Morningstar Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:MRS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Dec 24	Sell€1,083,551	Jason Dubinsky	Individual	3,223	€339.63
31 Jul 24	Sell€474,404	Daniel Dunn	Individual	1,600	€296.50
30 Jul 24	Sell€225,521	William Lyons	Individual	750	€300.70
28 Jun 24	Sell€205,940	William Lyons	Individual	750	€274.59
24 Jun 24	Sell€80,276	Caroline Tsay	Individual	290	€276.82
04 Jun 24	Sell€199,241	William Lyons	Individual	750	€265.66

Insider Trading Volume

Insider Buying: MRS insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of MRS?
Owner Type	Number of Shares	Ownership Percentage
State or Government	22,414	0.0497%
Individual Insiders	17,799,553	39.5%
Institutions	27,275,924	60.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 91.42% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
35.3%	Joseph Mansueto	15,138,942	€4.8b	-2.67%	no data
6.42%	The Vanguard Group, Inc.	2,752,013	€876.2m	0.51%	0.01%
6.01%	BlackRock, Inc.	2,576,859	€820.4m	1.58%	0.01%
5.57%	Daniel Mansueto	2,390,545	€761.1m	0%	no data
4.72%	Eaton Vance Management	2,025,308	€644.8m	2.37%	0.15%
4.1%	Select Equity Group, L.P.	1,759,321	€560.1m	-27.7%	1.9%
3.41%	Bank of America Corporation, Asset Management Arm	1,462,259	€465.5m	3.2%	0.14%
3.04%	Baron Capital Group, Inc.	1,305,588	€415.7m	-0.1%	0.97%
2.8%	Massachusetts Financial Services Company	1,201,708	€382.6m	9.3%	0.08%
2.48%	Artisan Partners Limited Partnership	1,064,163	€338.8m	0%	0.26%
2.43%	Kayne Anderson Rudnick Investment Management, LLC	1,043,082	€332.1m	-7.62%	0.71%
2.22%	Wellington Management Group LLP	950,512	€302.6m	0.55%	0.05%
1.88%	State Street Global Advisors, Inc.	804,293	€256.1m	3.7%	0.01%
1.62%	Wasatch Advisors LP	696,023	€221.6m	13.9%	0.72%
1.6%	T. Rowe Price Group, Inc.	685,192	€218.1m	0.07%	0.02%
1.16%	Geode Capital Management, LLC	497,411	€158.4m	2.14%	0.01%
1.15%	Millennium Management LLC	495,106	€157.6m	54.6%	0.13%
0.94%	Liontrust Asset Management PLC	402,775	€128.2m	0%	0.56%
0.93%	FMR LLC	399,691	€127.2m	10.9%	0.01%
0.76%	Norges Bank Investment Management	324,445	€103.3m	0%	0.01%
0.68%	Dimensional Fund Advisors LP	291,859	€92.9m	7.27%	0.01%
0.65%	BNY Asset Management	278,809	€88.8m	-13.9%	0.02%
0.64%	Allspring Global Investments, LLC	273,398	€87.0m	-3.23%	0.12%
0.45%	Northern Trust Global Investments	194,016	€61.8m	-0.14%	0.01%
0.45%	Amundi Asset Management SAS	192,776	€61.4m	0.4%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/20 17:11
End of Day Share Price	2025/01/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Morningstar, Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Silber	BMO Capital Markets Equity Research
Niamh Alexander	Keefe, Bruyette, & Woods
Russell Quelch	Redburn Atlantic