Morningstar, Inc. Names Matt Fellowes as Chief Innovation Officer
Mar 3 15
Morningstar Inc. has named Matt Fellowes, as chief innovation officer. Fellowes will also continue to lead HelloWallet, a provider of personalized financial guidance that Morningstar acquired last year.
Morningstar Inc. Presents at Morningstar Annual Institutional Conference, Mar-05-2015
Mar 2 15
Morningstar Inc. Presents at Morningstar Annual Institutional Conference, Mar-05-2015 . Venue: JW Marriott Desert Ridge, Resort & Spa, Phoenix, Arizona, United States. Speakers: Lee Davidson, senior quantitative analyst, Robert Johnson, Director of Economic Analysis, Warren Miller, vice president, quantitative research.
Morningstar Inc. Declares Regular Quarterly Dividend, Payable on April 30, 2015
Feb 13 15
The board of directors of Morningstar Inc. declared a quarterly dividend of 19 cents per share. The dividend will be payable on April 30, 2015 to shareholders of record as of April 10, 2015.
Morningstar Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 12 15
Morningstar Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company reported consolidated revenue of $196.4 million in the fourth quarter of 2014, an 8.8% increase from $180.5 million in the fourth quarter of 2013. Consolidated operating income was $46.6 million, an increase of 11.2% compared with $41.9 million in the same period a year ago. Net income was $31.5 million, or 71 cents per diluted share, compared with $31.3 million, or 68 cents per diluted share, in the fourth quarter of 2013. Consolidated free cash flow was $41.4 million in the fourth quarter of 2014, reflecting cash provided by operating activities of $57.0 million. Capital expenditures were $15,564,000 compared to $5,633,000 a year ago. Income before income taxes and equity in net income of unconsolidated entities was $48,420,000 compared to $44,426,000 a year ago. Cash provided by operating activities was $56,933,000 compared to $54,445,000 a year ago. Operating income, excluding litigation settlement (adjusted operating income) was $46,581,000 compared to $41,897,000 a year ago.
For the year ended Dec. 31, 2014, consolidated revenue was $760.1 million, an increase of 8.9% compared with $698.3 million in 2013. The company reported consolidated operating income of $105.6 million in 2014, a decrease of 38.1% compared with $170.7 million in 2013. The company reported adjusted operating income of $166.6 million in 2014, a decrease of 2.4% compared with 2013. Net income was $78.3 million, or $1.74 per diluted share, in 2014, compared with $123.5 million, or $2.66 per diluted share, in 2013. Income before income taxes and equity in net income of unconsolidated entities was $113,898,000 compared to $178,010,000 a year ago. Capital expenditures were $58,320,000 compared to $33,583,000 a year ago. Cash provided by operating activities was $132,221,000 compared to $186,658,000 a year ago. Operating income, excluding litigation settlement (adjusted operating income) was $166,594,000 compared to $170,654,000 a year ago.
Morningstar Investment Management Appoints Mark Watson as New Director of UK Intermediary Sales
Feb 2 15
Morningstar Investment Management group, a unit of Morningstar, has appointed Mark Watson as director of UK intermediary sales for the Morningstar OBSR Managed Portfolios service, a discretionary managed portfolios service for the UK advisor market. Watson joins Morningstar from Brooks Macdonald, where he spent three years as head of sales for the firm's funds business. Watson also worked for Zurich Intermediary Group, working with advisors in the south-east of England, for Barclays in Dubai, and for SHUAA Capital where he advised on investment portfolios for high net worth individuals.