Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 2,803 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $150.78, for a total transaction of $422,636.34. Following the completion of the transaction, the chairman now directly owns 20,163,743 shares of the company’s stock, valued at approximately $3,040,289,169.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of MORN opened at $143.89 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average is $146.84 and its two-hundred day moving average is $144.25. The stock has a market cap of $6.17 billion, a PE ratio of 43.47 and a beta of 1.15. Morningstar, Inc. has a 52-week low of $102.59 and a 52-week high of $166.59.
Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter. Morningstar had a net margin of 11.47% and a return on equity of 17.21%. The firm had revenue of $324.00 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Morningstar by 1,165.4% during the 4th quarter. Principal Financial Group Inc. now owns 28,661 shares of the business services provider’s stock worth $4,337,000 after purchasing an additional 26,396 shares during the period. Rhumbline Advisers boosted its stake in shares of Morningstar by 2.5% in the 4th quarter. Rhumbline Advisers now owns 19,021 shares of the business services provider’s stock valued at $2,878,000 after buying an additional 464 shares during the period. Swiss National Bank grew its position in shares of Morningstar by 2.2% during the fourth quarter. Swiss National Bank now owns 36,800 shares of the business services provider’s stock worth $5,568,000 after buying an additional 800 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Morningstar by 19.7% during the fourth quarter. Victory Capital Management Inc. now owns 91,979 shares of the business services provider’s stock worth $13,917,000 after buying an additional 15,119 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Morningstar in the fourth quarter valued at approximately $254,000. 46.75% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on MORN shares. BidaskClub downgraded Morningstar from a “hold” rating to a “sell” rating in a research report on Wednesday, June 10th. TheStreet upgraded Morningstar from a “c+” rating to a “b-” rating in a research note on Monday, June 15th.
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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