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Morningstar, Inc. (Nasdaq: MORN) is a premier American financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto. It is widely recognized for its independent investment research and management services, catering primarily to financial advisers, asset managers, and individual investors.
Core Operations: Morningstar focuses on two primary sectors: data and research. The company offers comprehensive data on a myriad of investment vehicles including mutual funds, stocks, exchange-traded funds (ETFs), closed-end funds, separate accounts, and variable annuities. Additionally, Morningstar tracks real-time market data for equity, derivative, and currency exchanges, providing crucial insights for the financial industry.
Research Insights: The firm's research arm delivers in-depth analyst reports on both passive and active mutual funds, alternative funds, and college saving plans, setting a high standard for accuracy and reliability. With a robust team of analysts, Morningstar ensures that financial professionals and investors have access to detailed, unbiased information.
Recent Achievements: As of September 30, 2023, Morningstar managed approximately $264 billion in assets through its investment advisory subsidiaries. The company has also expanded its influence across 32 countries, emphasizing its commitment to global investment insights.
Current Projects: Morningstar Wealth recently announced the addition of third-party Separately Managed Accounts (SMAs) to its U.S. Wealth Platform. This strategic move, featuring top-tier asset management firms like AllianceBernstein and Putnam Investments, aims to provide advisors with a broader array of investment choices, thereby enhancing the advisor-investor relationship.
Morningstar's dedication to empowering financial advisors and investors is evident from its continuous efforts to innovate and expand its offerings. From real-time global market data to managed portfolios, the company stands out as a leader in the financial services sector.
For more information, visit www.morningstar.com/company or follow Morningstar on X @MorningstarInc.
Morningstar, Inc. (MORN) reported estimated U.S. mutual fund and ETF flows for November 2021, totaling $81 billion, consistent with October's $84 billion. Passive strategies dominated with $83 billion inflows while active strategies faced $2 billion outflows. Key highlights included $78 billion intake in ETFs and $26 billion for taxable-bond funds. ESG funds attracted $6.2 billion in November. Vanguard led with $29.3 billion in inflows, significantly outpacing competitors for the year to date.
The board of directors of Morningstar, Inc. (Nasdaq: MORN) declared a quarterly dividend of 36 cents per share, an increase of 14.3% from the prior rate of 31.5 cents. This dividend will be payable on January 31, 2022 to shareholders of record as of January 7, 2022, resulting in an annualized dividend of $1.44 compared to $1.26 previously. Morningstar, which manages about $260 billion in assets, remains optimistic about its future growth and plans to pay three additional dividends in 2022, subject to board approval.
Morningstar reported estimated U.S. mutual fund and ETF flows for October 2021, highlighting a significant increase in inflows to $84 billion, up from $53 billion in September. U.S. equity funds led with inflows of $32 billion, rebounding after September's outflows of $7.5 billion. Sector-equity funds attracted approximately $6 billion, while taxable-bond funds saw their lowest intake since March 2020 at $22 billion. Environmental, social, and governance funds had $4.9 billion inflows, totaling $75 billion for the year.
Morningstar, Inc. (MORN) reported strong Q3 2021 results with revenues up 20.1% to $428.9 million and organic revenue growth of 18.6%. Operating income surged 53.0% to $67.8 million. However, diluted net income per share fell 35.8% to $1.13. Year-to-date revenue rose 22.6% to $1.2 billion, while adjusted diluted net income per share increased by 27.2%. Key revenue drivers included PitchBook, Sustainalytics, and asset-based revenue, with significant growth in transaction-based revenue. Cash flow from operations improved by 31.3%, indicating robust financial health.
Morningstar, Inc. (MORN) announced its Analyst Ratings for 62 large 529 plans, which hold about $437 billion in assets. The ratings include three Gold, 11 Silver, 18 Bronze, 23 Neutral, and seven Negative. Notable changes include Georgia's Path2College 529 Plan receiving a Silver rating after significant improvements, and Virginia's Invest529 being downgraded from Gold to Bronze following the departure of its investment director. The ratings reflect the increasing competitiveness among 529 plans and the application of an enhanced rating methodology.
Morningstar, Inc. (MORN) reported on October 19, 2021, that U.S. mutual fund and ETF inflows totaled $58 billion for September 2021, the lowest since October 2020. Key points include: passive U.S. equity funds saw inflows of $12.5 billion while active funds had outflows of $20 billion, leading to an overall outflow of $7.4 billion in U.S. equity funds. International equity funds attracted $9.8 billion in inflows, and sustainable funds saw $3.8 billion in September. Taxable bond funds continued to dominate with $40 billion in inflows.
The board of directors of Morningstar, Inc. (Nasdaq: MORN) declared a quarterly dividend of 31.5 cents per share.
This dividend is payable on Oct. 29, 2021 to shareholders who are on record as of Oct. 19, 2021.
Morningstar is recognized for providing independent investment research across multiple regions including North America, Europe, Asia, and Australia, with approximately $251 billion in assets under advisement and management as of June 30, 2021.
Morningstar (MORN) released its fifth annual landscape study on Health Savings Accounts (HSAs), evaluating 11 prominent providers. Fidelity was recognized as the best provider for investors and spenders, with significant improvements noted in fees and investment options over the past year. However, challenges remain with fee transparency and account access. The study highlighted that while average fees are decreasing, they still vary significantly among providers. The HSA market is heavily dominated by Fidelity, Optum, HealthEquity, and HSA Bank, managing over $51 billion in total assets.
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