Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 9,988 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $155.48, for a total transaction of $1,552,934.24. Following the completion of the sale, the chairman now owns 21,263,469 shares in the company, valued at $3,306,044,160.12. The transaction was disclosed in a filing with the SEC, which is available through this link.
NASDAQ MORN traded up $2.19 on Wednesday, hitting $157.61. The stock had a trading volume of 1,097 shares, compared to its average volume of 84,368. Morningstar, Inc. has a 52-week low of $99.67 and a 52-week high of $163.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 37.29 and a beta of 0.81. The firm has a 50-day moving average of $152.54 and a 200-day moving average of $149.39.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, October 17th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Morningstar by 114.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 219,592 shares of the business services provider’s stock worth $31,762,000 after buying an additional 117,093 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Morningstar in the 2nd quarter worth $16,225,000. Mawer Investment Management Ltd. increased its holdings in shares of Morningstar by 24.8% in the 2nd quarter. Mawer Investment Management Ltd. now owns 483,300 shares of the business services provider’s stock worth $69,905,000 after buying an additional 96,000 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Morningstar by 8.5% in the 2nd quarter. BlackRock Inc. now owns 885,567 shares of the business services provider’s stock worth $128,087,000 after buying an additional 69,173 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Morningstar by 291.4% in the 2nd quarter. Invesco Ltd. now owns 71,536 shares of the business services provider’s stock worth $10,347,000 after buying an additional 53,258 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.
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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