Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 10,108 shares of Morningstar stock in a transaction on Friday, May 17th. The shares were sold at an average price of $134.23, for a total value of $1,356,796.84. Following the transaction, the chairman now directly owns 22,084,141 shares of the company’s stock, valued at $2,964,354,246.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Joseph D. Mansueto also recently made the following trade(s):

  • On Thursday, March 21st, Joseph D. Mansueto sold 10,521 shares of Morningstar stock. The shares were sold at an average price of $122.11, for a total value of $1,284,719.31.

Shares of NASDAQ:MORN opened at $136.35 on Thursday. Morningstar, Inc. has a twelve month low of $99.67 and a twelve month high of $146.64. The firm has a market capitalization of $5.73 billion, a PE ratio of 34.83 and a beta of 0.88. 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 (NASDAQ:MORN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.77 earnings per share for the quarter. Morningstar had a return on equity of 17.95% and a net margin of 16.84%. The company had revenue of $258.90 million during the quarter.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.82%.

Separately, BidaskClub lowered Morningstar from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Morningstar by 2.5% in the third quarter. Vanguard Group Inc. now owns 1,636,889 shares of the business services provider’s stock valued at $206,085,000 after buying an additional 40,273 shares in the last quarter. FMR LLC increased its stake in shares of Morningstar by 26.5% in the first quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock valued at $195,833,000 after buying an additional 325,848 shares in the last quarter. BlackRock Inc. increased its stake in shares of Morningstar by 0.8% in the first quarter. BlackRock Inc. now owns 816,394 shares of the business services provider’s stock valued at $102,857,000 after buying an additional 6,854 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Morningstar by 0.7% in the first quarter. Renaissance Technologies LLC now owns 696,270 shares of the business services provider’s stock valued at $87,723,000 after buying an additional 4,700 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Morningstar by 5.3% in the first quarter. JPMorgan Chase & Co. now owns 669,927 shares of the business services provider’s stock valued at $84,405,000 after buying an additional 33,458 shares in the last quarter. Institutional investors own 42.53% of the company’s stock.

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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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