Earnings summaries and quarterly performance for Morningstar.
Executive leadership at Morningstar.
Board of directors at Morningstar.
Research analysts covering Morningstar.
Recent press releases and 8-K filings for MORN.
Morningstar Completes CRSP Acquisition and Extends Vanguard Relationship
MORN
M&A
New Projects/Investments
- Morningstar, Inc. has completed the acquisition of the Center for Research in Security Prices (CRSP) from the University of Chicago for $365 million.
- This acquisition integrates CRSP Market Indexes into the Morningstar Indexes family, establishing Morningstar as a leading provider of broad US-equity benchmarks.
- Morningstar also announced an agreement with Vanguard for the continued use of CRSP indexes to underpin various Vanguard funds, including the Vanguard Total Stock Market Index Fund.
- With this integration, Morningstar Indexes now has over $4.2 trillion in assets linked, reinforcing its commitment to investor-focused solutions.
4 days ago
China Vanke Secures State Loan and Bondholder Approval to Ease Liquidity Pressure
MORN
Debt Issuance
Proxy Vote Outcomes
- China Vanke secured a RMB 2.36 billion loan from its state-owned shareholder Shenzhen Metro, easing near-term pressure as the developer confronts a prolonged liquidity crunch.
- Shenzhen Metro, Vanke's largest shareholder with a 27.18% stake, had previously lent the developer about RMB 22 billion last year, underscoring its ongoing financial support.
- Bondholders approved a separate plan for a RMB 1.1 billion puttable bond, signaling a growing willingness to accept relief measures for Vanke.
- Vanke also offered sweeter terms on several yuan bonds and outlined grace-period repayment arrangements for its 2022 medium-term notes to reassure creditors.
Jan 27, 2026, 12:44 PM
Pop Mart Shares Surge Following Share Buyback
MORN
Share Buyback
Demand Weakening
New Projects/Investments
- Pop Mart's Hong Kong-listed shares jumped 8–10% after the company repurchased 1.4 million shares for HK$251 million (US$32 million), its first buyback since February 2024.
- The company maintains a healthy balance sheet with over RMB13 billion (about US$1.8 billion) in cash and recently reported strong financials, including 205% revenue growth and a net profit margin of 33.7%.
- Despite the positive market reaction, concerns persist regarding cooling demand for its Labubu character, evidenced by underperforming U.S. Black Friday sales and steep falls in secondary-market resale prices for certain series.
- To sustain growth, Pop Mart is expanding into entertainment and IP development, including a planned Labubu movie with Sony, while also developing new characters and international initiatives.
Jan 20, 2026, 4:17 AM
Morningstar and PitchBook Launch Quarterly Evergreen Fund Report
MORN
Product Launch
New Projects/Investments
- Morningstar and PitchBook have launched "The Evergreen Fund Landscape" report, a new quarterly research series offering comprehensive analysis of US evergreen private market funds, covering performance, fund flows, fee structures, and emerging trends.
- The inaugural report highlights that evergreen fund assets have doubled since 2022, now approaching $500 billion, reflecting rapid adoption and broadening access to private markets.
- Private credit is identified as the primary growth engine, with direct lending assets under management more than tripling since 2022, and interval and tender offer funds attracting over $40 billion in net inflows through September 2025.
- Key findings also indicate that median expense ratios for evergreen funds remain above 3%, and there is wide performance dispersion, reinforcing the importance of manager selection.
Dec 18, 2025, 2:00 PM
Morningstar Announces Quarterly Dividend Increase
MORN
Dividends
- Morningstar, Inc. has announced a 10% increase in its quarterly dividend, raising the payout to 50 cents per share from 45.5 cents, effective with the January 2026 distribution.
- This increase results in an annualized dividend of $2.00 per share and an annual yield of about 0.9%.
- Despite the dividend hike, Morningstar's stock price has declined, with a year-to-date return in the negative mid-thirties, and trades at a price-to-earnings ratio of 23.9.
- As of late 2025, Morningstar manages approximately $369 billion in assets under management.
Dec 6, 2025, 1:35 AM
Morningstar, Inc. Increases Quarterly Dividend
MORN
Dividends
- Morningstar, Inc. declared a quarterly dividend of 50 cents per share, representing an increase of approximately 10 percent from the prior rate of 45.5 cents per share.
- This increase results in an annualized dividend of $2.00 per share, compared to the previous annualized rate of $1.82 per share.
- The dividend is payable on January 30, 2026, to shareholders of record as of January 2, 2026.
Dec 5, 2025, 9:31 PM
Mini Mall Storage Properties Trust Closes C$750 Million Unsecured Debenture Offering
MORN
Debt Issuance
New Projects/Investments
- Mini Mall Storage Properties Trust closed an offering of C$750 million aggregate principal amount of senior unsecured debentures, which is the largest-ever inaugural unsecured debenture offering by a real estate issuer in the Canadian bond market.
- The offering included C$450 million Series A debentures with a fixed annual interest rate of 4.284% maturing on December 1, 2028, and C$300 million Series B debentures with a fixed annual interest rate of 4.751% maturing on December 1, 2030.
- The net proceeds from the offering will be used to refinance existing indebtedness, fund the acquisition of additional properties, and for general corporate purposes.
- Mini Mall's existing C$525 million revolving credit facility has been converted to an unsecured facility, allowing for greater financing flexibility.
- This transaction follows the assignment of an investment-grade rating from Morningstar DBRS at BBB (low) with a Stable trend.
Dec 1, 2025, 3:16 PM
Morningstar, Inc. Addresses Investor Questions on Q3 2025 Performance and Strategy
MORN
New Projects/Investments
Share Buyback
Demand Weakening
- Morningstar's AI strategy focuses on leveraging its differentiated data and intellectual property, accelerating product insights, and enhancing operational efficiency, including the launch of PitchBook Navigator and partnerships with OpenAI and Anthropic.
- The company returned to net headcount growth in Q3 2025, adding 90 FTEs to support expansion in Morningstar Credit and PitchBook.
- Morningstar repurchased 1,873,729 shares for $487.0 million year-to-date through October 28, 2025, and authorized an additional $1 billion in share repurchase authority over the next three years.
- PitchBook's licensed user count decreased by 2.5% sequentially in Q3 2025 to 113,453, primarily due to license rationalization by large enterprise customers.
Nov 25, 2025, 9:53 PM
Sea Limited Authorizes $1 Billion Share Repurchase Program
MORN
Share Buyback
- Sea Limited has authorized a $1 billion share repurchase program for its American depositary shares, reflecting confidence in its long-term prospects and an intent to enhance shareholder value.
- The buyback will be executed opportunistically based on market conditions, potentially utilizing methods such as open market purchases, block trades, and derivative transactions.
- The company demonstrates strong financial health, with a current ratio of 1.44, a debt-to-equity ratio of 0.42, and an Altman Z-Score of 4, indicating a low risk of financial distress.
- Founder Forrest Xiaodong Li controls 59.8% of the voting power, while Tencent owns 18.2% of the issued shares, highlighting significant insider and strategic investor influence.
Nov 17, 2025, 8:11 AM
Victory Capital Reports Record Third-Quarter 2025 Financial Results
MORN
Earnings
Dividends
Share Buyback
- Victory Capital reported record financial results for the third quarter ended September 30, 2025, including Adjusted net income with tax benefit per diluted share of $1.63 and revenue of $361.2 million.
- Total client assets reached $313.4 billion as of September 30, 2025, primarily driven by $14.5 billion in positive market action during the quarter.
- The company returned approximately $163 million of capital to shareholders in the third quarter of 2025 through the repurchase of 1.8 million shares of common stock and a regular quarterly cash dividend of $0.49 per share.
- Victory Capital is on track to deliver $110 million in net expense synergies from the Pioneer Investments acquisition, which closed on April 1, 2025, and contributed to a 52.7% Adjusted EBITDA margin for the quarter.
Nov 6, 2025, 9:29 PM
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