Joseph D. Mansueto, executive chairman of Morningstar Inc., sold 5,659 common shares on August 24 for approximately $1.24 million under a Rule 10b5-1 trading plan adopted on November 19, 2025.
The shares were disposed at individual prices ranging from $215.71 to $221.19, with Morningstar’s stock last trading at $217.50. The company’s market capitalization stands at $8.19 billion, with shares up 34% over the prior six months.
Mansueto’s direct holdings after the sale total 7,938,192 ordinary shares. Additional indirect ownership includes 6,277,675 shares held in grantor retained annuity trusts and 150,000 shares in trusts for his children, where his spouse acts as administrator.
The disposal follows the introduction of Morningstar’s SPI Deal Benchmarking product in May 2026 and a recent partnership with Samaya AI to integrate private capital market data into an artificial intelligence platform.
BMO Capital maintained an Outperform rating on Morningstar with a $212 price target, citing the potential of the MCP protocol within Morningstar Direct and PitchBook.
