Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 20,051 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $145.78, for a total transaction of $2,923,034.78. Following the completion of the transaction, the insider now owns 21,796,323 shares in the company, valued at $3,177,467,966.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
NASDAQ MORN opened at $146.41 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 37.93 and a beta of 0.83. The stock has a fifty day moving average of $142.10. Morningstar, Inc. has a 52-week low of $99.67 and a 52-week high of $149.70.
Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.77 earnings per share (EPS) for the quarter. The company had revenue of $258.90 million for the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, July 3rd.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Morningstar by 1.9% during the 4th quarter. BlackRock Inc. now owns 809,540 shares of the business services provider’s stock worth $88,919,000 after purchasing an additional 15,027 shares during the period. Advisor Group Inc. increased its holdings in shares of Morningstar by 9.3% during the 4th quarter. Advisor Group Inc. now owns 2,119 shares of the business services provider’s stock worth $233,000 after purchasing an additional 180 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Morningstar by 640.9% during the 4th quarter. Hsbc Holdings PLC now owns 12,773 shares of the business services provider’s stock worth $1,403,000 after purchasing an additional 11,049 shares during the period. Townsquare Capital LLC bought a new position in shares of Morningstar during the 4th quarter worth about $315,000. Finally, United Services Automobile Association increased its holdings in shares of Morningstar by 4.6% during the 4th quarter. United Services Automobile Association now owns 6,052 shares of the business services provider’s stock worth $665,000 after purchasing an additional 268 shares during the period. 42.72% of the stock is owned by institutional investors.
Separately, BidaskClub upgraded shares of Morningstar from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 29th.
Morningstar Company Profile
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: Beta
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