Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 1,756 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $158.16, for a total transaction of $277,728.96. Following the transaction, the chairman now directly owns 21,268,751 shares of the company’s stock, valued at $3,363,865,658.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of MORN opened at $156.27 on Thursday. The stock has a market capitalization of $6.68 billion, a P/E ratio of 37.77 and a beta of 0.81. Morningstar, Inc. has a twelve month low of $99.67 and a twelve month high of $163.93. The company has a 50 day moving average of $152.56 and a 200-day moving average of $149.46. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.51.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.12 annualized dividend and a dividend yield of 0.72%.
MORN has been the subject of several research reports. BidaskClub cut shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. ValuEngine cut shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.
Morningstar Company Profile
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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