Morningstar Stock Price, News & Analysis

The board of directors of Morningstar declared a quarterly dividend of 37.5 cents per share, maintaining the same amount as the previous quarter. This dividend is payable on April 28, 2023, to shareholders recorded as of April 7, 2023. Morningstar provides independent investment insights and manages approximately $246 billion in assets as of December 31, 2022, serving clients globally across multiple investment sectors.

Morningstar, Inc. (NASDAQ: MORN) has announced the nominees for the 2023 Morningstar Awards for Investing Excellence, recognizing exceptional portfolio managers and asset management firms. The nominees in the Outstanding Portfolio Manager category include Scott Davis of Columbia Threadneedle, David Giroux of T. Rowe Price, and Rick Rieder of BlackRock. For Exemplary Stewardship, nominees are Baird Asset Management, Capital Group, and Jensen Investment Management. The winners will be revealed on March 21, 2023, and will be featured on CNBC's "Power Lunch." These awards commend firms and individuals for their commitment to delivering positive investor outcomes.

Morningstar reported a 2.8% increase in Q4 revenue to $475 million, bolstered by strong performance in license-based products like PitchBook and Morningstar Sustainalytics, leading to 10.1% revenue growth for 2022. However, operating income dropped 52.5% to $35.5 million, primarily due to increased stock-based compensation expenses. Diluted net income per share plunged 93.8% to $0.08. Full-year net income decreased 63.5% to $70.5 million. Cash provided by operating activities fell 33.8% to $297.8 million. Despite economic challenges, Morningstar anticipates the impact of investments in direct indexing and climate risk metrics will support future growth.

Morningstar, Inc. (MORN) has announced the agenda for its 35th annual Morningstar Investment Conference, scheduled from April 25-27, 2023, in Chicago. The event features prominent speakers, including Lawrence Summers and Liz Ann Sonders, focusing on investment strategies amidst market uncertainty. Attendees will gain insights from industry leaders, with discussions covering macroeconomic topics, valuation, and retirement strategies. Registration options range from $599 to $1199, depending on the selected pass. The conference aims to address evolving investor needs, providing essential perspectives for financial advisors.

Morningstar has launched the Investment Planning Experience, a new feature within the Morningstar Advisor Workstation, designed to help financial advisors create personalized investment plans for clients. This solution combines independent investment data and research to tailor recommendations based on clients' risk preferences, goals, and values. According to Vimal Vel, head of enterprise advisor software, this tool aims to enhance client engagement and trust by addressing their full financial picture while meeting regulatory standards. The Investment Planning Experience is now accessible through Morningstar's web platform.

Morningstar, Inc. (Nasdaq: MORN) is set to release its fourth-quarter and full-year 2022 financial results on February 23, 2023, after market close. While the company does not conduct analyst conference calls, it encourages investors to submit written questions. Morningstar is a prominent provider of independent investment research across North America, Europe, Australia, and Asia, offering a comprehensive range of services to various investors. As of September 30, 2022, the firm managed approximately $239 billion in assets. For further details, visit Morningstar's website.

Morningstar has launched the Annuity Intelligence Center, an innovative platform integrated within its Advisor Workstation, aimed at simplifying the annuity transaction process for financial advisors. Powered by Luma Financial Technologies, this tool enhances transparency in the growing annuity market, offering features such as product comparisons and lifecycle management. It is designed to equip advisors with a comprehensive understanding of annuities, facilitating informed client decisions and improving workflow efficiency.

Morningstar, Inc. (MORN) has launched its new Research Portal, an investment research platform designed specifically for financial advisors. This platform integrates independent ratings and real-time market data, enabling advisors to provide personalized investment advice. With access to over 140,000 stocks, 320,000 mutual funds, and 24,000 ETFs, it enhances the investment decision-making process. The toolset includes customizable features like Watchlists and Model Portfolios, aligning with the growing demand for personalized client interactions.