Last 7 days
1.0%
Last 30 days
17.0%
Last 90 days
27.8%
Trailing 12 Months
11.6%
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 |
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% |
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 |
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 |
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% |
13.2%
18.7%
14.5%
17.5%
69.2%
38.1%
0%
Y-axis is the maximum loss one would have experienced if Morningstar was unfortunately bought at previous high price.
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) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
Condensed 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 |
Condensed 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 |