Morningstar, Inc. (NASDAQ:MORN – Get Free Report) Chairman Joseph Mansueto sold 7,250 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $201.84, for a total value of $1,463,340.00. Following the transaction, the chairman owned 7,999,670 shares of the company’s stock, valued at approximately $1,614,653,392.80. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Morningstar Stock Up 1.1%
Shares of Morningstar stock traded up $2.13 during trading on Wednesday, reaching $197.51. The stock had a trading volume of 210,488 shares, compared to its average volume of 519,282. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 18.70 and a beta of 0.99. The stock has a fifty day moving average price of $174.56 and a two-hundred day moving average price of $176.32. Morningstar, Inc. has a 52 week low of $141.49 and a 52 week high of $266.05.
Morningstar (NASDAQ:MORN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.27. Morningstar had a return on equity of 38.57% and a net margin of 16.43%.The business had revenue of $663.20 million during the quarter, compared to the consensus estimate of $649.72 million.
Analyst Ratings Changes
Read Our Latest Stock Analysis on MORN
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Morningstar during the 2nd quarter valued at $324,792,000. Morgan Stanley increased its holdings in shares of Morningstar by 2.4% in the fourth quarter. Morgan Stanley now owns 2,006,325 shares of the business services provider’s stock valued at $435,995,000 after purchasing an additional 47,360 shares during the last quarter. Wellington Management Group LLP increased its holdings 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 valued at $246,910,000 after purchasing an additional 523,387 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Morningstar by 48.0% in the fourth quarter. AQR Capital Management LLC now owns 900,297 shares of the business services provider’s stock valued at $195,644,000 after purchasing an additional 292,053 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Morningstar by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 517,769 shares of the business services provider’s stock valued at $87,514,000 after purchasing an additional 45,798 shares during the period. 57.02% of the stock is currently owned by institutional investors.
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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