Morningstar, Inc. (NASDAQ:MORN) Chairman Sells $1,280,264.30 in Stock

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Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,435 shares of Morningstar stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $151.78, for a total value of $1,280,264.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The stock was sold at an average price of $151.36, for a total value of $2,659,092.48.

Shares of NASDAQ:MORN opened at $151.12 on Thursday. The business’s 50-day simple moving average is $149.44. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.49 billion, a P/E ratio of 39.19 and a beta of 0.82. Morningstar, Inc. has a 12-month low of $99.67 and a 12-month high of $157.96.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The firm had revenue of $273.90 million during the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, July 3rd.

Several large investors have recently modified their holdings of the stock. Bridges Investment Management Inc. purchased a new stake in Morningstar in the second quarter valued at approximately $257,000. Miracle Mile Advisors LLC lifted its stake in Morningstar by 14.8% in the second quarter. Miracle Mile Advisors LLC now owns 27,145 shares of the business services provider’s stock valued at $3,926,000 after buying an additional 3,494 shares during the last quarter. Commerce Bank lifted its stake in Morningstar by 39.9% in the second quarter. Commerce Bank now owns 2,965 shares of the business services provider’s stock valued at $429,000 after buying an additional 846 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Morningstar by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 681,154 shares of the business services provider’s stock valued at $97,555,000 after buying an additional 11,227 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its stake in Morningstar by 2.1% in the second quarter. Stone Ridge Asset Management LLC now owns 14,569 shares of the business services provider’s stock valued at $2,107,000 after buying an additional 300 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

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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