Market Summary
USD246.80-4.53
Delayedas of 21 Sep 2023, 01:12 pm-1.80%
MORN Alerts
MORN Stock Price
MORN RSI Chart
MORN Valuation
MORN Price/Sales (Trailing)
MORN Profitability
MORN Fundamentals
MORN Revenue
MORN Earnings
Price Action
52 Week Range
163.28259.28
(Low)(High)
Last 7 days
1.0%
Last 30 days
17.0%
Last 90 days
27.8%
Trailing 12 Months
11.6%
MORN Financial Health
MORN Investor Care
Historical Charts for Stock Metrics
Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
Get all data in R, Python etc through our Historical Stock Data APIs
Latest Insider Trading transactions for MORN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-05 | Landis Gail S | sold | -145,000 | 250 | -580 | - |
2023-09-01 | Mansueto Joseph D | sold | -2,680,130 | 235 | -11,394 | executive chairman |
2023-08-31 | Mansueto Joseph D | sold | -2,925,150 | 231 | -12,650 | executive chairman |
2023-08-30 | Mansueto Joseph D | sold | -2,340,610 | 226 | -10,315 | executive chairman |
2023-08-29 | Mansueto Joseph D | sold | -1,498,110 | 226 | -6,615 | executive chairman |
2023-08-28 | Mansueto Joseph D | sold | -2,847,130 | 225 | -12,650 | executive chairman |
2023-08-25 | Mansueto Joseph D | sold | -2,798,460 | 221 | -12,650 | executive chairman |
2023-08-24 | Mansueto Joseph D | sold | -2,073,480 | 220 | -9,415 | executive chairman |
2023-08-23 | Mansueto Joseph D | sold | -1,933,650 | 218 | -8,835 | executive chairman |
2023-08-22 | Mansueto Joseph D | sold | -1,897,030 | 215 | -8,809 | executive chairman |
Which funds bought or sold MORN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -97.00 | 2,745 | -% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 855,646 | 855,646 | 0.16% |
2023-08-24 | Alamar Capital Management, LLC | reduced | -28.03 | -458,351 | 1,043,880 | 0.77% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | 3,000 | -% |
2023-08-21 | BOKF, NA | reduced | -26.64 | -26,219 | 63,723 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -1.86 | -336,181 | 6,096,010 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -8.55 | -95,424 | 721,611 | -% |
2023-08-16 | GTS SECURITIES LLC | new | - | 365,867 | 365,867 | 0.01% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -1.82 | -885,010 | 16,185,000 | 0.01% |
2023-08-15 | GOLDMAN SACHS GROUP INC | added | 1,022 | 134,322,000 | 147,975,000 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MORN Alerts
Schedule 13G FIlings of Morningstar
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | select equity group, l.p. | 9.3% | 3,945,781 | SC 13G/A | |
| Feb 14, 2023 | bank of america corp /de/ | 5.3% | 2,266,725 | SC 13G | |
| Feb 13, 2023 | mansueto joseph d | 39.52% | 16,787,823 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 5.83% | 2,474,633 | SC 13G/A | |
| Feb 14, 2022 | select equity group, l.p. | 11.3% | 4,850,288 | SC 13G/A | |
| Feb 14, 2022 | mansueto joseph d | 41.61% | 17,948,123 | SC 13G/A | |
| Nov 09, 2021 | select equity group, l.p. | 10.2% | 4,394,941 | SC 13G/A | |
| Feb 12, 2021 | select equity group, l.p. | 5.22% | 2,235,950 | SC 13G | |
| Feb 10, 2021 | mansueto joseph d | 45.55% | 19,538,844 | SC 13G/A | |
| Feb 06, 2020 | mansueto joseph d | 49.62% | 21,261,479 | SC 13G/A |
Recent SEC filings of Morningstar
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 8-K | Current Report | |
| Sep 08, 2023 | 8-K | Current Report | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 29, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 21, 2023 | 4 | Insider Trading |
Peers (Alternatives to Morningstar)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMP | - | 15.0B | 3.59% | 25.90% | - | - | 9.38% | -23.22% |
BX | 81.5B | 7.0B | 15.62% | 27.98% | 65.35 | 11.71 | -60.78% | -68.72% |
KKR | 54.6B | 11.1B | 6.30% | 34.23% | 44.47 | 4.9 | 13.00% | 26.39% |
BEN | 12.9B | 7.8B | 0.43% | 6.93% | 15.77 | 1.66 | -8.39% | -52.46% |
| MID-CAP | ||||||||
AMG | 4.8B | 2.1B | 1.87% | 10.46% | 4.21 | 2.25 | -13.32% | 104.61% |
AMK | 2.0B | 678.6M | -5.18% | 35.10% | 18.59 | 2.9 | 16.44% | 46.62% |
IVZ | 7.8B | 5.8B | 0.40% | -7.01% | 11.43 | 1.29 | -13.83% | -40.28% |
HLI | 6.9B | 1.8B | 7.59% | 34.62% | 28.19 | 3.82 | 48.44% | -13.75% |
EVR | 5.4B | 2.5B | 5.76% | 58.95% | 15.69 | 2.16 | -24.58% | -51.56% |
JHG | 4.5B | 2.0B | 3.29% | 18.74% | 11.99 | 2.19 | -20.30% | -29.01% |
LAZ | 2.9B | 2.7B | 0.64% | -7.89% | 1.5K | 1.08 | -13.59% | -99.63% |
| SMALL-CAP | ||||||||
DHIL | 476.2M | 140.6M | -5.61% | -1.83% | 9.71 | 3.39 | -21.64% | -14.24% |
VALU | 461.6M | 39.5M | -8.56% | -19.80% | 25.55 | 11.63 | -2.01% | -17.48% |
SCU | 297.6M | 391.0M | 0.08% | 27.51% | -18.65 | 0.76 | -32.74% | -176.48% |
Morningstar News
Returns for MORN
Cumulative Returns on MORN
13.2%
10-Year Cumulative Returns
18.7%
7-Year Cumulative Returns
14.5%
5-Year Cumulative Returns
17.5%
3-Year Cumulative Returns
Risks for MORN
What is the probability of a big loss on MORN?
69.2%
Probability that Morningstar stock will be more than 20% underwater in next one year
38.1%
Probability that Morningstar stock will be more than 30% underwater in next one year.
0%
Probability that Morningstar stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MORN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Morningstar was unfortunately bought at previous high price.
Drawdowns
Financials for Morningstar
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.8% | 1,928 | 1,893 | 1,871 | 1,858 | 1,819 | 1,764 | 1,699 | 1,618 | 1,546 | 1,458 | 1,390 | 1,342 | 1,298 | 1,244 | 1,179 | 1,109 | 1,057 | 1,035 | 1,020 | 1,000 | 969 |
| Costs and Expenses | 2.6% | 1,804 | 1,757 | 1,703 | 1,651 | 1,566 | 1,517 | 1,442 | 1,370 | 1,322 | 1,220 | 1,174 | 1,152 | 1,103 | 1,060 | 989 | 910 | 842 | 818 | 804 | 791 | 772 |
| S&GA Expenses | 4.6% | 400 | 383 | 357 | 336 | 320 | 294 | 275 | 257 | 237 | 217 | 206 | 199 | 190 | 189 | 178 | 165 | 156 | 150 | 149 | 148 | 143 |
| EBITDA | -100.0% | - | 281 | 326 | 354 | 406 | 408 | 412 | 429 | 456 | 470 | 434 | 375 | 348 | 328 | 327 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.15* | 0.17* | 0.19* | 0.22* | 0.23* | 0.24* | 0.27* | 0.29* | 0.32* | 0.31* | 0.28* | 0.27* | 0.26* | 0.28* | - | - | - | - | - | - |
| Interest Expenses | 31.6% | 50.00 | 38.00 | 28.00 | 20.00 | 12.00 | 10.00 | 10.00 | 12.00 | 11.00 | 11.00 | 11.00 | 12.00 | 16.00 | 14.00 | 11.00 | 8.00 | 3.00 | 4.00 | 4.00 | 4.00 | - |
| Earnings Before Taxes | -10.9% | 62.00 | 70.00 | 131 | 174 | 240 | 246 | 251 | 270 | 299 | 317 | 283 | 225 | 196 | 186 | 199 | 211 | 220 | 222 | 233 | 226 | 205 |
| EBT Margin | -100.0% | - | 0.04* | 0.07* | 0.09* | 0.13* | 0.14* | 0.15* | 0.17* | 0.19* | 0.22* | 0.20* | 0.17* | 0.15* | 0.15* | 0.17* | - | - | - | - | - | - |
| Net Income | 35.7% | 23.00 | 17.00 | 71.00 | 124 | 182 | 185 | 193 | 213 | 240 | 256 | 225 | 176 | 149 | 143 | 152 | 167 | 175 | 174 | 183 | 180 | 157 |
| Net Income Margin | -100.0% | - | 0.01* | 0.04* | 0.07* | 0.10* | 0.10* | 0.11* | 0.13* | 0.16* | 0.18* | 0.16* | 0.13* | 0.11* | 0.11* | 0.13* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 167 | 168 | 207 | 231 | 302 | 348 | 335 | 313 | 316 | 308 | 275 | 289 | 248 | 254 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2020Q4 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 | 2017Q4 | 2017Q3 | 2017Q2 |
| Assets | 0.2% | 3,458 | 3,451 | 3,475 | 3,415 | 3,466 | 2,869 | 2,863 | 2,744 | 2,696 | 2,292 | 2,371 | 2,283 | 1,572 | 1,552 | 1,454 | 1,440 | 1,427 | 1,437 | 1,406 | 1,384 | 1,376 |
| Current Assets | 3.3% | 807 | 781 | 811 | 789 | 818 | 903 | 888 | 797 | 730 | 581 | 603 | 561 | 620 | 587 | 602 | 584 | 566 | 550 | 530 | 498 | 507 |
| Cash Equivalents | -2.5% | 343 | 352 | 377 | 373 | 380 | 484 | 484 | 427 | 423 | 323 | 334 | 322 | 384 | 349 | 369 | 323 | 307 | 311 | 308 | 270 | - |
| Net PPE | 2.0% | 206 | 202 | 199 | 188 | 183 | 177 | 172 | 165 | 155 | 150 | 155 | 152 | 140 | 143 | 144 | 145 | 146 | 147 | 147 | 151 | 154 |
| Goodwill | 0.5% | 1,585 | 1,577 | 1,572 | 1,542 | 1,579 | 1,203 | 1,207 | 1,209 | 1,205 | 1,013 | 1,039 | 1,016 | 473 | 557 | 557 | 559 | 561 | 567 | 565 | 565 | 562 |
| Liabilities | -1.1% | 2,222 | 2,246 | 2,268 | 2,236 | 2,225 | 1,518 | 1,447 | 1,359 | 1,425 | 1,259 | 1,287 | 1,241 | 569 | 583 | 519 | 512 | 556 | 578 | 601 | 605 | 637 |
| Current Liabilities | -3.5% | 815 | 844 | 883 | 806 | 801 | 721 | 784 | 693 | 627 | 456 | 496 | 432 | 381 | 373 | 363 | 321 | 331 | 327 | 323 | 295 | 302 |
| Short Term Borrowings | 0% | 32.00 | 32.00 | 32.00 | 32.00 | 29.00 | - | - | - | - | 11.00 | 11.00 | - | - | - | - | - | - | - | - | - | - |
| Long Term Debt | 2.0% | 1,121 | 1,099 | 1,078 | 1,126 | 1,147 | 504 | 359 | 374 | 449 | 519 | 502 | - | - | - | - | - | - | - | - | - | - |
| Shareholder's Equity | 2.6% | 1,236 | 1,205 | 1,207 | 1,179 | 1,241 | 1,352 | 1,416 | 1,386 | 1,271 | 1,033 | 1,084 | 1,042 | 1,003 | 968 | 935 | 928 | 871 | 858 | 805 | 779 | - |
| Retained Earnings | 1.3% | 1,532 | 1,511 | 1,535 | 1,563 | 1,572 | 1,557 | 1,527 | 1,499 | 1,389 | 1,229 | 1,218 | 1,215 | 1,166 | 1,136 | 1,115 | 1,095 | 1,038 | 1,007 | 959 | 940 | 906 |
| Additional Paid-In Capital | 0.4% | 775 | 772 | 758 | 739 | 725 | 715 | 689 | 686 | 671 | 657 | 655 | 647 | 640 | 634 | 622 | 616 | 612 | 608 | 601 | 595 | 590 |
| Accumulated Depreciation | 12.9% | 667 | 590 | 611 | 590 | 569 | 550 | 529 | 514 | 452 | 395 | 377 | 401 | 383 | 370 | 352 | 333 | 316 | 300 | 285 | 263 | - |
| Shares Outstanding | 0.2% | 43.00 | 43.00 | 42.00 | 42.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 47.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | - |
| Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -14.8% | 254 | 298 | 298 | 330 | 351 | 409 | 450 | 429 | 399 | 400 | 384 | 352 | 365 | 324 | 334 | 357 | 331 | 314 | 315 | 295 | 278 |
| Share Based Compensation | -9.0% | 74.00 | 82.00 | 83.00 | 69.00 | 58.00 | 48.00 | 42.00 | 40.00 | 39.00 | 37.00 | 37.00 | 39.00 | 40.00 | 42.00 | 44.00 | 41.00 | 38.00 | 35.00 | 32.00 | 32.00 | 30.00 |
| Cashflow From Investing | 86.7% | -102 | -766 | -799 | -803 | -823 | -168 | -167 | -124 | -135 | -137 | -123 | -154 | -765 | -746 | -746 | -727 | -61.90 | -62.10 | -49.90 | -50.30 | -72.30 |
| Cashflow From Financing | -153.2% | -188 | 355 | 415 | 456 | 492 | -134 | -211 | -233 | -246 | -221 | -182 | -174 | 377 | 408 | 374 | 380 | -186 | -195 | -188 | -183 | -182 |
| Dividend Payments | 1.0% | 63.00 | 62.00 | 62.00 | 60.00 | 58.00 | 56.00 | 54.00 | 53.00 | 53.00 | 52.00 | 51.00 | 51.00 | 50.00 | 49.00 | 48.00 | 47.00 | 45.00 | 44.00 | 43.00 | 42.00 | 41.00 |
| Buy Backs | -78.4% | 25.00 | 115 | 226 | 219 | 204 | 112 | 1.00 | 4.00 | 6.00 | 6.00 | 42.00 | - | 20.00 | 20.00 | 5.00 | 15.00 | 15.00 | 17.00 | 21.00 | 12.00 | 25.00 |
MORN Income Statement
2023-06-30Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 504.7 | $ 470.4 | $ 984.4 | $ 927.4 |
| Operating expense: | ||||
| Cost of revenue | 216.4 | 197.6 | 435.2 | 388.9 |
| Sales and marketing | 109.5 | 91.8 | 217.1 | 173.2 |
| General and administrative | 90.1 | 87.1 | 174.1 | 177.4 |
| Depreciation and amortization | 47.0 | 40.0 | 91.8 | 77.6 |
| Total operating expense | 463.0 | 416.5 | 918.2 | 817.1 |
| Operating income | 41.7 | 53.9 | 66.2 | 110.3 |
| Non-operating income (loss), net: | ||||
| Interest expense, net | (14.1) | (4.4) | (27.4) | (6.8) |
| Realized gain (loss) on sale of investments, reclassified from other comprehensive income | 0.3 | (3.1) | 0.5 | (2.1) |
| Expense from equity method transaction, net | 0.0 | 0.0 | (11.8) | 0.0 |
| Other income (loss), net | 3.8 | (7.1) | 6.3 | 0.9 |
| Non-operating income (loss), net | (10.0) | (14.6) | (32.4) | (8.0) |
| Income before income taxes and equity in investments of unconsolidated entities | 31.7 | 39.3 | 33.8 | 102.3 |
| Equity in investments of unconsolidated entities | (1.8) | (1.8) | (3.1) | (1.4) |
| Income tax expense | (6.2) | 7.4 | 2.2 | 24.7 |
| Consolidated net income | $ 36.1 | $ 30.1 | $ 28.5 | $ 76.2 |
| Net income per share: | ||||
| Basic (in dollars per share) | $ 0.85 | $ 0.71 | $ 0.67 | $ 1.78 |
| Diluted (in dollars per share) | 0.84 | 0.70 | 0.67 | 1.77 |
| Dividends declared (in dollars per share) | 0.38 | 0.36 | 0.75 | 0.72 |
| Dividends paid per common share (in dollars per share) | $ 0.38 | $ 0.36 | $ 0.75 | $ 0.72 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 42.6 | 42.6 | 42.6 | 42.8 |
| Diluted (in shares) | 42.8 | 42.9 | 42.8 | 43.1 |
MORN Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 343.3 | $ 376.6 |
| Investments | 34.9 | 38.0 |
| Accounts receivable, less allowance for credit losses of $5.7 million and $6.6 million, respectively | 321.8 | 307.9 |
| Income tax receivable | 15.1 | 0.0 |
| Deferred commissions | 42.7 | 40.7 |
| Prepaid expenses | 45.8 | 36.7 |
| Other current assets | 3.7 | 10.9 |
| Total current assets | 807.3 | 810.8 |
| Goodwill | 1,584.7 | 1,571.7 |
| Intangible assets, net | 518.5 | 548.6 |
| Property, equipment, and capitalized software, less accumulated depreciation and amortization of $666.7 million and $610.7 million, respectively | 205.6 | 199.4 |
| Operating lease assets | 173.6 | 191.6 |
| Investments in unconsolidated entities | 114.8 | 96.0 |
| Deferred tax asset, net | 11.5 | 10.8 |
| Deferred commissions | 32.4 | 35.4 |
| Other assets | 9.5 | 10.5 |
| Total assets | 3,457.9 | 3,474.8 |
| Current liabilities: | ||
| Deferred revenue | 506.3 | 455.6 |
| Accrued compensation | 169.4 | 220.1 |
| Accounts payable and accrued liabilities | 69.0 | 76.2 |
| Current portion of long-term debt | 32.1 | 32.1 |
| Operating lease liabilities | 36.3 | 37.3 |
| Contingent consideration liability | 0.0 | 50.0 |
| Other current liabilities | 1.8 | 11.2 |
| Total current liabilities | 814.9 | 882.5 |
| Operating lease liabilities | 160.3 | 176.7 |
| Accrued compensation | 23.2 | 20.7 |
| Deferred tax liabilities, net | 58.2 | 62.9 |
| Long-term debt | 1,121.4 | 1,077.5 |
| Deferred revenue | 29.5 | 33.5 |
| Other long-term liabilities | 14.8 | 13.9 |
| Total liabilities | 2,222.3 | 2,267.7 |
| Morningstar, Inc. shareholders’ equity: | ||
| Common stock, no par value, 200,000,000 shares authorized, of which 42,653,561 and 42,480,051 shares were outstanding as of June 30, 2023 and December 31, 2022, respectively | 0.0 | 0.0 |
| Treasury stock at cost, 11,993,210 and 11,991,517 shares as of June 30, 2023 and December 31, 2022, respectively | (986.8) | (986.7) |
| Additional paid-in capital | 775.0 | 757.8 |
| Retained earnings | 1,531.5 | 1,535.0 |
| Accumulated other comprehensive loss: | ||
| Currency translation adjustment | (84.0) | (99.0) |
| Unrealized gain on available-for-sale investments | (0.1) | 0.0 |
| Total accumulated other comprehensive loss | (84.1) | (99.0) |
| Total equity | 1,235.6 | 1,207.1 |
| Total liabilities and equity | $ 3,457.9 | $ 3,474.8 |
Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company offers web-based tools; investment data, fundamental equity and manager research, private capital markets research, credit and fund rating, and index, as well as environmental, social, and governance (ESG) rating services; and investment offerings, including managed investment products, publicly listed and private companies, fixed income securities, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors. It also provides Morningstar Data, an investment data spanning various databases, including equity fundamentals, managed investments, ESG factors, and market data; Morningstar Direct, an investment-analysis platform; Morningstar Managed Portfolios, an advisor service consisting of model portfolio that offers services for independent financial advisors, as well as offers asset allocation services for asset managers, broker/dealers, and insurance providers; Morningstar Advisor Workstation, a web-based research, financial planning, and proposal generation platform; and Morningstar.com, a website for individual investors. In addition, the company offers Morningstar Enterprise Components; Morningstar Credit Ratings that provides issuance and surveillance services for structured finance products and instruments; corporate credit estimates and operational risk assessment rankings; Morningstar Indexes for creating investment products; Morningstar workplace solutions, such as retirement accounts, fiduciary services, allocation funds, and custom models; and PitchBook Platform, research and analysis workstation for investment and research professionals. Further, its PitchBook provides a mobile application, excel plug-in, data feeds, and data solutions. The company was incorporated in 1984 and is headquartered in Chicago, Illinois.