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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) plans to release its second-quarter 2021 financial results on July 28, 2021, after market closure. The company, a renowned provider of independent investment research across regions including North America, Europe, and Asia, does not host analyst calls but encourages investors to submit written questions. As of March 31, 2021, Morningstar managed approximately $244 billion in assets under advisement. For further details, visit www.morningstar.com/company.
Morningstar, Inc. (MORN) announced the winners of the 2021 Morningstar Awards for Investing Excellence, recognizing outstanding portfolio managers, firms, and talents in the asset management industry. Winners include Joel Tillinghast from Fidelity for Outstanding Portfolio Manager, Dodge & Cox for Exemplary Stewardship, and Sonali Pier from Pimco as Rising Talent. The awards emphasize investment skill and alignment with investors' interests. Winners will be featured on CNBC's 'Power Lunch' program, and the awards methodology can be found on Morningstar's website.
Morningstar, Inc. (MORN) reported that U.S. mutual fund and ETF flows totaled $83 billion in May 2021, a significant decline from $156 billion in March and $124 billion in April. Index-tracking funds attracted $71 billion, representing continued investor preference for passive strategies. Taxable-bond funds led inflows with $38 billion, while U.S. equity funds saw minimal growth with just $211 million. Notably, international-equity funds maintained momentum with $23 billion in inflows for seven consecutive months.
Morningstar, Inc. (Nasdaq: MORN) announced the nominees for the 2021 Morningstar Awards for Investing Excellence, recognizing exceptional investment skill and alignment with investor interests. The nominees include:
- Outstanding Portfolio Managers: Jeff Geller, Rick Rieder, Mary Ellen Stanek, Joel Tillinghast.
- Exemplary Stewardship: Capital Group, Dodge & Cox, PRIMECAP.
- Rising Talent: John McClain, Sonali Pier, Justin White.
The winners will be announced on June 21, 2021, and featured on CNBC.
On May 17, 2021, Morningstar reported U.S. mutual fund and ETF flows for April 2021, revealing a total of $124 billion raised, a decrease from March's record of $156 billion. Most funds were invested in passive strategies, attracting $94 billion, while active funds garnered $30 billion. Taxable bond funds led inflows at $65 billion, whereas U.S. equity funds saw a minor outflow of just over $500 million. International equity funds continued their six-month growth streak with $31 billion in inflows.
Morningstar, Inc. (Nasdaq: MORN) has declared a quarterly dividend of 31.5 cents per share, payable on July 30, 2021 to shareholders of record as of July 9, 2021. This decision reflects the company’s ongoing commitment to returning value to shareholders while maintaining a strong position in the investment research market.
As of March 31, 2021, Morningstar manages approximately $244 billion in assets and operates globally across 29 countries.
Morningstar, Inc. (NASDAQ: MORN) has elected Doniel Sutton, chief people officer at Fastly, Inc., to its board of directors effective May 14, 2021. Sutton brings extensive experience in human capital management from her previous roles at PayPal, Prudential Financial, Bank of America, and Honeywell. Her expertise is expected to enhance management insights into long-term growth initiatives. Additionally, Sutton serves on the board of directors at Ross Stores and holds degrees in finance and business administration from the University of Illinois at Urbana-Champaign.
Morningstar reported a robust first-quarter 2021, with revenue up 21.2% to $392.8 million and organic revenue increasing 13.0%. Operating income soared 51.0% to $67.2 million, while diluted net income per share almost doubled, rising 130.9% to $1.27. Strong growth was driven by license-based offerings and ESG solutions. However, operating expenses rose 16.5% to $325.6 million, impacting margins. Cash flow also improved, with free cash flow increasing 23.5% to $41.5 million. The company remains optimistic about its growth trajectory amidst a strong demand for ESG-focused products.
Morningstar, Inc. (MORN) reported record U.S. mutual fund and ETF inflows of $156 billion for March 2021, surpassing the previous month’s $144 billion. Key highlights include $54 billion inflows into U.S. equities, driven by demand for value stocks, and $31 billion into international equities, the highest since January 2018. Fixed-income funds attracted over $48 billion, marking their 12th consecutive month of inflows. Vanguard led fund families with $42 billion collected, emphasizing the ongoing shift towards passive investment strategies.
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