Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,253,658.56 in Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,582 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $146.08, for a total value of $1,253,658.56. Following the transaction, the chairman now directly owns 21,771,072 shares in the company, valued at $3,180,318,197.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NASDAQ MORN opened at $151.01 on Friday. The company’s fifty day moving average price is $143.59. The company has a market cap of $6.44 billion, a PE ratio of 37.93 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Morningstar, Inc. has a 1-year low of $99.67 and a 1-year high of $151.27.

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



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 paid a $0.28 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.74%.

Separately, BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th.

Several large investors have recently bought and sold shares of the company. Commerce Bank increased its stake in shares of Morningstar by 3.9% in the 1st quarter. Commerce Bank now owns 2,119 shares of the business services provider’s stock worth $267,000 after purchasing an additional 80 shares in the last quarter. Insight Wealth Strategies LLC increased its stake in shares of Morningstar by 2.6% in the 1st quarter. Insight Wealth Strategies LLC now owns 3,372 shares of the business services provider’s stock worth $425,000 after purchasing an additional 85 shares in the last quarter. Cardinal Capital Management increased its stake in shares of Morningstar by 0.8% in the 1st quarter. Cardinal Capital Management now owns 15,104 shares of the business services provider’s stock worth $1,902,000 after purchasing an additional 123 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Morningstar by 9.3% in the 4th quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock worth $233,000 after purchasing an additional 180 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Morningstar by 8.2% in the 1st quarter. Advisory Services Network LLC now owns 2,993 shares of the business services provider’s stock worth $378,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 42.72% 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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