Insider Selling: Morningstar, Inc. (NASDAQ: MORN) Chairman Sells 10,377 Shares


Morningstar, Inc. (NASDAQ:MORN – Get Rating) Chairman Joseph D. Mansueto sold 10,377 shares of the company in a trade dated Wednesday, May 25. The shares were sold at an average price of $245.62, for a total transaction of $2,548,798.74. Following completion of the transaction, the President now owns 12,498,651 shares of the company, valued at approximately $3,069,918,658.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.

Shares of MORN traded at $1.99 during Thursday trading hours, hitting $249.45. The stock had a trading volume of 1,549 shares, compared to an average volume of 167,750. The company has a leverage ratio of 0.37, a current ratio of 1.25 and a quick ratio of 1.25. Morningstar, Inc. has a 12-month low of $227.53 and a 12-month high of $350.21. The company has a market capitalization of $10.66 billion, a PE ratio of 58.23 and a beta of 1.16. The stock has a fifty-day moving average price of $263.10 and a 200-day moving average price of $288.01.

Morningstar (NASDAQ:MORN – Get Rating) last released its results on Wednesday, April 27. The business services provider reported earnings per share of $1.41 for the quarter. The company had revenue of $457.00 million for the quarter. Morningstar had a return on equity of 19.08% and a net margin of 10.46%.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Friday, July 1 will receive a dividend of $0.36. The ex-date of this dividend is Thursday, June 30. This represents an annualized dividend of $1.44 and a dividend yield of 0.58%. Morningstar’s dividend payout ratio (DPR) is 33.88%.

Several hedge funds have recently changed their holdings of MORN. Zacks Investment Management increased its position in Morningstar shares by 4.6% during the fourth quarter. Zacks Investment Management now owns 906 shares of the business services provider worth $310,000 after buying 40 more shares in the last quarter. NewEdge Advisors LLC increased its position in Morningstar shares by 4.6% during the fourth quarter. NewEdge Advisors LLC now owns 914 shares of the business services provider worth $313,000 after buying 40 more shares in the last quarter. Van ECK Associates Corp increased its position in Morningstar shares by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 548 shares of the business services provider worth $187,000 after buying 41 more shares in the last quarter. MAI Capital Management increased its position in Morningstar shares by 4.8% during the fourth quarter. MAI Capital Management now owns 948 shares of the business services provider worth $324,000 after buying 43 more shares in the last quarter. Finally, Rockefeller Capital Management LP increased its position in Morningstar shares by 42.1% during the third quarter. Rockefeller Capital Management LP now owns 152 shares of the business services provider worth $39,000 after buying 45 more shares in the last quarter. 54.01% of the shares are currently held by hedge funds and other institutional investors.

Separately, StockNews.com downgraded Morningstar shares from a “buy” rating to a “hold” rating in a Wednesday, April 13 research rating.

Morningstar Company Profile (Get an evaluation)

Morningstar, Inc provides independent investment research services in North America, Europe, Australia and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund ratings, and indices, as well as environmental, social and governance rating services ( ESG); and investment offerings, including managed investment products, publicly traded and private companies, fixed income securities and real-time global market data for financial advisors, asset managers, pension plan providers and sponsors and individual and institutional investors.

See also

Insider buying and selling by quarter for Morningstar (NASDAQ:MORN)



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