Morningstar, Inc. (NASDAQ:MORN) Insider Joseph D. Mansueto Sells 27,316 Shares

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 27,316 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $140.85, for a total transaction of $3,847,458.60. Following the sale, the insider now directly owns 21,981,540 shares in the company, valued at $3,096,099,909. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.

Shares of MORN traded up $1.42 during trading hours on Friday, hitting $144.64. The company had a trading volume of 218,416 shares, compared to its average volume of 83,135. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 37.10 and a beta of 0.86. The stock has a fifty day moving average price of $140.46. Morningstar, Inc. has a 12 month low of $99.67 and a 12 month high of $149.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

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

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

Institutional investors and hedge funds have recently modified their holdings of the company. Commerce Bank grew its stake in shares of Morningstar by 3.9% in the first quarter. Commerce Bank now owns 2,119 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 80 shares in the last quarter. Insight Wealth Strategies LLC grew its stake in shares of Morningstar by 2.6% in the first quarter. Insight Wealth Strategies LLC now owns 3,372 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 85 shares in the last quarter. Cardinal Capital Management grew its stake in shares of Morningstar by 0.8% in the first quarter. Cardinal Capital Management now owns 15,104 shares of the business services provider’s stock valued at $1,902,000 after acquiring an additional 123 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Morningstar by 0.5% in the fourth quarter. Victory Capital Management Inc. now owns 36,116 shares of the business services provider’s stock valued at $3,967,000 after acquiring an additional 177 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Morningstar by 9.3% in the fourth quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 180 shares in the last quarter. 42.72% of the stock is currently owned by institutional investors.

Separately, BidaskClub raised shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 29th.

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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