Joseph D. Mansueto Sells 9,062 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $302.64, for a total value of $2,742,523.68. Following the transaction, the chairman now directly owns 10,631,706 shares of the company’s stock, valued at $3,217,579,503.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Morningstar Price Performance

Shares of NASDAQ:MORN opened at $305.47 on Friday. The stock has a fifty day moving average of $300.50 and a 200-day moving average of $296.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.98 and a current ratio of 1.05. Morningstar, Inc. has a one year low of $213.38 and a one year high of $330.22. The company has a market capitalization of $13.06 billion, a PE ratio of 61.71 and a beta of 1.17.

Morningstar (NASDAQ:MORN) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share (EPS) for the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%. The company had revenue of $571.90 million during the quarter.

Morningstar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th were issued a $0.405 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.53%. Morningstar’s payout ratio is 32.73%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MORN. Norges Bank acquired a new stake in shares of Morningstar during the 4th quarter worth approximately $85,814,000. M&G Plc acquired a new position in shares of Morningstar during the first quarter valued at about $52,293,000. Wellington Management Group LLP raised its position in Morningstar by 45.9% in the fourth quarter. Wellington Management Group LLP now owns 509,486 shares of the business services provider’s stock worth $145,835,000 after acquiring an additional 160,281 shares during the period. Norden Group LLC raised its position in shares of Morningstar by 3,164.9% in the first quarter. Norden Group LLC now owns 129,257 shares of the business services provider’s stock valued at $39,860,000 after purchasing an additional 125,298 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Morningstar by 31.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 285,398 shares of the business services provider’s stock valued at $81,693,000 after acquiring an additional 68,574 shares in the last quarter. 57.02% of the stock is owned by institutional investors.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.