Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 15,587 shares of Morningstar stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $110.07, for a total value of $1,715,661.09. Following the transaction, the chairman now owns 20,687,950 shares in the company, valued at $2,277,122,656.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ:MORN opened at $117.27 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $141.92 and its two-hundred day simple moving average is $151.33. The stock has a market cap of $4.63 billion, a PE ratio of 33.22 and a beta of 0.75. Morningstar, Inc. has a 52 week low of $102.59 and a 52 week high of $166.59.

Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.94 EPS for the quarter. The business had revenue of $332.40 million for the quarter. Morningstar had a return on equity of 17.16% and a net margin of 12.89%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.02%.

A number of large investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Morningstar by 17.6% during the fourth quarter. Franklin Resources Inc. now owns 19,416 shares of the business services provider’s stock valued at $2,938,000 after acquiring an additional 2,908 shares during the period. Norges Bank bought a new stake in shares of Morningstar in the fourth quarter worth about $40,186,000. Procyon Private Wealth Partners LLC bought a new stake in shares of Morningstar in the fourth quarter worth about $183,000. AXA increased its holdings in shares of Morningstar by 203.0% in the fourth quarter. AXA now owns 50,604 shares of the business services provider’s stock worth $7,657,000 after purchasing an additional 33,904 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Morningstar by 400.0% in the fourth quarter. Point72 Asset Management L.P. now owns 2,000 shares of the business services provider’s stock worth $303,000 after purchasing an additional 1,600 shares during the last quarter. 46.78% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub cut Morningstar from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th.

About Morningstar

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.

Further Reading: 52- Week Highs

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

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