Intel stock extends gains after report of possible U.S. government stake
Joseph D. Mansueto, Executive Chairman of Morningstar , Inc. (NASDAQ:MORN), recently sold a significant portion of his holdings in the company. According to a recent filing, Mansueto sold a total of 14,920 shares of Morningstar’s common stock over two days, March 11 and March 12, 2025. The sale comes as the stock trades near its 52-week low of $278.64, with the company maintaining a market capitalization of $12.1 billion. The transactions were executed at prices ranging from $281.92 to $287.99 per share, resulting in a total sale value of approximately $5.14 million.
These sales were carried out under a Rule 10b5-1 trading plan, which Mansueto adopted on November 17, 2023. Following these transactions, he retains direct ownership of 10,038,303 shares of Morningstar. Additionally, Mansueto holds 4,836,106 shares indirectly through grantor retained annuity trusts and another 150,000 shares in trusts for his children’s benefit. The stock currently trades at a P/E ratio of 32.8x, with InvestingPro offering 12 additional exclusive tips about Morningstar’s valuation and growth prospects.
In other recent news, Morningstar, Inc. reported its fourth-quarter 2024 earnings, which exceeded consensus expectations, driven by strong performance in its Credit segment. Despite this success, the Data & Analytics division showed slower growth and margin contraction due to a recent divestiture. BMO Capital Markets responded by lowering Morningstar’s price target from $387.00 to $370.00 while maintaining an Outperform rating, reflecting revised expectations for the company’s financial performance. Additionally, Morningstar has embarked on share repurchases, buying back approximately $12 million worth of its shares, marking the first such activity since mid-2023. The company has about $487 million available for future share repurchases under current authorization.
In strategic developments, Morningstar announced a partnership with SS&C Technologies, integrating its Direct Advisory Suite with SS&C’s Black Diamond (NASDAQ:CLAR) Wealth Platform. This integration aims to enhance advisor productivity by offering advanced investment planning and reporting capabilities. As part of this transition, Morningstar will retire its Morningstar Office product, facilitating a migration to the Black Diamond platform. Furthermore, Morningstar has filed a Form 8-K with the SEC, providing transparency by addressing investor queries and outlining forward-looking statements. These statements caution about various risks and uncertainties, including brand reputation challenges and cybersecurity threats.
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