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. 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) has declared a quarterly dividend of 31.5 cents per share, payable on July 30, 2021 to shareholders of record as of July 9, 2021. This decision reflects the company’s ongoing commitment to returning value to shareholders while maintaining a strong position in the investment research market.
As of March 31, 2021, Morningstar manages approximately $244 billion in assets and operates globally across 29 countries.
Morningstar, Inc. (NASDAQ: MORN) has elected Doniel Sutton, chief people officer at Fastly, Inc., to its board of directors effective May 14, 2021. Sutton brings extensive experience in human capital management from her previous roles at PayPal, Prudential Financial, Bank of America, and Honeywell. Her expertise is expected to enhance management insights into long-term growth initiatives. Additionally, Sutton serves on the board of directors at Ross Stores and holds degrees in finance and business administration from the University of Illinois at Urbana-Champaign.
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Morningstar reported a robust first-quarter 2021, with revenue up 21.2% to $392.8 million and organic revenue increasing 13.0%. Operating income soared 51.0% to $67.2 million, while diluted net income per share almost doubled, rising 130.9% to $1.27. Strong growth was driven by license-based offerings and ESG solutions. However, operating expenses rose 16.5% to $325.6 million, impacting margins. Cash flow also improved, with free cash flow increasing 23.5% to $41.5 million. The company remains optimistic about its growth trajectory amidst a strong demand for ESG-focused products.
Morningstar, Inc. (MORN) reported record U.S. mutual fund and ETF inflows of $156 billion for March 2021, surpassing the previous month’s $144 billion. Key highlights include $54 billion inflows into U.S. equities, driven by demand for value stocks, and $31 billion into international equities, the highest since January 2018. Fixed-income funds attracted over $48 billion, marking their 12th consecutive month of inflows. Vanguard led fund families with $42 billion collected, emphasizing the ongoing shift towards passive investment strategies.
Morningstar, Inc. (Nasdaq: MORN) is set to announce its first-quarter 2021 financial results after the market closes on April 28, 2021. The company does not conduct analyst conference calls but invites investors to submit written inquiries via investors@morningstar.com. Morningstar is a prominent provider of independent investment research across various regions including North America and Europe, with approximately $227 billion in assets under advisement as of December 31, 2020, and operations in 29 countries.
Morningstar (MORN) released its 2021 Target-Date Strategy Landscape Report, revealing that target-date strategy assets reached $2.8 trillion by the end of 2020, up 20% from 2019. However, inflows into target-date funds and CITs plummeted by 59% to $52.3 billion, largely due to COVID-19 impacts. CITs gained significant market share, representing 43% of target-date assets and surpassing $1 trillion. New regulations are influencing investment strategies, while fee reductions highlight the importance of cost-effective options to investors.
Morningstar reported record U.S. mutual fund and ETF flows of $144 billion for February 2021. ETFs led with inflows of approximately $92 billion, while long-term mutual funds attracted $53 billion. Notably, inflation-protected bond funds gathered $7 billion, marking their all-time high. U.S. equities saw a surge of $38 billion, with large-blend funds leading at $22 billion. Sector equity funds particularly excelled, with $25 billion inflows, driven mainly by technology-themed funds. Vanguard led fund family inflows at around $37 billion.
The board of directors of Morningstar (MORN) declared a quarterly dividend of 31.5 cents per share, payable on April 30, 2021, to shareholders of record as of April 9, 2021. Morningstar, a leading provider of independent investment research, manages approximately $227 billion in assets under advisement and management as of December 31, 2020. With operations in 29 countries, the company serves individual investors, financial advisors, and institutional clients, providing data and insights across various investment products.
Morningstar, a leader in investment research, reported strong financial results for Q4 and full-year 2020 amid a challenging economic environment. Revenue surged by 14.4% to $380.4 million in Q4, with organic revenue growing 7.9%. Operating income increased significantly by 64.0% to $65.1 million. For the full year, revenue rose 17.9% to $1.4 billion. Diluted net income per share for Q4 reached $1.74, a 171.9% increase, driven partly by non-operating gains. Cash flows and free cash flow also saw substantial increases, highlighting the firm's robust financial health.