Morningstar (MORN)
Provides investment data, research, ratings, and software across public and private markets.
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Provides data, ratings, research, and software for investment decisions across public and private markets. Its reporting segments span the Morningstar Direct Platform, PitchBook, credit, wealth, and retirement.
Data, ratings, research, and software for public and private markets underpin the group’s investor-facing offerings. The Morningstar Direct Platform provides investment information and analysis, while PitchBook brings private-capital-market data and research. Morningstar Credit supplies credit ratings, research, data, and analytics.
Morningstar Wealth and Morningstar Retirement extend the portfolio to wealth and retirement users; Morningstar’s history also records sustainability research and indexes. Founded in Chicago around mutual-fund information, the business expanded through product development and acquisitions, including PitchBook, DBRS, and Sustainalytics.
Management reports operations through the Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement segments.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 7, 2026 | UBS | Reiterate | Rating: —Target: $280 | Target: $260 |
| Jun 26, 2026 | BMO Capital | Reiterate | Rating: —Target: $193 | Target: $212 |
| Jun 18, 2026 | Redburn Partners | Target | Target: $340 | Target: $210 |
| Feb 17, 2026 | BMO Capital | Reiterate | Rating: —Target: $250 | Target: $193 |
| Feb 13, 2026 | UBS | Target | Target: $320 | Target: $280 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $523.8M · Total debt $1.90B · Total assets $3.95B · Shareholders' equity $1.02B
- Revenue
- $663.2M
- Operating income
- $160.6M
- Net income
- $107.8M
HistoryDividendAnnual yieldUpcoming
| Institutions | 65.24% | 24.47M shares | |
|---|---|---|---|
| 426 holders · as of Jun 30, 2026 | |||
| Insiders | 48.53% | 18.21M shares | |
| 10 holders · as of Sep 2, 2026 | |||
| Adds to | 113.77% | ||
37.51M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 113.77%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Joseph D. Mansueto1Insiderdirector, 10 percent owner, officer: Executive Chairman | 38.93% | 14.91M | filed Aug 24, 2026 |
Bamco Inc /NY/Institution | 9.33% | 3.50M | as of Jun 30, 2026 |
Daniel Mansueto2,3Insider10 percent owner | 9.01% | 3.76M | filed Aug 26, 2026 |
BlackRock, Inc.Institution | 5.55% | 2.08M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 3.98% | 1.49M | as of Jun 30, 2026 |
- Joseph D. Mansueto's transaction reports restate only vehicles that traded; the 2026 ownership statement (14.91M) less the 305.3K net shares sold since is used instead.
- Daniel Mansueto's transaction reports restate only vehicles that traded; the 2026 ownership statement (3.76M) less the 377.0K net shares sold since is used instead.
- Daniel Mansueto reports a block also reported by Bamco Inc /NY/; it is counted once, under Bamco Inc /NY/.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Joseph D. Mansueto | director, 10 percent owner, officer: Executive Chairman | −5,659 | $218.84 |
| Aug 21, 2026 | Joseph D. Mansueto | director, 10 percent owner, officer: Executive Chairman | −4,095 | $216.75 |
| Aug 20, 2026 | Joseph D. Mansueto | director, 10 percent owner, officer: Executive Chairman | −7,250 | $214.16 |
| Aug 19, 2026 | Joseph D. Mansueto | director, 10 percent owner, officer: Executive Chairman | −6,594 | $213.75 |
| Aug 18, 2026 | Joseph D. Mansueto | director, 10 percent owner, officer: Executive Chairman | −7,906 | $210.26 |
- S&P Global
Broad overlap in data, ratings, ESG, indices, and private markets
- FactSet
Market data, institutional workflows, and private-market research
- MSCI
Private markets, ESG research, and index licensing
- Moody's
Credit ratings for overlapping issuer and investor markets
- BlackRock
Private-market data and model portfolios in institutional workflows
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Morningstar | $195.23 | 0.00% | $7.56B | 19.1 | 15.1 | 2.9 | +9.6% |
| S&P Global | $403.72 | +0.28% | $119.24B | 24.6 | 21.3 | 7.4 | −2.1% |
| FactSet | $276.42 | −0.01% | $10.10B | 18.7 | 14.4 | 4.1 | +6.4% |
| MSCI | $548.88 | +0.01% | $40.64B | 30.8 | 26.0 | 12.2 | +12.2% |
| Moody's | $469.25 | +0.06% | $80.94B | 29.7 | 26.4 | 9.9 | +15.1% |
| BlackRock | $1,070.00 | +0.33% | $168.99B | 26.1 | 17.9 | 6.2 | +30.6% |
| Median | 26.1 | 21.3 | 7.4 | +12.2% |