Morningstar Stock Price, News & Analysis

Morningstar Sustainalytics has launched its Low Carbon Transition Ratings, designed to help investors assess a company's preparedness for a low-carbon economy. This new rating system evaluates nearly 4,000 public companies and aims to expand to over 12,500 by 2024. The ratings are based on an assessment of a company's strategies and actions towards meeting net-zero commitments, focusing on greenhouse gas emissions and governance practices. Sustainalytics' research finds only 25% of companies have strong emission reduction targets and 8% have effective GHG performance incentive plans. The ratings also use the PRI-commissioned Inevitable Policy Response scenario to determine companies' transition risks. Investors can leverage this to identify risks, comply with regulations, and shape climate investment strategies.

Morningstar, Inc. published its 2023 Target-Date Strategy Landscape Report, revealing that target-date strategies attracted $153 billion in net inflows during 2022, with $121 billion (79%) funneled into collective investment trusts (CITs). Total assets in target-date strategies dipped to $2.82 trillion, a 14% decline from $3.27 trillion in 2021 due to market depreciation. CITs are projected to surpass mutual funds in popularity. The report also highlights the influence of fees on fund flows, with $60 billion going to the cheapest options and litigation risks for sponsors concerning performance.

Morningstar, Inc. (Nasdaq: MORN) will release its first-quarter 2023 financial results on April 26, 2023, after market close. The company does not conduct analyst conference calls, but investors can submit questions via email. Morningstar is a prominent provider of independent investment insights across North America, Europe, Australia, and Asia, serving various investors including individuals and institutions. As of December 31, 2022, Morningstar managed approximately $246 billion in assets. The company operates in 32 countries, focusing on a wide range of investment offerings.

Morningstar, Inc. (NASDAQ: MORN) recently announced the winners of the 2023 U.S. Morningstar Awards for Investing Excellence. Rick Rieder of BlackRock was honored as the Outstanding Portfolio Manager for his leadership in building a top-tier fixed-income operation since 2010. Capital Group received the Exemplary Stewardship award, recognizing its strong track record and investor-centric philosophy. Morningstar's head of manager research highlighted the proven results and focus on investor interests from both winners. The awards emphasize excellence in the asset management industry.

The board of directors of Morningstar declared a quarterly dividend of 37.5 cents per share, maintaining the same amount as the previous quarter. This dividend is payable on April 28, 2023, to shareholders recorded as of April 7, 2023. Morningstar provides independent investment insights and manages approximately $246 billion in assets as of December 31, 2022, serving clients globally across multiple investment sectors.

Morningstar, Inc. (NASDAQ: MORN) has announced the nominees for the 2023 Morningstar Awards for Investing Excellence, recognizing exceptional portfolio managers and asset management firms. The nominees in the Outstanding Portfolio Manager category include Scott Davis of Columbia Threadneedle, David Giroux of T. Rowe Price, and Rick Rieder of BlackRock. For Exemplary Stewardship, nominees are Baird Asset Management, Capital Group, and Jensen Investment Management. The winners will be revealed on March 21, 2023, and will be featured on CNBC's "Power Lunch." These awards commend firms and individuals for their commitment to delivering positive investor outcomes.

Morningstar reported a 2.8% increase in Q4 revenue to $475 million, bolstered by strong performance in license-based products like PitchBook and Morningstar Sustainalytics, leading to 10.1% revenue growth for 2022. However, operating income dropped 52.5% to $35.5 million, primarily due to increased stock-based compensation expenses. Diluted net income per share plunged 93.8% to $0.08. Full-year net income decreased 63.5% to $70.5 million. Cash provided by operating activities fell 33.8% to $297.8 million. Despite economic challenges, Morningstar anticipates the impact of investments in direct indexing and climate risk metrics will support future growth.

Morningstar, Inc. (MORN) has announced the agenda for its 35th annual Morningstar Investment Conference, scheduled from April 25-27, 2023, in Chicago. The event features prominent speakers, including Lawrence Summers and Liz Ann Sonders, focusing on investment strategies amidst market uncertainty. Attendees will gain insights from industry leaders, with discussions covering macroeconomic topics, valuation, and retirement strategies. Registration options range from $599 to $1199, depending on the selected pass. The conference aims to address evolving investor needs, providing essential perspectives for financial advisors.