Morningstar (company)
| Morningstar Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US6177001095 |
| founding | 1984 |
| Seat |
Chicago , United States
|
| management | Kunal Kapoor ( CEO ) |
| Number of employees | 4,920 |
| sales | 911.7 million US dollars |
| Branch | Services |
| Website | www.morningstar.com |
| As of December 31, 2017 | |
Morningstar Inc. is a NASDAQ- listed financial information and analytics company. It was founded in 1984 by Joe Mansueto in Chicago. It offers the data of approx. 500,000 shares, investment funds and other securities on its website . Furthermore, prices for approx. 4 million stocks, bonds, indices, futures , options, raw materials, precious metals, government bonds and currency rates are kept available in real time .
Asset planning and investment advisory services are also offered through subsidiaries. The rating agency Realpoint LLC , acquired by Morningstar Inc. in 2010, has been operating under the name Morningstar Credit Ratings since June 10, 2011 .
history
In 1984 Joe Mansueto founded Mutual Fund Sourcebook Inc. , which published a quarterly survey of 400 US mutual funds . Mutual Fund Sourcebook Inc.'s first year sales were approximately $ 100,000; this corresponds to around 3,000 copies of the printed fund study sold. After the 5-star rating for mutual funds was introduced in 1985, sales doubled to approximately US $ 200,000.
In 1986 the company name was in Morningstar Inc. changed.
Morningstar Inc. introduced new offerings in the area of financial analysis in the 1990s and expanded the scope to include approximately 1,700 investment funds examined.
In 1998, in a joint venture with Softbank Corp. Established the first foreign subsidiary in Tokyo under the name Morningstar Japan KK . In 1998, research was also expanded to include stocks and a paid investment newsletter was published under the title Morningstar StockInvestor .
In 1999 Softbank Corp. took over in the form of a $ 91 million investment totaling 20 percent of the company's shares in Morningstar. As a result, Morningstar expanded to Canada , New Zealand and Australia .
From 2000 the international orientation was further expanded with the founding of Morningstar Asia , Morningstar Europe and Morningstar Korea .
In 2001, Morningstar's fundamental analysis- based rating for stocks was introduced.
In 2002, Morningstar's annual sales exceeded $ 100 million for the first time. In 2005, Morningstar's annual sales exceeded $ 200 million for the first time.
Through international takeovers and investments , the annual turnover increased to more than 500 million US- $ by the year 2008. With the introduction of qualitative financial analyzes and ratings for European and Asian investment funds, Morningstar's activities in the European and Asian region have been significantly expanded.
In 2017, annual sales were more than $ 900 million. In 2017, earnings before taxes were approximately $ 180 million. The share price on December 31, 2017 was 80.70 euros / 98.50 US dollars.
In May 2019 it was announced that Morningstar will take over the Canadian rating agency DBRS for an amount equivalent to 670 million euros.
Individual evidence
- ↑ Current Morningstar Inc. Board of Directors at www.morningstar.com, accessed April 25, 2018
- ↑ a b c Morningstar Inc. Key Figures at www.finanzen.net, accessed April 25, 2018
- ^ Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2017 Financial Results. Morningstar, Inc., accessed April 25, 2018 .
- ^ Company history according to information provided by Morningstar Inc. on corporate.morningstar.com, accessed on April 25, 2018
- ↑ Company profile and company history on referenceforbusiness.com, there also references to other sources, accessed on April 25, 2018
- ↑ Morningstar is taking over the rating agency DBRS for 670 million euros on handelsblatt.com, accessed on May 30, 2019