Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Insider Sells 10,451 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 10,451 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $154.32, for a total value of $1,612,798.32. Following the sale, the insider now owns 21,661,507 shares of the company’s stock, valued at approximately $3,342,803,760.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, August 1st, Joseph D. Mansueto sold 8,435 shares of Morningstar stock. The stock was sold at an average price of $151.78, for a total value of $1,280,264.30.
  • On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The stock was sold at an average price of $151.36, for a total value of $2,659,092.48.

Morningstar stock traded up $0.19 during mid-day trading on Thursday, reaching $153.76. 1,238 shares of the company were exchanged, compared to its average volume of 77,918. The firm’s fifty day moving average is $150.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 39.44 and a beta of 0.82. Morningstar, Inc. has a 12-month low of $99.67 and a 12-month high of $157.96.

Morningstar (NASDAQ:MORN) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.98 earnings per share for the quarter. The company had revenue of $273.90 million during the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%.

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its position in shares of Morningstar by 34.5% during the 4th quarter. Squarepoint Ops LLC now owns 2,526 shares of the business services provider’s stock valued at $277,000 after buying an additional 648 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Morningstar by 12.9% during the 4th quarter. Legal & General Group Plc now owns 9,963 shares of the business services provider’s stock valued at $1,095,000 after buying an additional 1,138 shares during the last quarter. Norges Bank purchased a new position in shares of Morningstar during the 4th quarter valued at $31,613,000. Deutsche Bank AG lifted its position in shares of Morningstar by 13.7% during the 4th quarter. Deutsche Bank AG now owns 30,578 shares of the business services provider’s stock valued at $3,356,000 after buying an additional 3,684 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its position in shares of Morningstar by 0.3% during the 1st quarter. Confluence Investment Management LLC now owns 125,996 shares of the business services provider’s stock valued at $15,874,000 after buying an additional 352 shares during the last quarter. Institutional investors own 42.67% of the company’s stock.

Separately, BidaskClub upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Saturday, August 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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