Intel stock extends gains after report of possible U.S. government stake
Joseph D. Mansueto, Executive Chairman of Morningstar , Inc. (NASDAQ:MORN), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. The transactions, which took place on February 14, 2025, involved the sale of 3,207 shares of common stock, generating a total of approximately $1,054,767. The shares were sold at prices ranging from $328.4123 to $330.2088 per share. The company, currently valued at $14.1 billion, maintains a "GOOD" financial health score according to InvestingPro analysis.
Following these transactions, Mansueto holds 10,118,679 shares directly. Additionally, he retains indirect ownership of 4,836,106 shares through grantor retained annuity trusts and 150,000 shares through trusts for his children, with his spouse acting as trustee for the latter. Analysts have set price targets ranging from $355 to $390 for the stock, which has maintained dividend payments for 16 consecutive years.
These sales were executed under a pre-established Rule 10b5-1 trading plan, which Mansueto adopted on November 17, 2023. InvestingPro subscribers can access 8 additional key insights about Morningstar’s financial performance and valuation metrics.
In other recent news, Morningstar, Inc. has announced a strategic integration with SS&C Technologies, Inc., marking a significant collaboration of Morningstar’s Direct Advisory Suite with SS&C’s Black Diamond (NASDAQ:CLAR) Wealth Platform. This partnership aims to provide a robust platform for wealth management, combining Morningstar’s research and analytics expertise with Black Diamond’s award-winning portfolio management technology. Furthermore, Morningstar has disclosed responses to investor queries in a recent filing with the Securities and Exchange Commission, underscoring its commitment to transparent corporate communication. The company also appointed Michael Holt as its new Chief Financial Officer, succeeding Jason Dubinsky, effective January 1, 2025. Holt, who has been with the company since 2008, brings a wealth of experience and strategic acumen to his new role. These developments reflect Morningstar’s ongoing efforts to enhance its services and maintain open communication with its investor community.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.