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. (MORN) reported that U.S. mutual fund and ETF flows totaled $83 billion in May 2021, a significant decline from $156 billion in March and $124 billion in April. Index-tracking funds attracted $71 billion, representing continued investor preference for passive strategies. Taxable-bond funds led inflows with $38 billion, while U.S. equity funds saw minimal growth with just $211 million. Notably, international-equity funds maintained momentum with $23 billion in inflows for seven consecutive months.
Morningstar, Inc. (Nasdaq: MORN) announced the nominees for the 2021 Morningstar Awards for Investing Excellence, recognizing exceptional investment skill and alignment with investor interests. The nominees include:
- Outstanding Portfolio Managers: Jeff Geller, Rick Rieder, Mary Ellen Stanek, Joel Tillinghast.
- Exemplary Stewardship: Capital Group, Dodge & Cox, PRIMECAP.
- Rising Talent: John McClain, Sonali Pier, Justin White.
The winners will be announced on June 21, 2021, and featured on CNBC.
On May 17, 2021, Morningstar reported U.S. mutual fund and ETF flows for April 2021, revealing a total of $124 billion raised, a decrease from March's record of $156 billion. Most funds were invested in passive strategies, attracting $94 billion, while active funds garnered $30 billion. Taxable bond funds led inflows at $65 billion, whereas U.S. equity funds saw a minor outflow of just over $500 million. International equity funds continued their six-month growth streak with $31 billion in inflows.
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.