Insider Selling: Morningstar, Inc. (MORN) Insider Sells 16,967 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 16,967 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $118.62, for a total transaction of $2,012,625.54. Following the completion of the transaction, the insider now directly owns 22,775,210 shares of the company’s stock, valued at approximately $2,701,595,410.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

MORN stock opened at $116.48 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.82 and a quick ratio of 1.82. Morningstar, Inc. has a one year low of $90.00 and a one year high of $144.34. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 31.42 and a beta of 0.74.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Wednesday, October 24th. The business services provider reported $1.13 EPS for the quarter. Morningstar had a net margin of 17.94% and a return on equity of 18.50%. The business had revenue of $261.30 million during the quarter.

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake 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 purchasing an additional 564 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Morningstar in the 2nd quarter valued at $279,000. Bank of Montreal Can purchased a new stake in shares of Morningstar in the 2nd quarter valued at $2,786,000. Creative Planning purchased a new stake in shares of Morningstar in the 2nd quarter valued at $217,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Morningstar by 86.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,053 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 1,877 shares in the last quarter. 40.52% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub cut shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Morningstar, Inc. (MORN) Insider Sells 16,967 Shares of Stock” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/12/07/insider-selling-morningstar-inc-morn-insider-sells-16967-shares-of-stock.html.

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: Compound Interest and Why It Matters When Investing

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.


Leave a Reply