Morningstar, Inc. (NASDAQ:MORN) Insider Joseph D. Mansueto Sells 22,411 Shares

Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 22,411 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $156.42, for a total transaction of $3,505,528.62. Following the sale, the insider now directly owns 21,629,592 shares of the company’s stock, valued at approximately $3,383,300,780.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Joseph D. Mansueto also recently made the following trade(s):

  • On Thursday, August 1st, Joseph D. Mansueto sold 8,435 shares of Morningstar stock. The stock was sold at an average price of $151.78, for a total transaction of $1,280,264.30.
  • On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The stock was sold at an average price of $151.36, for a total transaction of $2,659,092.48.

NASDAQ MORN traded down $1.05 during trading hours on Thursday, hitting $155.00. 341 shares of the company’s stock traded hands, compared to its average volume of 77,492. Morningstar, Inc. has a 52-week low of $99.67 and a 52-week high of $157.96. The company has a market capitalization of $6.71 billion, a PE ratio of 40.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. The firm’s 50-day moving average is $152.55 and its 200-day moving average is $137.69.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Morningstar had a net margin of 16.52% and a return on equity of 17.36%. The company had revenue of $273.90 million during the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empire Life Investments Inc. lifted its holdings in shares of Morningstar by 2.0% in the 2nd quarter. Empire Life Investments Inc. now owns 4,184 shares of the business services provider’s stock worth $605,000 after acquiring an additional 84 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Morningstar by 133.1% in the 2nd quarter. Cresset Asset Management LLC now owns 1,485 shares of the business services provider’s stock worth $215,000 after acquiring an additional 848 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Morningstar by 5.8% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,229 shares of the business services provider’s stock worth $322,000 after acquiring an additional 122 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Morningstar by 10.2% in the 2nd quarter. Royal Bank of Canada now owns 3,886 shares of the business services provider’s stock worth $563,000 after acquiring an additional 361 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Morningstar in the 2nd quarter worth approximately $297,000. 43.46% of the stock is owned by institutional investors.

Separately, BidaskClub raised shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.

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.

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

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