Morningstar Inc. Executive Chairman Joseph D. Mansueto sold 5,659 shares of the company’s common stock on Aug. 24 for approximately $1.24 million, according to a regulatory filing.
The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on Nov. 19, 2025. The shares were sold at prices ranging from $215.71 to $221.19 each, with Morningstar’s stock last trading at $217.50.
Mansueto retains significant holdings in Morningstar, including 7,938,192 shares directly and an additional 6,277,675 shares held indirectly through grantor retained annuity trusts. He also holds 150,000 shares in trusts for his children, where his spouse serves as trustee.
Morningstar’s market capitalization stands at $8.19 billion, with the stock delivering a 34% return over the past six months. The company has raised its quarterly dividend for five consecutive years, maintaining a payout of 50 cents per share. The most recent dividend was paid on July 31 to shareholders of record as of July 10.
BMO Capital reiterated an Outperform rating on Morningstar with a $212 price target, citing growth potential tied to the Morningstar Direct Platform and PitchBook. The firm also highlighted the MCP protocol as a key driver. Morningstar has recently collaborated with StepStone Group to launch a deal-level benchmarking solution and partnered with Samaya AI to integrate private capital market data into its AI platform.
