Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph Mansueto sold 7,250 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $199.20, for a total transaction of $1,444,200.00. Following the completion of the transaction, the chairman owned 8,030,942 shares in the company, valued at $1,599,763,646.40. The trade was a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Stock Up 2.1%
Shares of NASDAQ MORN opened at $200.66 on Friday. The company has a market capitalization of $7.53 billion, a P/E ratio of 19.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day simple moving average of $174.25 and a 200-day simple moving average of $176.72. Morningstar, Inc. has a 1 year low of $141.49 and a 1 year high of $266.05.
Morningstar (NASDAQ:MORN – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.27. The firm had revenue of $663.20 million for the quarter, compared to analysts’ expectations of $649.72 million. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on Morningstar
Hedge Funds Weigh In On Morningstar
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Morningstar during the 2nd quarter worth approximately $324,792,000. Wellington Management Group LLP grew its stake in shares of Morningstar by 85.4% in the fourth quarter. Wellington Management Group LLP now owns 1,136,213 shares of the business services provider’s stock worth $246,910,000 after acquiring an additional 523,387 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Morningstar by 106.9% in the third quarter. AQR Capital Management LLC now owns 608,244 shares of the business services provider’s stock worth $141,119,000 after acquiring an additional 314,275 shares in the last quarter. Norges Bank purchased a new stake in shares of Morningstar during the fourth quarter worth $62,367,000. Finally, Corient Private Wealth LLC increased its position in shares of Morningstar by 1,196.5% during the fourth quarter. Corient Private Wealth LLC now owns 260,978 shares of the business services provider’s stock worth $56,713,000 after acquiring an additional 240,848 shares during the period. 57.02% of the stock is owned by institutional investors and hedge funds.
About Morningstar
Morningstar, Inc is a leading provider of independent investment research, data, and analytics, serving both individual investors and financial professionals. The company offers comprehensive coverage of financial products, including mutual funds, exchange-traded funds (ETFs), stocks, bonds and market indexes. Morningstar’s proprietary rating systems and research methodologies help clients assess the risk and return profiles of investment opportunities and make informed decisions.
Its core products include Morningstar Direct, an institutional investment analysis platform; Morningstar Office Cloud, a portfolio management solution for advisors; and Morningstar Data, which delivers extensive datasets through APIs and data feeds.
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