Morningstar, Inc. (MORN) Insider Joseph D. Mansueto Sells 16,509 Shares
Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 16,509 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $121.28, for a total transaction of $2,002,211.52. Following the completion of the transaction, the insider now directly owns 22,917,543 shares in the company, valued at $2,779,439,615.04. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Morningstar stock opened at $118.03 on Tuesday. The stock has a market capitalization of $5.18 billion, a P/E ratio of 32.53 and a beta of 0.76. Morningstar, Inc. has a twelve month low of $89.13 and a twelve month high of $144.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.82 and a current ratio of 1.82.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, October 16th.
Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Morningstar in the 3rd quarter valued at about $123,000. Tower Research Capital LLC TRC lifted its stake in Morningstar by 7,880.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,197 shares of the business services provider’s stock valued at $151,000 after buying an additional 1,182 shares in the last quarter. Bessemer Group Inc. lifted its stake in Morningstar by 221.2% in the 3rd quarter. Bessemer Group Inc. now owns 1,548 shares of the business services provider’s stock valued at $195,000 after buying an additional 1,066 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Morningstar in the 3rd quarter valued at about $201,000. Finally, Comerica Bank purchased a new position in Morningstar in the 3rd quarter valued at about $209,000. 40.50% of the stock is currently owned by hedge funds and other institutional investors.
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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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