Morningstar (MORN) Reaches New 12-Month High and Low at $129.82
Morningstar, Inc. (NASDAQ:MORN) hit a new 52-week high and low during trading on Monday . The stock traded as low as $129.82 and last traded at $128.93, with a volume of 1032 shares. The stock had previously closed at $128.31.
A number of equities analysts recently weighed in on MORN shares. BidaskClub raised Morningstar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. ValuEngine raised Morningstar from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd.
The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 42.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, July 6th will be paid a $0.25 dividend. The ex-dividend date is Thursday, July 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%.
In related news, Chairman Joseph D. Mansueto sold 12,214 shares of Morningstar stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $108.79, for a total value of $1,328,761.06. Following the transaction, the chairman now owns 23,794,095 shares of the company’s stock, valued at approximately $2,588,559,595.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph D. Mansueto sold 22,071 shares of Morningstar stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $108.86, for a total value of $2,402,649.06. Following the completion of the transaction, the insider now directly owns 23,752,986 shares in the company, valued at approximately $2,585,750,055.96. The disclosure for this sale can be found here. Insiders sold a total of 264,905 shares of company stock worth $30,845,070 in the last three months. 57.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its stake in Morningstar by 57.3% during the 4th quarter. Advisor Group Inc. now owns 1,449 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 528 shares in the last quarter. Montag A & Associates Inc. purchased a new position in Morningstar during the 4th quarter valued at about $205,000. BNP Paribas Arbitrage SA grew its stake in Morningstar by 300.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,176 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 1,632 shares in the last quarter. Atria Investments LLC grew its stake in Morningstar by 25.5% during the 1st quarter. Atria Investments LLC now owns 2,625 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 534 shares in the last quarter. Finally, Navellier & Associates Inc purchased a new position in Morningstar during the 4th quarter valued at about $253,000. 38.20% of the stock is currently owned by institutional investors.
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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