Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,294 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $157.11, for a total transaction of $1,303,070.34. Following the transaction, the chairman now directly owns 21,132,358 shares of the company’s stock, valued at approximately $3,320,104,765.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ:MORN traded down $1.37 during trading hours on Tuesday, reaching $154.09. The stock had a trading volume of 1,512 shares, compared to its average volume of 76,781. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.30. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $163.93. The company has a 50 day moving average price of $155.95 and a two-hundred day moving average price of $151.12. The stock has a market capitalization of $6.73 billion, a PE ratio of 38.04 and a beta of 0.80.
Several brokerages have recently issued reports on MORN. BidaskClub cut Morningstar from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. ValuEngine downgraded Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in Morningstar by 114.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 219,592 shares of the business services provider’s stock valued at $31,762,000 after buying an additional 117,093 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Morningstar in the 2nd quarter valued at approximately $16,225,000. Mawer Investment Management Ltd. lifted its stake in shares of Morningstar by 24.8% during the second quarter. Mawer Investment Management Ltd. now owns 483,300 shares of the business services provider’s stock worth $69,905,000 after buying an additional 96,000 shares during the period. BlackRock Inc. lifted its position in Morningstar by 8.5% during the 2nd quarter. BlackRock Inc. now owns 885,567 shares of the business services provider’s stock worth $128,087,000 after acquiring an additional 69,173 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Morningstar by 291.4% during the second quarter. Invesco Ltd. now owns 71,536 shares of the business services provider’s stock worth $10,347,000 after purchasing an additional 53,258 shares during the period. Institutional investors own 45.35% of the company’s stock.
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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