NASDAQ:MORN - Get Free Report ) Chairman Joseph D. Mansueto sold 134 shares of the business's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $300.43, for a total transaction of $40,257.62. Following the transaction, the chairman now owns 10,726,348 shares in the company, valued at approximately $3,222,516,729.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
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Morningstar Stock Performance Morningstar stock traded up $3.22 during midday trading on Thursday, reaching $299.16. 69,379 shares of the company traded hands, compared to its average volume of 124,830. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 60.44 and a beta of 1.15. The business has a 50 day moving average of $302.10 and a two-hundred day moving average of $284.04. Morningstar, Inc. has a 12 month low of $185.15 and a 12 month high of $316.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.98.
Morningstar (NASDAQ:MORN - Get Free Report ) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.73 earnings per share for the quarter. The company had revenue of $542.80 million for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%.
Morningstar Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a $0.405 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.62 annualized dividend and a yield of 0.54%. Morningstar's payout ratio is presently 32.73%.
Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Morningstar from a "hold" rating to a "buy" rating in a research note on Thursday, February 29th. TheStreet upgraded shares of Morningstar from a "c" rating to a "b" rating in a research report on Friday, February 23rd.
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Institutional Inflows and Outflows Institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new position in Morningstar in the fourth quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in Morningstar during the fourth quarter valued at $35,000. Harvest Fund Management Co. Ltd bought a new position in Morningstar during the third quarter valued at $42,000. Fifth Third Bancorp lifted its stake in Morningstar by 55.2% in the third quarter. Fifth Third Bancorp now owns 194 shares of the business services provider's stock worth $45,000 after purchasing an additional 69 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in Morningstar in the fourth quarter worth about $65,000. 57.02% of the stock is currently owned by institutional investors.
Morningstar Company Profile (
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Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.
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