Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 17,992 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $124.42, for a total transaction of $2,238,564.64. Following the completion of the transaction, the insider now directly owns 22,990,060 shares of the company’s stock, valued at approximately $2,860,423,265.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of MORN stock traded up $0.89 on Monday, reaching $124.90. The company had a trading volume of 2,087 shares, compared to its average volume of 109,317. The stock has a market capitalization of $5.29 billion, a P/E ratio of 33.25 and a beta of 0.76. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.10. Morningstar, Inc. has a one year low of $85.21 and a one year high of $144.34.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%.
Separately, BidaskClub raised shares of Morningstar from a “buy” rating to a “strong-buy” rating in a report on Friday, July 20th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC raised its holdings in Morningstar by 12.1% in the 2nd quarter. Aperio Group LLC now owns 35,962 shares of the business services provider’s stock valued at $4,612,000 after buying an additional 3,891 shares during the last quarter. United Services Automobile Association grew its position in shares of Morningstar by 47.2% during the 2nd quarter. United Services Automobile Association now owns 4,197 shares of the business services provider’s stock worth $538,000 after buying an additional 1,346 shares during the period. Wells Fargo & Company MN grew its position in shares of Morningstar by 26.2% during the 2nd quarter. Wells Fargo & Company MN now owns 256,225 shares of the business services provider’s stock worth $32,860,000 after buying an additional 53,118 shares during the period. Voya Investment Management LLC grew its position in shares of Morningstar by 6.2% during the 2nd quarter. Voya Investment Management LLC now owns 15,606 shares of the business services provider’s stock worth $2,001,000 after buying an additional 906 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Morningstar by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 134,949 shares of the business services provider’s stock worth $17,308,000 after buying an additional 5,795 shares during the period. Institutional investors and hedge funds own 39.56% of the company’s stock.
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Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. 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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