Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 16,067 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $146.22, for a total transaction of $2,349,316.74. Following the completion of the transaction, the insider now directly owns 21,757,391 shares in the company, valued at approximately $3,181,365,712.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NASDAQ MORN opened at $152.30 on Friday. The company has a 50-day simple moving average of $143.93. Morningstar, Inc. has a 1 year low of $99.67 and a 1 year high of $152.76. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 39.12 and a beta of 0.83. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.
Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.77 earnings per share for the quarter. Morningstar had a net margin of 16.84% and a return on equity of 17.95%. The business had revenue of $258.90 million for the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, July 3rd.
A number of institutional investors have recently added to or reduced their stakes in MORN. Comerica Bank bought a new position in Morningstar during the 1st quarter worth approximately $210,000. Connable Office Inc. bought a new position in Morningstar during the 1st quarter worth approximately $212,000. Ibex Investors LLC bought a new position in Morningstar during the 4th quarter worth approximately $215,000. Spectrum Asset Management Inc. NB CA bought a new position in Morningstar during the 1st quarter worth approximately $227,000. Finally, Advisor Group Inc. boosted its stake in 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 acquiring an additional 180 shares during the last quarter. 42.72% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th.
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.
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