Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto Sells 10,627 Shares

Morningstar, Inc. (NASDAQ:MORNGet Rating) Chairman Joseph D. Mansueto sold 10,627 shares of Morningstar stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $246.59, for a total transaction of $2,620,511.93. Following the completion of the sale, the chairman now owns 12,509,028 shares of the company’s stock, valued at $3,084,601,214.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ MORN traded down $6.95 during midday trading on Tuesday, reaching $240.30. The company’s stock had a trading volume of 2,136 shares, compared to its average volume of 168,851. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.25. Morningstar, Inc. has a fifty-two week low of $227.53 and a fifty-two week high of $350.21. The business’s 50 day moving average price is $264.22 and its two-hundred day moving average price is $288.63. The company has a market cap of $10.27 billion, a P/E ratio of 58.18 and a beta of 1.16.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 1st will be paid a $0.36 dividend. The ex-dividend date is Thursday, June 30th. This represents a $1.44 dividend on an annualized basis and a yield of 0.60%. Morningstar’s dividend payout ratio (DPR) is 33.88%.

Separately, downgraded shares of Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th.

Large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its stake in Morningstar by 9.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,401 shares of the business services provider’s stock valued at $3,557,000 after acquiring an additional 856 shares during the last quarter. Capitolis Advisors LLC bought a new stake in shares of Morningstar during the third quarter worth $31,000. Squarepoint Ops LLC grew its stake in shares of Morningstar by 13.1% during the third quarter. Squarepoint Ops LLC now owns 8,764 shares of the business services provider’s stock worth $2,270,000 after buying an additional 1,016 shares during the last quarter. Baird Financial Group Inc. bought a new stake in shares of Morningstar during the fourth quarter worth $263,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Morningstar during the fourth quarter worth $39,313,000. 54.01% of the stock is currently owned by institutional investors and hedge funds.

Morningstar Company Profile (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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