Morningstar Stock Price, News & Analysis

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Morningstar, Inc. (Nasdaq: MORN) announced plans to merge its Analyst Rating and Quantitative Rating into a single rating called the Morningstar Medalist Rating, effective in Q2 2023. This new system aims to simplify the investment selection process for investors by providing a unified ratings scale of Gold, Silver, Bronze, Neutral, and Negative, foregoing the previous 'Q' designation for quantitative assessments. Morningstar assures no change to the underlying rating methodologies, which are rooted in the three pillars—People, Process, and Parent—and emphasizes that this transition will enhance the investor experience.

Morningstar reported strong Q2 2022 results with a 13.2% revenue increase to $470.4 million and 15.8% organic growth. Operating income rose 14.2% to $53.9 million, though adjusted operating income fell 23.9%.

Diluted EPS decreased 7.9% to $0.70, while adjusted diluted EPS dropped 33.5% to $1.17. Cash from operations decreased 46.0% to $68.7 million. Morningstar executed significant acquisitions, enhancing its market position amidst ongoing investment in growth.

The 2021 U.S. Fund Fee Study by Morningstar reveals record-low fees for mutual funds and ETFs, with an asset-weighted average expense ratio of 0.40%, down from 0.42% in 2020. This reduction saved investors approximately $6.9 billion.

The study highlights a shift towards lower-cost funds, with the cheapest 20% attracting $1.05 trillion in net inflows. Active fund fees declined to 0.60%, partially due to significant outflows from pricier funds. Sustainable funds, although paying higher fees, showed a decreasing "greenium."

Morningstar's analytics tools now feature the U.S. Fund Fee dataset for detailed trend analysis.

Morningstar (MORN) has acquired Praemium's operations in the UK, Jersey, Hong Kong, and Dubai for £35 million. This strategic acquisition aims to enhance technology offerings for financial advisers. Praemium's wealth management platform will be renamed the Morningstar Wealth Platform, aiding nearly 500 advisory firms in streamlining their services. The deal brings over 100 new employees to Morningstar and expands its capabilities in data analytics and portfolio management. The acquisition aligns with Morningstar's commitment to empowering investors and improving client service.

Morningstar, Inc. (MORN) will report its second-quarter 2022 financial results on July 27, 2022, after market close. The company does not hold analyst conference calls but invites investors to submit questions via email. Morningstar is a prominent independent investment research provider with a diverse range of products and services for individual investors, financial advisors, and institutional investors across multiple regions including North America, Europe, and Asia. As of March 31, 2022, the company manages approximately $265 billion in assets.

Morningstar, Inc. (Nasdaq: MORN) announced the launch of Morningstar Investor, an upgraded investment research platform set to replace Morningstar Premium. This new tool enhances individual investors' experience by linking their portfolios directly with market research, offering insights across over 21,000 stocks, 7,000 mutual funds, and 3,000 ETFs. Priced at $249 annually, Morningstar Investor aims to provide personalized investment strategies and comprehensive account management. The transition from Morningstar Premium will be complete by late 2022.

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.

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.