Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 18,534 shares of Morningstar stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $112.29, for a total transaction of $2,081,182.86. Following the transaction, the insider now directly owns 23,699,751 shares of the company’s stock, valued at $2,661,245,039.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Morningstar opened at $114.69 on Friday, Marketbeat reports. Morningstar, Inc. has a 12 month low of $113.06 and a 12 month high of $114.10. 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 stock has a market cap of $4.80 billion, a P/E ratio of 36.77 and a beta of 0.66.
Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.91 EPS for the quarter. Morningstar had a net margin of 17.00% and a return on equity of 16.54%. The firm had revenue of $243.10 million during the quarter.
The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Investors of record on Friday, April 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%.
Several hedge funds have recently added to or reduced their stakes in MORN. State of Alaska Department of Revenue purchased a new position in shares of Morningstar during the 4th quarter worth about $126,000. Advisor Group Inc. lifted its holdings 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 buying an additional 528 shares in the last quarter. Atria Investments LLC bought a new stake in Morningstar during the 4th quarter valued at about $203,000. Montag A & Associates Inc. bought a new stake in Morningstar during the 4th quarter valued at about $205,000. Finally, BNP Paribas Arbitrage SA lifted its holdings 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 buying an additional 1,632 shares in the last quarter. 40.94% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub cut shares of Morningstar from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th.
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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