Joseph D. Mansueto Sells 1,756 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Share on StockTwits

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%.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Morningstar by 0.5% in the second quarter. Vanguard Group Inc. now owns 1,682,328 shares of the business services provider’s stock valued at $243,332,000 after buying an additional 7,602 shares in the last quarter. BlackRock Inc. grew its stake in shares of Morningstar by 8.5% in the second quarter. BlackRock Inc. now owns 885,567 shares of the business services provider’s stock valued at $128,087,000 after buying an additional 69,173 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 in the last quarter. Mawer Investment Management Ltd. grew its stake in shares of Morningstar by 24.8% in the second quarter. Mawer Investment Management Ltd. now owns 483,300 shares of the business services provider’s stock valued at $69,905,000 after buying an additional 96,000 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Morningstar by 4.6% in the third quarter. Eagle Asset Management Inc. now owns 314,665 shares of the business services provider’s stock valued at $45,985,000 after buying an additional 13,736 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: What is the cash asset ratio?

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Susquehanna Bancshares Reiterates Buy Rating for Genesco
Susquehanna Bancshares Reiterates Buy Rating for Genesco
Ashland Global Holdings Inc  Expected to Announce Earnings of $0.28 Per Share
Ashland Global Holdings Inc Expected to Announce Earnings of $0.28 Per Share
SAGE Therapeutics  Price Target Cut to $105.00
SAGE Therapeutics Price Target Cut to $105.00
Johns Lyng Group   Shares Down 0.5%
Johns Lyng Group Shares Down 0.5%
Invesco DB Silver Fund  Shares Up 0.7%
Invesco DB Silver Fund Shares Up 0.7%
LHC Group  Price Target Raised to $160.00 at SunTrust Banks
LHC Group Price Target Raised to $160.00 at SunTrust Banks


© 2006-2019 Ticker Report