Morningstar, Inc. (MORN) Insider Sold $1,958,679.60 in Shares

Morningstar, Inc. (MORN) Insider Sold $1,958,679.60 in Shares

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 18,069 shares of Morningstar stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $108.40, for a total value of $1,958,679.60. Following the sale, the insider now directly owns 22,597,764 shares of the company’s stock, valued at $2,449,597,617.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of MORN traded down $0.87 during midday trading on Friday, reaching $108.25. 38 shares of the stock were exchanged, compared to its average volume of 93,734. 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 twelve month low of $90.00 and a twelve month high of $144.34. The stock has a market capitalization of $4.65 billion, a P/E ratio of 29.25 and a beta of 0.77.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Friday, January 4th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, January 3rd. This is a boost from Morningstar’s previous quarterly dividend of $0.25.

A number of analysts have recently commented on MORN shares. ValuEngine upgraded Morningstar from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub cut Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th.

A number of hedge funds have recently modified their holdings of the stock. Paradigm Asset Management Co. LLC increased its position in Morningstar by 14.3% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 100 shares during the period. Legal & General Group Plc increased its position in Morningstar by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 8,825 shares of the business services provider’s stock valued at $1,111,000 after acquiring an additional 165 shares during the period. Verition Fund Management LLC increased its position in 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 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. Finally, Yorktown Management & Research Co Inc increased its position in 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. Hedge funds and other institutional investors own 40.50% of the company’s stock.

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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