Morningstar, Inc. provides independent investment insights, data, research, indexes, credit ratings, and investment-management services for individual investors, financial advisors, asset managers, retirement providers, institutional clients, and market-data redistributors. News about the company commonly covers financial results, product development across the Morningstar Direct Platform, PitchBook private capital market intelligence, Morningstar Credit and Morningstar DBRS, Morningstar Indexes, and Morningstar Wealth and Retirement.
Recurring updates also include integrations that distribute Morningstar and PitchBook research through external platforms, index launches and rebrands, credit-market research tools, awards tied to manager research, completed acquisitions such as CRSP, dividend actions, and governance matters.
Morningstar, Inc. (Nasdaq: MORN) released its inaugural Global Investor Portfolio Study, analyzing portfolio construction across 14 global markets. The study reveals significant divergence in investor behavior based on local factors like market practices, investment product availability, and regulatory environments. Key findings show that early investors are more risk-tolerant, while conservative portfolios dominate in markets with defined-benefit schemes. The report highlights the prevalence of home-market bias and varying levels of interest in sustainable investing and cryptocurrencies.
The board of directors of Morningstar declared a quarterly dividend of 36 cents per share on October 7, 2022. This dividend will be payable on October 31, 2022, to shareholders of record as of October 18, 2022. Morningstar is a prominent provider of independent investment research, managing approximately $253 billion in assets. The company operates in 29 countries, offering a wide range of financial insights and investment management services.
Morningstar published its sixth annual landscape study on Health Savings Accounts (HSAs) on Sept. 27, 2022. The study reveals a 31% annualized growth rate in HSA assets over the past 15 years. Despite improvements in the industry, only 9% of reviewed HSAs have investment assets, indicating underutilization. Fidelity was recognized as the top provider for both spending and investment accounts. The study also criticized high fees and advocated for better onboarding practices.
Morningstar, Inc. (MORN) will report its Q3 2022 financial results after market close on October 26, 2022. As a leading independent investment research provider, Morningstar offers various services globally, assisting individual investors, financial advisors, and institutional investors. As of June 30, 2022, the company managed approximately $253 billion in assets under advisement. Although the company does not hold analyst calls, investors can send questions via email.
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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.