Joseph D. Mansueto Sells 14,500 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN – Get Rating) Chairman Joseph D. Mansueto sold 14,500 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $189.29, for a total transaction of $2,744,705.00. Following the sale, the chairman now owns 11,494,411 shares of the company’s stock, valued at approximately $2,175,777,058.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Morningstar Price Performance

MORN opened at $186.20 on Friday. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 114.23 and a beta of 1.19. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $227.65 and a 200-day moving average price of $227.24. Morningstar, Inc. has a twelve month low of $181.33 and a twelve month high of $293.64.

Analyst Ratings Changes

MORN has been the subject of a number of research analyst reports. StockNews.com began coverage on shares of Morningstar in a report on Thursday. They set a “hold” rating for the company. Redburn Partners downgraded shares of Morningstar from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 11th.

Hedge Funds Weigh In On Morningstar

Several large investors have recently modified their holdings of MORN. HBK Sorce Advisory LLC grew its stake in Morningstar by 3.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,296 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 46 shares in the last quarter. Amalgamated Bank grew its stake in Morningstar by 0.8% during the fourth quarter. Amalgamated Bank now owns 5,592 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 47 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Morningstar by 12.9% during the fourth quarter. Quadrant Capital Group LLC now owns 430 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 49 shares in the last quarter. Fiduciary Trust Co. grew its stake in Morningstar by 2.0% during the third quarter. Fiduciary Trust Co. now owns 2,501 shares of the business services provider’s stock valued at $531,000 after acquiring an additional 50 shares in the last quarter. Finally, Kensington Investment Counsel LLC grew its stake in Morningstar by 0.6% during the third quarter. Kensington Investment Counsel LLC now owns 8,913 shares of the business services provider’s stock valued at $1,892,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 54.79% of the company’s stock.

Morningstar Company Profile

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Morningstar, Inc engages in the provision of investment research. It offers Morningstar data, direct, investment management, advisor workstation, workplace solutions, pitchbook data, enterprise components, research, credit ratings and indexes. The company was founded by Joseph D. Mansueto on May 16, 1984, and is headquartered in Chicago, IL.