Joseph D. Mansueto Sells 13,833 Shares of Morningstar, Inc. (MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 13,833 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $125.80, for a total value of $1,740,191.40. Following the completion of the transaction, the insider now directly owns 22,959,144 shares in the company, valued at $2,888,260,315.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NASDAQ MORN opened at $124.67 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82. Morningstar, Inc. has a 1 year low of $86.62 and a 1 year high of $144.34. The firm has a market capitalization of $5.38 billion, a P/E ratio of 33.80 and a beta of 0.76.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 16th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its position in shares of Morningstar by 25.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,160 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 440 shares during the period. Verition Fund Management LLC increased its position in shares of Morningstar by 13.7% in the 2nd quarter. Verition Fund Management LLC now owns 3,911 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 471 shares during the period. Stone Ridge Asset Management LLC increased its position in shares of Morningstar by 4.8% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 10,457 shares of the business services provider’s stock valued at $1,317,000 after acquiring an additional 476 shares during the period. Yorktown Management & Research Co Inc increased its position in shares of Morningstar by 9.7% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 5,487 shares of the business services provider’s stock valued at $691,000 after acquiring an additional 486 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Morningstar by 18.0% in the 1st quarter. Principal Financial Group Inc. now owns 3,697 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 564 shares during the period. 39.56% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 27th.

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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.

Further Reading: Cost of Debt

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

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