Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 19,981 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $124.52, for a total value of $2,488,034.12. Following the sale, the insider now owns 22,938,874 shares in the company, valued at approximately $2,856,348,590.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ MORN opened at $121.62 on Wednesday. Morningstar, Inc. has a 52-week low of $87.83 and a 52-week high of $144.34. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 33.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 16th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Morningstar by 1.4% during the third quarter. BlackRock Inc. now owns 794,513 shares of the business services provider’s stock valued at $100,030,000 after buying an additional 11,145 shares in the last quarter. FMR LLC raised its stake in Morningstar by 4.5% during the third quarter. FMR LLC now owns 781,394 shares of the business services provider’s stock valued at $98,378,000 after buying an additional 33,559 shares in the last quarter. Renaissance Technologies LLC raised its stake in Morningstar by 7.1% during the third quarter. Renaissance Technologies LLC now owns 643,770 shares of the business services provider’s stock valued at $81,051,000 after buying an additional 42,870 shares in the last quarter. Royce & Associates LP raised its stake in Morningstar by 0.9% during the second quarter. Royce & Associates LP now owns 599,492 shares of the business services provider’s stock valued at $76,885,000 after buying an additional 5,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Morningstar by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 395,633 shares of the business services provider’s stock valued at $49,810,000 after buying an additional 3,353 shares in the last quarter. Hedge funds and other institutional investors own 39.81% of the company’s stock.

Separately, BidaskClub cut Morningstar from a “strong-buy” rating to a “buy” rating in a research note 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.

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

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