Morningstar executive chairman Joseph Mansueto sells $562,661 in stock

CHICAGO—Joseph Mansueto, Executive Chairman of Morningstar , Inc. (NASDAQ:MORN), recently sold shares of the company’s common stock valued at approximately $562,661. According to a filing with the Securities and Exchange Commission, the transaction took place on February 3, 2025, involving the sale of 1,716 shares at an average price of $327.8915 per share. The transaction comes as Morningstar, currently valued at $14 billion, trades above its InvestingPro Fair Value with a P/E ratio of 42.6.

This sale was executed as part of a prearranged trading plan under Rule 10b5-1, which Mansueto adopted on November 17, 2023. Following the transaction, Mansueto’s direct ownership in Morningstar stands at 10,151,120 shares. Additionally, Mansueto holds indirect ownership of shares through trusts, with 4,836,106 shares and 150,000 shares held in separate trusts for the benefit of his children. The company maintains strong financial health according to InvestingPro metrics, with revenue growing 12.5% and consistent dividend payments for 16 consecutive years.

The transaction was carried out in multiple trades, with prices ranging from $327.6400 to $328.3200, as noted in the filing. Analysts maintain positive expectations for the company, with price targets ranging from $355 to $390 per share.

In other recent news, Morningstar Inc. has made several notable announcements. The company recently appointed Michael Holt as the new Chief Financial Officer, effective January 1, 2025. Holt, who has been with the company since 2008, will succeed Jason Dubinsky and will be responsible for leading Morningstar’s global finance organization.

In addition to this leadership change, Morningstar has also been active in addressing investor queries through recent filings with the Securities and Exchange Commission (SEC). The company disclosed responses to investor questions in a Form 8-K, emphasizing its commitment to transparency and open communication with its investor community. These disclosures, which are part of Morningstar’s routine communication practices, are designed to provide clarity on the company’s operations and strategic direction.

The filings also included forward-looking statements outlining the company’s expectations for future events and financial performance. These projections, however, carry inherent risks and uncertainties, such as potential challenges to brand reputation, cybersecurity threats, regulatory changes, and the need for innovation. Morningstar advises investors to review additional disclosures in its periodic SEC filings for updates on these risk factors and the company’s business outlook. These are recent developments at Morningstar, demonstrating the company’s dedication to transparent communication and strategic growth.

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