valued at $1,111,000 after buying an additional 165 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Morningstar by 22.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,376 shares of the business services provider’s stock valued at $151,000 after buying an additional 256 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Morningstar by 31.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 942 shares of the business services provider’s stock valued at $103,000 after buying an additional 228 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Morningstar in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 42.69% of the company’s stock.
Separately, BidaskClub lowered shares of Morningstar from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th.
Morningstar Company Profile
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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