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Morningstar (MORN) Company Profile

Updated Jun 19, 2020
Morningstar has the following business profile:
Company's Full Name:Morningstar, Inc.
Short Name:Morningstar
Trading Ticker Symbol:MORN
Primary Exchange:NASDAQ
Headquarter City/Country:Illinois, IL
Primary Industry Sector:Finance
Seconday Sub-sector:Investment Managers
Main Business Areas: Finance, Investment Managers, Industrials, Business Services
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Morningstar stock

Market and Trading Information for Morningstar

The following details were available for trading and market data about the stock of Morningstar as of writing:
Current Share Price:$151.54
Previous Year's Closing Price:$151.31
Percentage Price Change (YTD):0.15%
Market Cap:$6.49 billion
52-week Price Range:$102.59 - $166.59
Dividend Per Share:$1.16
EPS (TTM):3.3
Price-Earnings (Trailing):45.94
Price-Earnings (Forward):53.36

Company Profile and Business Description for Morningstar

Morningstar, Inc., incorporated on May 16, 1984, is a provider of independent investment research in North America, Europe, Australia and Asia. The Company focuses on creating products that help investors reach their financial goals. The Company offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, retirement plan providers and sponsors, and individual investors. It also provides data on the private capital markets. It provides data and research insights on a range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. It conducts its business operations outside of the United States through subsidiaries based in countries, including Australia, Brazil, Canada, Chile, Denmark, France, Germany, India, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, People's Republic of China (both Hong Kong and the mainland), Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, the United Arab Emirates, and the United Kingdom.

Morningstar Data

Morningstar Data gives institutions access to a full range of investment data spanning various investment databases, including real-time pricing and market data. It offers licenses and data feeds for its statistics, such as the Morningstar Style Box and Morningstar Rating, and a range of other data, including information on investment performance, risk, portfolios, operations data, fees and expenses, cash flows, and ownership. Institutions use Morningstar Data in a variety of investor communications, including Websites, print publications, and marketing fact sheets, as well as for internal research and product development. It also offers Morningstar Data for equities, including financial statement data, consolidated industry statistics, stock ownership information, and Morningstar statistics.

Morningstar Investment Management

The Morningstar Investment Management product line includes offerings, such as Morningstar Managed Portfolios, as well as services for institutional asset management, asset allocation, and manager selection. Morningstar Managed Portfolios is a fee-based discretionary asset management service that includes a series of mutual fund, exchange traded fund (ETF), and stock portfolios tailored to meet specific investment time horizons and risk levels. It offers this service through Morningstar Investment Services LLC, a registered investment advisor, registered broker-dealer. It offers Morningstar Managed Portfolios to fee-based independent financial advisors. These advisors are affiliated with the corporate registered investment arms of insurance companies and independent and registered broker-dealers. It also provides other institutional asset management services for asset management firms, broker-dealers, and insurance providers, which it offers through a variety of entities in Australia, Dubai, France, Hong Kong, India, Japan, South Africa, South Korea, the United Kingdom, and the United States. These services include institutional asset management, asset allocation, and manager selection services, which are investment recommendations delivered as select lists, based on a process that draws on its rated universe and manager selection methodology.

Morningstar Advisor Workstation

Morningstar Advisor Workstation, a Web-based investment planning system, provides financial advisors with a set of tools for conducting their business, including investment research, planning, and presentations. It allows advisors to build and maintain a client portfolio database that can be fully integrated with its back-office technology and resources. It also helps advisors create customized reports for client portfolios that combine different types of investments. It is available in two versions: Morningstar Office for independent financial advisors and an enterprise version for financial advisors affiliated with larger firms. As of December 31, 2016, approximately 4,300 financial advisors in the United States were licensed to use Morningstar Office, and approximately 175 companies held licenses for the enterprise version of Morningstar Advisor Workstation.

Workplace Solutions

The Workplace Solutions product line includes different offerings, including retirement advice and managed accounts, plan sponsor advice, custom models, and financial wellness services. Its advice and managed accounts program, Morningstar Retirement Manager, helps retirement plan participants with their retirement goals. As part of this service, it delivers personalized recommendations for a target savings goal, a recommended contribution rate to help achieve that goal, a portfolio mix based on risk tolerance, and specific investment recommendations. Participants build their own portfolios based on its recommendations or elect to have their accounts managed by it through its managed retirement account offering. In its plan sponsor advice business, it works with retirement plan sponsors to help them meet their fiduciary obligations by selecting and monitoring a range of diversified plan options. It serves as a non-discretionary subadvisor and index provider for the Morningstar Lifetime Allocation Funds, a series of target-date collective investment trust funds (CITs) offered by UBS Asset Management to retirement plan sponsors. Retirement plan sponsors can select a conservative, moderate, or growth version of the funds based on the needs of participants in the plan. Through HelloWallet, it offers personalized financial guidance to individuals and their families through their employer benefit plans. HelloWallet helps employees build a financial foundation by providing them with tools for emergency savings, debt management, and budgeting.

The Company's Website for individual investors is As of December 31, 2016, in addition to its United States-based site, it offered over 30 regional investing Websites customized to the needs of investors. It also offers paid Premium Membership, which includes access to written analyst reports on stocks, mutual funds, ETFs, and closed-end funds, as well as its portfolio X-Ray, asset allocation and portfolio management tools, stock data, stewardship grades and ratings, and stock and fund screeners. It offers membership services in Australia, Canada, Italy, the United Kingdom, and the United States. As of December 31, 2016, the free membership services offered through had 10.9 million registered users. As of December 31, 2016, it also had approximately 118,000 paid Premium subscribers for in the United States plus an additional 15,000 paid Premium subscribers in other global markets.

Morningstar Enterprise Components

Morningstar Enterprise Components is a set of tools and capabilities that help institutional clients build customized Websites or enhance their existing solutions. It offers a series of components, editorial content, and reports that investment firms can license to build or enhance their Websites for financial advisors and individual investors. It also offers licenses for investment research, editorial content, and portfolio analysis and comparison tools that allow users to drill down into the underlying data when researching a potential investment.

Morningstar Research

The Company offers Morningstar Research, including equity research and manager research, through Morningstar Research Services LLC and other subsidiaries outside the United States. It offers equity research to institutional investors using it to supplement their own research, as well as to broker-dealers who provide its research to their affiliated financial advisors or individual investor clients. Its Manager Research services help institutional investors and manager research due diligence teams evaluate funds, investment strategies, and asset management firms. In manager research, it expanded its market efforts with wealth management firms to highlight how it can help meet the workflow needs of their due diligence groups. Its due diligence offering combines its analyst research content, analyst access, and qualitative ratings with screening, alerting, and scorecard capabilities in Morningstar Direct.

PitchBook Data

PitchBook Data, Inc. provides data, research, and technology covering the private capital markets, including venture capital, private equity, and mergers and acquisitions (M&A). PitchBook's product is the PitchBook Platform, an all-in-one research and analysis workstation for investment and research professionals. The software is used by professionals to source deals, raise funds, build buyer lists, create benchmarks, network, and more. PitchBook also offers a mobile application, excel plug-in, data feeds, and flexible, a la carte data solutions that allow clients to access a variety of data points on demand.

Morningstar Credit Ratings

Morningstar Credit Ratings, LLC is a nationally recognized statistical rating organization (NRSRO) that provides issue and surveillance ratings and analysis for structured credits, as well as operational risk assessment services. It provides ratings on a range of structured finance securities, including commercial mortgage-backed securities, residential mortgage-backed securities, single-family rental securities, and asset-backed securities.

Morningstar Indexes

The Company offers a set of investment indexes that can be used to benchmark the market and create investment products, including indexes that track the United States market by capitalization, sector, and investment style; dividend indexes; active equity indexes based on its equity research; bond indexes; commodity indexes; hedge fund indexes, and asset allocation indexes. Its Open Indexes Project offers asset managers and other firms the ability to benchmark their investments against over 100 Morningstar global equity indexes for free. The indexes include equity benchmarks across sectors, styles, and regions. Participants will receive price return, total return, net return, and month-end constituent data for indexes included in the project. It licenses Morningstar Indexes to institutions that offer ETFs and exchange-traded notes based on the indexes. Firms can license Morningstar Indexes for both product creation (where it receive the greater of a minimum fee or basis points tied to assets under management) and data licensing (where it receive annual licensing fees). It also offers various other products and services, including Morningstar investment profiles, Morningstar commodity data, print and online publications and Morningstar enterprise data management.

22 W Washington St

ETFs Holding Morningstar Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Morningstar stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Morningstar stock holding. There are a total of 77 ETFs in records which are holding Morningstar stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
No. of
DGRWWisdomTree US Dividend Growth FundThe WisdomTree U.S. Quality Dividend Growth ETF tracks the performance of the WisdomTree US Dividend Growth Index by investing in large- and midcap dividend-paying US common stocks with growth characteristics. ...Full Details0.28%276
Full List
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
FLQLFranklin LibertyQ US Equity ETFThe Franklin LibertyQ U.S. Equity ETF tracks a multi-factor US large-cap index. Stocks are selected and weighted based on a combination of quality, value, momentum, and low-volatility factors. ...Full Details0.25%248
Full List
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
IEFNiShares Evolved US Financials ETFThe iShares Evolved U.S. Financials ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details0.18%254
Full List
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
IWBiShares Russell 1000 ETFThe iShares Russell 1000 ETF tracks a market-cap-weighted index of the 1000-largest US companies. ...Full Details0.15%985
Full List
IWFiShares Russell 1000 Growth ETFThe iShares Russell 1000 Growth ETF tracks an index of US large- and midcap stocks selected from the Russell 1000 Index with the highest growth characteristics, based on Russell's style methodology. ...Full Details ...Candlestick Patterns.0.2%546
Full List

See Full List of ETFs holding Morningstar stock in their respective portfolios.

Peer / Competitor Companies of Investment Managers Sector

Along with Morningstar, Inc., the following other peer (competitor) companies also exist within the same Investment Managers - Finance sector whose company profile and dividend history is as follows:

▶ Adams Diversified Equity Fund (ADX): Adams Diversified Equity Fund, Inc., formerly The Adams Express Company, incorporated on February 10, 1976, is a diversified closed-end equity investment company. The Company?ÇÖs holdings include Adams Natural Resources Fund, ....See Detailed Company Profile,  Dividend History

▶ Adams Natural Resources Fund (PEO): Adams Natural Resources Fund, Inc. is a self-managed investment trust. The firm invests in the public equity markets across the globe. It invests in stocks of companies of all market capitalizations o....See Detailed Company Profile,  Dividend History

▶ Affiliated Managers (AMG): Affiliated Managers Group, Inc., incorporated on December 29, 1993, is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing around ....See Detailed Company Profile,  Dividend History

▶ Alcentra Capital (ABDC): Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. ....See Detailed Company Profile,  Dividend History

▶ AllianceBernstein Holding (AB): AllianceBernstein Holding L.P., incorporated on November 18, 1987, is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, ....See Detailed Company Profile,  Dividend History

▶ AllianzGI Convertible and Income Fund (NCV): AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, is a diversified, closed-end management investment company. The Funds investment objective is to provide total return through a combination ....See Detailed Company Profile,  Dividend History

▶ AllianzGI Convertible and Income Fund II (NCZ): AllianzGI Convertible & Income Fund II (the Fund), formerly AGIC Convertible & Income Fund II, is a diversified, closed-end management investment company. The Funds investment objective is to provide total ....See Detailed Company Profile,  Dividend History

▶ AllianzGI Diversified Income and Convertible Fund (ACV): AllianzGI Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.....See Detailed Company Profile,  Dividend History

▶ AllianzGI Equity and Convertible Income Fund (NIE): AllianzGI Equity and Convertible Income Fund, formerly AllianzGI Equity & Convertible Income Fund, is a diversified, closed-end management investment company. The Fund?ÇÖs investment objective is to seek total return consisted ....See Detailed Company Profile,  Dividend History

▶ Alpine Global Dynamic Dividend Fund (AGD): Alpine Global Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Funds primary investment objective is to seek high current dividend income. It also focuses on ....See Detailed Company Profile,  Dividend History

▶ Alpine Global Premier Properties Fund (AWP): Alpine Global Premier Properties Fund (the Fund) is a diversified, closed-end management investment company. The Fund?ÇÖs primary investment objective is capital appreciation. The Fund?ÇÖs secondary investment objective is high current ....See Detailed Company Profile,  Dividend History

▶ Alpine Total Dynamic Dividend Fund (AOD): Alpine Total Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Fund has an investment objective to invest in equity securities that provide high current dividend ....See Detailed Company Profile,  Dividend History

▶ Ameriprise Financial (AMP): Ameriprise Financial, Inc., incorporated on September 29, 1983, is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice ....See Detailed Company Profile,  Dividend History

▶ Apollo Global Management LLC (APO): Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual in....See Detailed Company Profile,  Dividend History

▶ Apollo Investment (AINV): Apollo Investment Corporation, incorporated on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company. The Companys investment objective is to generate current income and capital appreciation. It ....See Detailed Company Profile,  Dividend History

▶ Ares Capital (ARCC): Ares Capital Corporation, incorporated on April 16, 2004, is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Companys investment objective is to generate ....See Detailed Company Profile,  Dividend History

▶ Ares Management (ARES): Ares Management, L.P., incorporated on September 3, 1997, is an alternative asset manager. The Company offers its investors a range of investment strategies. The Company operates through three segments: Credit ....See Detailed Company Profile,  Dividend History

▶ Artisan Partners Asset Management (APAM): Artisan Partners Asset Management Inc., incorporated on October 25, 2012, is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, ....See Detailed Company Profile,  Dividend History

▶ ASA Gold and Precious Metals (ASA): ASA Limited, incorporated on April 29, 2003, is a closed-end management investment company. The Company invests in the companies engaged in the exploration, mining or processing of gold, silver, platinum, ....See Detailed Company Profile,  Dividend History

▶ Berkshire Hathaway (BRK.B): Berkshire Hathaway Inc. (Berkshire), incorporated on June 16, 1998, is a holding company owning subsidiaries engaged in various business activities. The Companys segments include Insurance, Burlington Northern Santa Fe, LLC ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

... See Full List of All Stocks of Investment Managers Sector.

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