Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 17,033 Shares

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 17,033 shares of Morningstar stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $107.93, for a total value of $1,838,371.69. Following the transaction, the chairman now owns 20,663,296 shares of the company’s stock, valued at $2,230,189,537.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of MORN traded up $2.97 during trading hours on Thursday, reaching $120.24. 2,952 shares of the company traded hands, compared to its average volume of 122,722. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.90 billion, a PE ratio of 33.45 and a beta of 0.75. Morningstar, Inc. has a fifty-two week low of $102.59 and a fifty-two week high of $166.59. The stock has a fifty day simple moving average of $141.92 and a 200 day simple moving average of $151.33.

Morningstar (NASDAQ:MORN) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.94 earnings per share for the quarter. Morningstar had a net margin of 12.89% and a return on equity of 17.16%. The firm had revenue of $332.40 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.20 annualized dividend and a dividend yield of 1.00%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of Morningstar by 17.6% during the fourth quarter. Franklin Resources Inc. now owns 19,416 shares of the business services provider’s stock valued at $2,938,000 after buying an additional 2,908 shares during the period. Norges Bank acquired a new position in Morningstar in the fourth quarter valued at $40,186,000. Procyon Private Wealth Partners LLC acquired a new position in shares of Morningstar in the 4th quarter valued at $183,000. AXA grew its holdings in shares of Morningstar by 203.0% during the 4th quarter. AXA now owns 50,604 shares of the business services provider’s stock worth $7,657,000 after purchasing an additional 33,904 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Morningstar by 400.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,000 shares of the business services provider’s stock worth $303,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 46.78% of the company’s stock.

Separately, BidaskClub lowered Morningstar from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th.

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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