Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 12,385 Shares

Morningstar, Inc. (NASDAQ:MORNGet Rating) Chairman Joseph D. Mansueto sold 12,385 shares of Morningstar stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $236.94, for a total value of $2,934,501.90. Following the sale, the chairman now directly owns 12,579,299 shares of the company’s stock, valued at $2,980,539,105.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ:MORN traded down $0.64 during mid-day trading on Thursday, hitting $233.30. 1,564 shares of the stock were exchanged, compared to its average volume of 166,661. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 55.04 and a beta of 1.16. The firm’s 50-day simple moving average is $267.79 and its 200 day simple moving average is $292.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.13 and a current ratio of 1.25. Morningstar, Inc. has a fifty-two week low of $229.33 and a fifty-two week high of $350.21.

Morningstar (NASDAQ:MORNGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The business services provider reported $1.50 earnings per share for the quarter. The firm had revenue of $462.20 million during the quarter. Morningstar had a return on equity of 19.08% and a net margin of 10.46%.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Friday, April 1st were paid a $0.36 dividend. The ex-dividend date was Thursday, March 31st. This represents a $1.44 annualized dividend and a dividend yield of 0.62%. Morningstar’s payout ratio is 33.88%.

Separately, StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th.

A number of hedge funds have recently modified their holdings of MORN. Morgan Stanley grew its position in Morningstar by 39.3% during the 2nd quarter. Morgan Stanley now owns 94,944 shares of the business services provider’s stock worth $24,411,000 after acquiring an additional 26,780 shares during the last quarter. Raymond James & Associates lifted its holdings in Morningstar by 12.8% during the 3rd quarter. Raymond James & Associates now owns 2,085 shares of the business services provider’s stock worth $540,000 after buying an additional 237 shares during the period. Deutsche Bank AG lifted its holdings in Morningstar by 26.2% during the 3rd quarter. Deutsche Bank AG now owns 18,108 shares of the business services provider’s stock worth $4,690,000 after buying an additional 3,763 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Morningstar by 16.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,360 shares of the business services provider’s stock worth $351,000 after buying an additional 196 shares during the period. Finally, Synovus Financial Corp acquired a new position in Morningstar during the 3rd quarter worth about $266,000. Institutional investors and hedge funds own 54.01% of the company’s stock.

About Morningstar (Get Rating)

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 rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, 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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