STOCK TITAN

Morningstar, Inc. - MORN STOCK NEWS

Welcome to our dedicated page for Morningstar news (Ticker: MORN), a resource for investors and traders seeking the latest updates and insights on Morningstar stock.

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.

Rhea-AI Summary

Morningstar, Inc. (Nasdaq: MORN) plans to add 350 jobs in Toronto this year, boosting its workforce by 40% to over 1,000 employees. Of the new positions, approximately 250 will be technology roles such as software engineers, while the remainder will focus on ESG and credit rating capacities. The expansion reinforces Morningstar's commitment to the Canadian market and aims to support local economic recovery. The company has been recognized as one of the Best Workplaces in Canada for nine consecutive years.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
none
-
Rhea-AI Summary

Morningstar, Inc. has successfully completed its acquisition of Leveraged Commentary & Data (LCD) from S&P Global. This acquisition enhances Morningstar's PitchBook Platform by integrating LCD's data on leveraged loans, addressing investor needs for transparency in the leveraged loan market. Nearly 60 LCD employees will join Morningstar, with the acquisition funded through cash reserves and a credit facility. The deal aims to improve Morningstar's capabilities in private capital and debt markets, ultimately providing greater value to its customers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.32%
Tags
-
Rhea-AI Summary

Morningstar, a leader in independent investment research, has introduced Analytics Lab within its Morningstar Direct platform. This feature allows data scientists and analysts to create custom notebooks utilizing Morningstar data with Python programming. The tool simplifies the analysis process, supporting both seasoned programmers and users without coding skills through prebuilt research and robust documentation. Since last year, Morningstar has released 13 data sets, focusing on key investment insights, including diversity and ESG factors. Analytics Lab is available to all Morningstar Direct license holders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
none
Rhea-AI Summary

The board of directors of Morningstar (Nasdaq: MORN) has declared a quarterly dividend of 36 cents per share, payable on July 29, 2022, to shareholders of record as of July 1, 2022. This dividend reflects the company's commitment to returning value to its investors. Morningstar is a leader in independent investment research with operations in 29 countries and approximately $265 billion in assets under advisement as of March 31, 2022. The company serves a diverse clientele in the investment sector.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
dividends
-
News
Rhea-AI Summary

Morningstar, Inc. (NASDAQ: MORN) announced that chief talent and culture officer Bevin Desmond will depart the company in August 2022, prompting an immediate search for her successor. Desmond, who joined in 1993, has significantly impacted the firm, particularly in leading its international business and talent functions. CEO Kunal Kapoor and Founder Joe Mansueto praised her contributions, highlighting the strong culture and growth she fostered. Desmond noted her decision is to focus on family during a crucial time for her children. Morningstar continues to manage approximately $265 billion in assets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.95%
Tags
none
-
Rhea-AI Summary

Morningstar reported a 16.3% revenue increase to $457 million in Q1 2022, with 18.1% organic growth. However, operating income fell 16.1% to $56.4 million, largely due to increased stock-based compensation expenses. Diluted net income per share decreased 16.5% to $1.06, and free cash flow turned negative at $4.5 million. The firm has announced plans to acquire Leveraged Commentary & Data for up to $650 million, funded partly by a $1.1 billion credit facility.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
Rhea-AI Summary

Morningstar, Inc. (MORN) announced the winners of the 2022 U.S. Morningstar Awards for Investing Excellence, recognizing key figures in the investment management field. Mary Ellen Stanek from Baird was named Outstanding Portfolio Manager, praised for her disciplined approach and impressive returns over 22 years. PRIMECAP received the Exemplary Stewardship award for its track record and growth-oriented strategies. These awards highlight the importance of investment skill and alignment of interests between managers and investors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
none
-
Rhea-AI Summary

Morningstar, Inc. (MORN) announced nominees for the 2022 Morningstar Awards for Investing Excellence, honoring portfolio managers and asset management firms demonstrating exceptional investment skill. Nominees in the Outstanding Portfolio Manager category include Hilda Applbaum, Mary Ellen Stanek, and W. Michael Reckmeyer. For Exemplary Stewardship, nominees are Baird, Capital Group, and PRIMECAP. Winners will be revealed on April 19, 2022, during CNBC's 'Power Lunch' program, with live updates available via Twitter.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.41%
Tags
none
-
Rhea-AI Summary

Morningstar Inc. (MORN) has announced its agreement to acquire Leveraged Commentary & Data (LCD) from S&P Global for up to $650 million in cash. The acquisition includes $600 million at closing and a contingent payment of up to $50 million based on certain conditions. LCD, a leader in leveraged finance market data, will enhance Morningstar's PitchBook platform, providing comprehensive insights into the leveraged loan market. The deal is expected to be accretive to adjusted net income per share in the first year after closing and is set to finalize in early Q3 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.3%
Tags
Rhea-AI Summary

Morningstar, Inc. (MORN) released its inaugural "Robo-Advisor Landscape" report, evaluating 16 U.S. robo-advisors. Vanguard and Betterment emerged as the top performers due to their low costs and comprehensive financial tools. The report highlighted the typical robo-advisor's median advisory fee at 0.30%, far below traditional advisors. While digital investment advice benefits smaller investors, concerns over transparency and fee structures remain. The report aims to guide consumers in selecting suitable robo-advisors and encourage improvements in the industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
none

FAQ

What is the current stock price of Morningstar (MORN)?

The current stock price of Morningstar (MORN) is $337.57 as of November 15, 2024.

What is the market cap of Morningstar (MORN)?

The market cap of Morningstar (MORN) is approximately 14.5B.

What is Morningstar, Inc.?

Morningstar, Inc. is a leading American financial services firm that provides independent investment research and management services.

Where is Morningstar headquartered?

Morningstar is headquartered in Chicago, Illinois.

When was Morningstar founded?

Morningstar was founded in 1984 by Joe Mansueto.

What are Morningstar's core business sectors?

Morningstar focuses on data and research as its core business sectors.

What type of investment data does Morningstar offer?

Morningstar offers data on investments including mutual funds, stocks, ETFs, closed-end funds, separate accounts, and variable annuities.

How much in assets does Morningstar manage?

As of September 30, 2023, Morningstar managed approximately $264 billion in assets.

In how many countries does Morningstar operate?

Morningstar operates through wholly- or majority-owned subsidiaries in 32 countries.

What recent addition has Morningstar Wealth made to its platform?

Morningstar Wealth has added third-party Separately Managed Accounts (SMAs) to its U.S. Wealth Platform.

Who are some of the asset management firms included in the new SMA offerings?

The new SMA offerings include firms like AllianceBernstein, Congress Asset Management, John Hancock Investment Management, and Lazard Asset Management.

Where can I find more information about Morningstar?

For more information, visit www.morningstar.com/company or follow Morningstar on Twitter @MorningstarInc.

Morningstar, Inc.

Nasdaq:MORN

MORN Rankings

MORN Stock Data

14.51B
42.88M
39.58%
61.2%
0.34%
Financial Data & Stock Exchanges
Investment Advice
Link
United States of America
CHICAGO