Morningstar, Inc.

Morningstar, Inc.

Morningstar, Inc.

Overview
Date Founded

1984

Headquarters

22 West Washington Street, Chicago, IL, 60602, USA

Type of Company

Public

Employees (Worldwide)

6,737

Industries

Investment Services & Portfolio Management
Other Business & Consulting Services
Market & Policy Research
IT Consulting & Services
Accounting & Financial Services
Computer Software

Company Description

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries. We offer investment consulting and retirement planning services through Morningstar Associates, LLC and Ibbotson Associates; registered investment advisors and wholly owned subsidiaries of Morningstar, Inc. We also offer Morningstar® Managed Portfolios, an asset management service for financial advisors, through Morningstar Investment Services, Inc., a registered investment advisor, broker/dealer, and a subsidiary of Morningstar, Inc.

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Executives & Employees

Director & Chief Executive Officer

Chief Financial Officer

General Counsel

Chief Marketing Officer

Chief Technology Officer

Chief Revenue Officer

Global Controller & Chief Accounting Officer

Chief Executive Officer-Pitchbook Data, Inc

Head-Global Manager Research

Board of Directors

Former President & Chief Executive Officer at American Century Investment Management, Inc.

Co-Founder at Compute Software, Inc.

Former Head of Distribution for The Americas at Credit Suisse AG

Co-Founder at Corporate Leadership Center

Former Chief Executive Officer at Fitch Ratings, Inc.

Strategic Partner at NextGen Growth Partners LLC

Chief Executive Officer at ShowCase Corp.

President & Director at Instron Corp.

Director & Chief Executive Officer at Morningstar, Inc.

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Morningstar, Inc.
Owners & Shareholders
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Kayne Anderson Rudnick Investment Management is a registered investment advisor based in Los Angeles, California with approximately $7 billion in assets under management. Our clients include affluent individuals, endowments, foundations, corporations, public funds, and pension plans for who it manages a range of portfolios having a common disciplined, high-quality investment philosophy

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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth fundamental analysis is the primary basis for their investment decision making process. Atlanta Capital invests principally in traditional equity (common stocks and equivalents) and debt securities. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments they believe have unrecognized value or investment potential. For equities, high quality is generally measured by a company's demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow). Atlanta Capital operates with three distinct investment teams, Growth Equity, Core Equity and Fixed Income, each leveraging a central investment philosophy.

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BAMCO's investment strategy is to invest in growth businesses for capital appreciation potential. Each portfolio manager's ability to choose appropriate investments for an account has a significant impact on their ability to achieve an account's investment objective. The firm's investment professionals are focused on fundamental analyses of businesses. Their primary objective is to understand the key drivers of growth and profitability of each company in which they invest. They analyze the following financial information: income statement, cash flow statement, balance sheet, turnover and ROE metrics, unit economics, and other company-specific data. This information is filtered through their valuation models, which they use to extrapolate long-term trends. They have meetings with the management which is a critical element of the firm's research process.

Recent Transactions
Details Hidden

Morningstar, Inc. purchases Sustainalytics BV

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Morningstar, Inc. purchases Hueler Analytics Inc /Stable Value Comparative Universe Data

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Morningstar, Inc., Morningstar Australasia Pty Ltd. purchase Cuffelinks Pty Ltd.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Legal Advisor

Advised onMorningstar, Inc. purchases Inquiry Financial Europe AB

Auditor

Advised onMorningstar, Inc. issued USD Common Stock

Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Legal Advisor

Advised onMorningstar, Inc. purchases DBRS Ltd. from Warburg Pincus LLC, The Carlyle Group LP (Corporate Private Equity)

Advisors & Consultants
Legal Advisor

Partner at Winston & Strawn LLP

Real Estate Agent

President-Midwest at Transwestern Commercial Services LLC

Legal Advisor

Chair, Litigation Practice at Winston & Strawn LLP

Clients

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

FactSet Research Systems Inc. (the \"Company\" or \"FactSet\") is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company's content and multi-asset class solutions across each stage of the investment process. FactSet's goal is to provide a seamless user experience spanning idea generation, research, portfolio construction, trade execution, performance measurement, risk management, reporting, and portfolio analysis, in which the Company serves the front, middle, and back offices to drive productivity and improved performance. FactSet's flexible, open data and technology solutions can be implemented both across the investment portfolio lifecycle or as standalone components serving different workflows in the organization. FactSet is focused on growing the business throughout each of its three segments, the Americas, EMEA (formerly known as Europe), and Asia Pacific. The Company primarily delivers insight and information through the workflow solutions of Research, Analytics and Trading, Content and Technology Solutions (\"CTS\") and Wealth. FactSet currently serves financial professionals, which include portfolio managers, investment research professionals, investment bankers, risk and performance analysts, wealth advisors and corporate clients. FactSet provides both insights on global market trends and intelligence on companies and industries, as well as capabilities to monitor portfolio risk and performance and to execute trades. The Company combines dedicated client service with open and flexible technology offerings, such as a configurable desktop and mobile platform, comprehensive data feeds, an open marketplace and digital portals and application programming interfaces (\"APIs\"). The Company's revenue is primarily derived from subscriptions to products and services such as workstations, analytics, enterprise data, and research management. FactSet Research Systems was founded by Howard E. Wille and Charles J. Snyder in September 1978 and is headquartered in Norwalk, CT.

Key Stats and Financials As of 2019
Market Capitalization
$6.03B
Total Enterprise Value
$6.86B
Earnings Per Share
$3.52
Revenue
$1.18B
Net Profit
$152M
EBITDA
$314M
EBITDAMargin
26.62%
Total Debt
$688M
Total Equity
$1.08B
Enterprise Value Sales
5.82x
Enterprise Value EBITDAOperating
21.29x
TEVNet Income
45.11x
Debt TEV
0.1x
Three Year Compounded Annual Growth Rate Of Revenue
13.87%
Five Year Compounded Annual Growth Rate Of Revenue
9.18%
Non-Profit Donations & Grants
$5,000 - $7,499
2019
$5,000 - $10K
2018
Investments
Details Hidden

Ellevest, Inc. provides investment advisory and portfolio management services. The firm manages separate client-focused portfolios. It employs fundamental analysis along with top-down approach to create its portfolios. The company was founded by Sallie Lee Krawcheck and Charlie Kroll in November 2014 and is headquartered in New York, NY.

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United Income, Inc. provides investment advisory services. Its services include account sequencing, asset diversification, budgeting, financial planning, health spending plans and investment management. The company was founded by Matt Fellowes in 2016 and is headquartered in Washington, DC.

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YCharts, Inc. provides online stock and financial data information. The firm offers insights on company valuation, growth and profitability trends in areas, such as market capitalization, revenue, net income, cash on hand, free cash flow, earnings per share, revenue growth, price to earnings and dividend yield. It focuses on industries such as biotechnology, drug, networking and investment brokers. The company was founded by Shawn Carpenter and Ara Anjargolian, Brian Hand, Michael W. Ferro Jr., Jai Shekhawat and Barney Merrick Harford in January 2009 and is headquartered in Chicago, IL.

Investors
Details Hidden

Chief Executive Officer & Director at Ripple Labs, Inc.

Suppliers
Orion Advisor Technology LLC Holding Companies | Omaha, NE

Orion Advisor Technology LLC operates as a holding company. It offers services within the financial industry, including asset management, pooled investment solutions, portfolio accounting, fund distribution and compliance and printing and marketing services. The firm provides accounting, human resources, marketing, legal, and sales leadership for all its subsidiaries. The company was founded by Michael Miola and Warren Patrick Clarke in 2003 and is headquartered in Omaha, NE.

Redtail Technology, Inc. IT Consulting & Services | Sacramento, CA

Redtail Technology, Inc. develops and provides customer relationship management tools for financial advisors. It offers Client relationship Management and text messaging solutions, paperless office, and email archiving solutions. The company was founded by Brian McLaughlin, Andrew Hernandez, Kathi Bacon and Gary Curry in 2003 and is headquartered in Sacramento, CA.

MacroRisk Analytics Commercial Scientific Research | Pasadena, CA

Macrorisk Analytics is an American private company located in Pasadena, CA, that provides research investment. It was founded by G. Michael Phillips, who is currently the CEO of the firm.

Competitors
BlackRock, Inc. Investment Services & Portfolio Management - New York, NY

BlackRock is trusted to manage more money than any other investment firm. Their business is investing on behalf of their clients — from large institutions to parents and grandparents, teachers, nurses, doctors and people from all walks of life who entrust their savings to them. They are passionate about their work and intensely focused on performing at the highest levels. To get there, they strive to out-think and out-work competitors and find the best balance of risk and return across all investment styles on behalf of their clients.

Moody's Corp. Accounting & Financial Services - New York, NY

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.3 billion in 2011, employs approximately 6,700 people worldwide and maintains a presence in 28 countries. Further information is available at www.moodys.com

The Charles Schwab Corp. Investment Banking & Brokerage - San Francisco, CA

The Charles Schwab Corp. is a savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, retirement business, and support services as well as retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. The company was founded by Charles R. Schwab in 1986 and is headquartered in San Francisco, CA.

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