Morningstar, Inc. (MORN) Set to Announce Quarterly Earnings on Wednesday
Morningstar, Inc. (NASDAQ:MORN) will announce its earnings results after the market closes on Wednesday, October 18th.
Morningstar, Inc. (NASDAQ:MORN) opened at 85.33 on Wednesday. Morningstar, Inc. has a 52-week low of $67.74 and a 52-week high of $86.15. The company has a market capitalization of $3.63 billion, a P/E ratio of 22.39 and a beta of 0.74. The firm has a 50-day moving average of $82.95 and a 200 day moving average of $78.82.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Wednesday, October 18th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, October 17th. Morningstar’s dividend payout ratio is currently 24.08%.
In related news, insider Bevin Desmond sold 3,002 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $83.21, for a total value of $249,796.42. Following the completion of the transaction, the insider now directly owns 34,040 shares in the company, valued at approximately $2,832,468.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gail S. Landis sold 500 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $85.00, for a total transaction of $42,500.00. Following the completion of the transaction, the director now owns 7,381 shares of the company’s stock, valued at $627,385. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,502 shares of company stock valued at $374,901. Company insiders own 57.40% of the company’s stock.
An institutional investor recently raised its position in Morningstar stock. The Manufacturers Life Insurance Company lifted its position in Morningstar, Inc. (NASDAQ:MORN) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,510 shares of the business services provider’s stock after purchasing an additional 98 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Morningstar were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 38.31% of the company’s stock.
Separately, BidaskClub upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.
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Morningstar Company Profile
Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.
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