Joseph D. Mansueto Sells 4,502 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORNGet Rating) Chairman Joseph D. Mansueto sold 4,502 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $223.84, for a total value of $1,007,727.68. Following the completion of the transaction, the chairman now owns 12,259,521 shares in the company, valued at $2,744,171,180.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Morningstar Stock Performance

MORN stock opened at $219.99 on Thursday. The business’s fifty day moving average is $240.87 and its 200-day moving average is $249.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.92. The company has a market cap of $9.35 billion, a P/E ratio of 52.50 and a beta of 1.13. Morningstar, Inc. has a twelve month low of $218.25 and a twelve month high of $350.21.

Wall Street Analyst Weigh In

MORN has been the topic of a number of recent research reports. TheStreet lowered Morningstar from a “b-” rating to a “c+” rating in a research report on Tuesday, September 6th. Redburn Partners upgraded Morningstar from a “neutral” rating to a “buy” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its stake in shares of Morningstar by 60.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,470 shares of the business services provider’s stock valued at $6,956,000 after purchasing an additional 9,586 shares during the period. MAI Capital Management lifted its stake in shares of Morningstar by 4.7% in the 1st quarter. MAI Capital Management now owns 993 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 45 shares during the period. Sei Investments Co. lifted its stake in shares of Morningstar by 2.7% in the 4th quarter. Sei Investments Co. now owns 76,773 shares of the business services provider’s stock valued at $26,146,000 after purchasing an additional 2,045 shares during the period. Geode Capital Management LLC lifted its stake in shares of Morningstar by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 319,041 shares of the business services provider’s stock valued at $109,108,000 after purchasing an additional 11,178 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in Morningstar during the 4th quarter worth $51,000. Institutional investors and hedge funds own 54.95% of the company’s stock.

About Morningstar

(Get Rating)

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

Recommended Stories

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.