Morningstar Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

Morningstar published its Global Investor Experience study focusing on 'Fees and Expenses,' revealing insights from 26 markets. Top grades were awarded to Australia, the Netherlands, and the U.S. for their investor-friendly fees, while Italy and Taiwan received Bottom grades. The report highlights a decline in asset-weighted median expense ratios since 2019, driven by shifts to lower-cost funds and increased transparency in fees. However, many European and Asian markets still exhibit challenges due to high embedded ongoing commissions, misaligned incentives, and limited access to lower-cost funds.

Morningstar, Inc. (MORN) is set to report its first-quarter 2022 financial results after market closure on April 27, 2022. The company does not hold analyst calls, but encourages investors to submit questions via email. With operations spanning 29 countries, Morningstar is a notable provider of independent investment research, offering products and services for various investor categories. As of December 31, 2021, it managed approximately $265 billion in assets. For further details, investors can visit their official site.