Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $2,635,520.36 in Stock

Morningstar, Inc. (NASDAQ:MORNGet Free Report) Chairman Joseph D. Mansueto sold 8,954 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $294.34, for a total transaction of $2,635,520.36. Following the transaction, the chairman now directly owns 10,741,312 shares in the company, valued at $3,161,597,774.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Morningstar Price Performance

Shares of MORN opened at $295.94 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $12.65 billion, a PE ratio of 59.79 and a beta of 1.15. Morningstar, Inc. has a twelve month low of $185.10 and a twelve month high of $316.05. The firm’s 50 day moving average price is $302.10 and its 200 day moving average price is $284.04.

Morningstar (NASDAQ:MORNGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share for the quarter. The business had revenue of $542.80 million for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%.

Morningstar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio is 32.73%.

Institutional Investors Weigh In On Morningstar

Several institutional investors and hedge funds have recently added to or reduced their stakes in MORN. Principal Securities Inc. acquired a new position in Morningstar during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new position in Morningstar during the 4th quarter worth $35,000. Harvest Fund Management Co. Ltd bought a new stake in Morningstar during the third quarter valued at about $42,000. Fifth Third Bancorp grew its position in shares of Morningstar by 55.2% in the third quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 69 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Morningstar in the fourth quarter worth about $65,000. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MORN has been the topic of several research analyst reports. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a report on Friday, February 23rd. upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th.

Check Out Our Latest Research Report on Morningstar

About Morningstar

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Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.

See Also

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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