Morningstar, Inc. (NASDAQ:MORN) Insider Sells $2,307,860.36 in Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 14,956 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $154.31, for a total value of $2,307,860.36. Following the sale, the insider now directly owns 21,673,138 shares of the company’s stock, valued at approximately $3,344,381,924.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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.

Shares of MORN opened at $152.53 on Friday. The stock’s 50-day moving average is $151.17 and its two-hundred day moving average is $136.98. The stock has a market cap of $6.53 billion, a PE 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. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63.

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

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

Separately, BidaskClub upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in shares of Morningstar during the second quarter worth about $60,000. Resources Investment Advisors LLC. acquired a new stake in shares of Morningstar during the second quarter worth approximately $65,000. Tower Research Capital LLC TRC acquired a new stake in shares of Morningstar during the second quarter worth approximately $83,000. Huntington National Bank increased its holdings in shares of Morningstar by 13.4% during the second quarter. Huntington National Bank now owns 1,064 shares of the business services provider’s stock worth $154,000 after buying an additional 126 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new stake in shares of Morningstar during the second quarter worth approximately $189,000. Institutional investors own 42.67% of the company’s stock.

About Morningstar

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

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