Últimas noticias sobre Morningstar (NASDAQ:MORN) Bolsa

Morningstar

Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research. It offers data on investments such as mutual funds, stocks, exchange-traded funds, closed-end funds, separate accounts, and variable annuities. Further, the company tracks real-time market data of equity, derivative, currency exchanges, and other investments. In its research operation, Morningstar offers analyst research on passive and active mutual funds, alternative funds, and college saving plans. Morningstar's largest share of revenue is generated in the United States of America.

Morningstar Inc

Redburn Atlantic analyst Russell Quelch downgrades Morningstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) from Buy to Neutral and announces $340 price target.

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MORN

Redburn Atlantic Downgrades Morningstar to Neutral, Announces $340 Price Target

As of Oct. 9, 2024, two stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Morningstar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>)</h3>
<ul>
<li>On Oct. 8, UBS analyst Alex Kramm initiated coverage on Morningstar with a Buy rating and announced a price target of $390. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/MORN">52-week high of $335.67</a>.</li>
<li>RSI Value: 77.50&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MORN Price Action: Shares of Morningstar gained 7.2% to close at $335.28 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Msci Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>)</h3>
<ul>
<li>On Oct. 2, Evercore ISI Group analyst David Motemeden initiated coverage on MSCI with an Outperform rating and announced a price target of $690. The company's stock gained around 7% over the past month and <a href="https://www.benzinga.com/quote/MSCI">has a 52-week high</a> of $617.39.</li>
<li>RSI Value: 71.97</li>
<li>MSCI Price Action: Shares of MSCI rose 2.1% to close at $596.83 on Tuesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/10/41238686/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a></li>
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Morningstar shares are trading higher after UBS initiated coverage on the stock with a Buy rating and a $390 price target.

UBS analyst Alex Kramm initiates coverage on Morningstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) with a Buy rating and announces Price Target of $390.

Initiation

UBS Initiates Coverage On Morningstar with Buy Rating, Announces Price Target of $390

MSCI (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msci#NYSE">MSCI</a>) shares moved up 6.7% in the past year compared with the broader Zacks Computer and Technology sector&#39;s return of 39.8% and the Zacks Business - Software Services sector&#39;s rise of 29.2%.
The underperformance is likely to have been caused by a tighter spending environment and longer sales cycles due to challenging macroeconomic conditions.
Increasing pricing pressure is also a major concern, primarily due to the growing availability of free indices from providers like Morningstar (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/morn#NASDAQ">MORN</a>).
As Morningstar continues to offer more accessible options, self-indexing and lower spending by asset managers on gathering data are other headwinds.
<div class="chart_embed">
<h3>MSCI Inc Price and Consensus</h3>
<img alt="MSCI Inc Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/20/1727099080.png" style="height:278px; width:620px" title="" />
MSCI Inc price-consensus-chart | MSCI Inc Quote
Despite these challenges, MSCI is benefiting from strong demand for custom and factor index modules, recurring revenue business models and the growing adoption of its ESG and Climate solutions in the investment process.
Hence, investors should ask this question &mdash; is now the right time to invest in MSCI&#39;s shares given the current market challenges and MSCI&#39;s performance?
</div>
<h3>Will MSCI&#39;s Strong Portfolio Drive Growth?</h3>
MSCI&#39;s expanding portfolio along with robust adoption of its Climate and ESG solutions, have been a major growth driver.
In July, the company announced a partnership with Moody&#39;s, marking a milestone in advancing ESG (Environmental, Social and Governance) transparency in financial markets.
MSCI announced a partnership with Moody&#39;s. The partnership will leverage MSCI&#39;s robust sustainability data and models, widely utilized by major asset managers worldwide, to bolster Moody&#39;s offerings across banking, insurance and corporate sectors.
Moody&#39;s will also integrate MSCI&#39;s industry-leading ESG ratings and content into its solutions, gradually replacing its own ESG data offerings. The agreement also entails MSCI gaining access to Moody&#39;s extensive Orbis database, paving the way for expanded private company ESG coverage and exploration into advanced solutions for the private credit market.
MSCI&#39;s partnership with Microsoft has further expanded its clientele and is considered a major positive for the company.
The partnership with Microsoft aims to enhance the global investment industry by leveraging Microsoft&#39;s cloud and AI technologies to modernize MSCI&#39;s products and drive ESG solutions.
In second-quarter 2024, MSCI achieved 10% organic revenue growth, driven by strong performance across various segments, including Analytics, ESG and Index Investments. The company witnessed growth in its ESG and Climate solutions, with organic run rate growth of 14%.
Acquisitions have also played a significant role in shaping the company&#39;s growth trajectory. In April, MSCI completed the acquisition of Foxberry, a London-based index provider, aimed at enhancing custom index production capabilities and providing simulation and back-testing capabilities for institutional investors.
<h3>MSCI&#39;s Earnings Estimates Show Upward Movement</h3>
MSCI&#39;s diverse portfolio and strategic acquisitions are contributing to its growth prospects continuously and driving top-line growth.
The Zacks Consensus Estimate for third-quarter 2024 revenues is currently pegged at $710.74 million, suggesting 13.64% growth year over year.
The consensus mark for earnings is currently pegged at $3.75 per share, unchanged in the past 30 days.
<h3>MSCI Shares are Overvalued</h3>
MSCI stock is not so cheap, as the Value Score of D suggests a stretched valuation at this moment.
The forward 12-month Price/Sales ratio for MSCI stands at 16.16X, higher than its Zacks Business - Software Services industry&#39;s 11.26X, reflecting a stretched valuation.
MSCI currently carries Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point in the stock.
<a href="https://www.zacks.com/stock/news/2340002/msci-shares-up-7-in-a-year-should-you-buy-hold-or-sell-the-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2340002">To read this article on Zacks.com click here.</a>

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MSCI Shares Up 7% in a Year: Should You Buy, Hold or Sell the Stock?

BMO Capital analyst Jeff Silber maintains Morningstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) with a Outperform and maintains $352 price target.

BMO Capital Maintains Outperform on Morningstar, Maintains $352 Price Target

Steven Kaplan, Board Member at Morningstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>), executed a substantial insider sell on August 13, according to an SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289419/000128941924000070//Archives/edgar/data/1289419/000128941924000070/0001289419-24-000070-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday outlined that Kaplan executed a sale of 1,250 shares of Morningstar with a total value of $381,837.
The latest market snapshot at Wednesday morning reveals Morningstar shares down by 0.0%, trading at $310.05.
<h3>Delving into Morningstar's Background</h3>
Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research. It offers data on investments such as mutual funds, stocks, exchange-traded funds, closed-end funds, separate accounts, and variable annuities. Further, the company tracks real-time market data of equity, derivative, currency exchanges, and other investments. In its research operation, Morningstar offers analyst research on passive and active mutual funds, alternative funds, and college saving plans. Morningstar's largest share of revenue is generated in the United States of America.
<h3>A Deep Dive into Morningstar's Financials</h3>
Revenue Growth: Over the 3 months period, Morningstar showcased positive performance, achieving a revenue growth rate of 13.31% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 61.06%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Morningstar's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.61.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.75, caution is advised due to increased financial risk.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Morningstar's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 54.3.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 6.15 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Morningstar's EV/EBITDA ratio stands at 24.36, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289419">Check Out The Full List Of Morningstar's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Selling: Steven Kaplan Unloads $381K Of Morningstar Stock

BMO Capital analyst Jeff Silber initiates coverage on Morningstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) with a Outperform rating and announces Price Target of $352.

BMO Capital Initiates Coverage On Morningstar with Outperform Rating, Announces Price Target of $352

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Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

Revealing a significant insider sell on July 31, Joseph Daniel Dunn, Chief Revenue Officer at Morningstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>), as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001289419/000128941924000062//Archives/edgar/data/1289419/000128941924000062/0001289419-24-000062-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday outlined that Dunn executed a sale of 1,600 shares of Morningstar with a total value of $513,424.
At Thursday morning, Morningstar shares are down by 0.0%, trading at $317.65.
<h3>About Morningstar</h3>
Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors. The company focuses its operations on two core sectors: data and research. It offers data on investments such as mutual funds, stocks, exchange-traded funds, closed-end funds, separate accounts, and variable annuities. Further, the company tracks real-time market data of equity, derivative, currency exchanges, and other investments. In its research operation, Morningstar offers analyst research on passive and active mutual funds, alternative funds, and college saving plans. Morningstar's largest share of revenue is generated in the United States of America.
<h3>Morningstar's Economic Impact: An Analysis</h3>
Revenue Growth: Morningstar displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 13.31%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 61.06%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Morningstar exhibits below-average bottom-line performance with a current EPS of 1.61.
</li>
</ul>
Debt Management: Morningstar's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.75, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: Morningstar's current Price to Earnings (P/E) ratio of 55.63 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 6.3, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 24.93 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001289419">Check Out The Full List Of Morningstar's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Morningstar Recent Insider Activity

U.S. stocks were higher, with the Dow Jones index gaining more than 1% on Thursday.
Shares of International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) rose during Thursday's session following strong <a href="https://www.benzinga.com/news/24/07/39961144/why-ibm-stock-is-trading-higher-on-thursday">quarterly earnings</a>.
IBM reported quarterly earnings of $2.43 per share, which beat the analyst consensus estimate of $2.19. Quarterly sales clocked in at $15.8 billion, which beat the analyst consensus estimate of $15.616 billion.
IBM shares gained 6.4% to $195.75 on Thursday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) shares surged 28.2% to $64.64 after the company reported better-than-expected second-quarter EPS results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) jumped 25.2% to $16.72. The company announced the successful completion of its first five commercial satellites.</li>
<li>Bally&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALY#NYSE">BALY</a>) shares rose 24.2% to $16.80. Bally&#8217;s entered into merger agreement with affiliates of Standard General L.P.</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) gained 18.3% to $341.39 following better-than-expected quarterly earnings.</li>
<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) jumped 16.3% to $141.59 after the company reported better-than-expected quarterly financial results.</li>
<li>RPC, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) rose 15.1% to $6.64 following upbeat earnings.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) rose 13.7% to $831.97 after the company reported better-than-expected second-quarter financial results.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) jumped 13.6% to $19.05.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) gained 13.1% to $69.09 after the company reported better-than-expected second-quarter financial results.</li>
<li>Helmerich &amp; Payne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) gained 12.5% to $42.46 following third-quarter results.</li>
<li>CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) surged 11.7% to $109.87 after the company raised its 2024 guidance.</li>
<li>Valmont Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) climbed 11.1% to $300.96 following upbeat earnings.</li>
<li>Lazard, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) rose 11% to $48.08 following better-than-expected quarterly earnings.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) rose 10.7% to $571.01 after the company reported better-than-expected quarterly adjusted EPS and sales.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) gained 10.5% to $128.36 following upbeat earnings.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) surged 10.2% to $5.80.</li>
<li>Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>) rose 10.1% to $32.81.</li>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) gained 10.1% to $53.92 following second-quarter results.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) shares climbed 9.6% to $565.64 after the company reported better-than-expected second-quarter adjusted EPS and sales.</li>
<li>Mr. Cooper Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NYSE">COOP</a>) gained 9.5% to $94.86 following second-quarter results.</li>
<li>RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) climbed 9.2% to $121.14 after the company reported better-than-expected quarterly earnings.</li>
<li>Oceaneering International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OII#NYSE">OII</a>) rose 9.2% to $27.79 following strong sales.</li>
<li>Masco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>) gained 8.1% to $76.27 after the company reported better-than-expected second-quarter earnings.</li>
<li>Universal Health Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) rose 8.1% to $201.00 after the company reported better-than-expected second-quarter earnings and increased FY 2024 guidance.</li>
<li>RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) climbed 8% to $113.24 following a second-quarter earnings beat.</li>
<li>Morningstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) rose 7.8% to $328.71. The company reported second-quarter financial results yesterday.</li>
<li>Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) gained 7.4% to $67.36 after the company reported better-than-expected second-quarter financial results.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) rose 7.4% to $262.60.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares rose 6.1% to $173.75.</li>
<li>Unilever PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UL#NYSE">UL</a>) gained 5.9% to $59.90 following HI results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/07/39961795/apple-to-rally-around-10-here-are-10-top-analyst-forecasts-for-thursday">Apple To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Thursday</a></li>
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Intraday Update

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IBM Posts Upbeat Earnings, Joins ServiceNow, Helmerich & Payne, RTX, Nasdaq And Other Big Stocks Moving Higher On Thursday

Morningstar shares are trading higher. The company reported Q2 financial results yesterday.

Morningstar Q2 Total Revenue $571.9M; EPS $1.60

Morningstar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) has outperformed the market over the past 10 years by 5.06% on an annualized basis producing an average annual return of 16.05%. Currently, Morningstar has a market capitalization of $13.06 billion. 
Buying $1000 In MORN: If an investor had bought $1000 of MORN stock 10 years ago, it would be worth $4,480.67 today based on a price of $305.55 for MORN at the time of writing.
<h3>Morningstar's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721071853_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Morningstar Stock In The Last 10 Years

AssetMark Financial Holdings Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amk#NYSE">AMK</a>) wholly-owned subsidiary AssetMark Inc. entered into a strategic coalition with Morningstar Wealth, a division of Morningstar Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/morn#NASDAQ">MORN</a>). The transaction, approved by the board of directors of both companies, is expected to be closed in the second half of 2024, subject to regulatory approvals. 
AssetMark will acquire roughly $12 billion in assets from Morningstar Wealth Turnkey Asset Management Platform (&quot;TAMP&quot;) as part of the alliance. AssetMark&#39;s platform, which offers top-tier service, advisor technology, business consulting and a diligently selected group of investment strategists, will be accessible to financial advisors and clients on Morningstar Wealth&#39;s TAMP. 
Further, AssetMark&#39;s financial advisors will gain access to a broad range of model portfolios and separately managed accounts managed by the investment management team of Morningstar, having more than $290 billion of assets under management and advisement worldwide. Morningstar Wealth will integrate into AMK&#39;s platform as a third-party strategist and continue broadening its investment services range. 
Michael Kim, CEO of AssetMark, said, &quot;This relationship represents best-in-class firms strategically aligning to provide innovative solutions and high-quality service to financial advisors and their clients.&quot; 
Daniel Needham, president of Morningstar Wealth, said, &quot;We are aligning our efforts with a clear vision to combine the strengths of our unique capabilities, enabling the advisors we support to serve investors more effectively.&quot; 
This move aligns with AMK&#39;s organic growth strategy through competitive and diversified strategies. The company has been engaged in opportunistic buyouts as well. 
AssetMark is a seasoned acquirer and integrator with a proven history of executing transactions that boost the value it offers to advisors and enable them to serve their clients holistically and efficiently. In 2022, it acquired Adhesion Wealth Advisor Solutions Inc., a prominent wealth management technology solutions provider, adding $6.9 billion in platform assets. In 2021, AMK acquired Voyant, Inc., a global provider of SaaS-based financial planning solutions, while in 2020, it acquired OBS Financial Services, Inc. 
AssetMark&#39;s shares have gained 17.2% in the past six months compared with the industry&#39;s 8.6% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f2/69276.jpg?v=929688564" /> 
Image Source: Zacks Investment Research
AMK presently carries a Zacks Rank #4 (Sell).
<h3>Other Financial Services Firms Taking Similar Steps</h3>
Earlier this month, Stifel Financial Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sf#NYSE">SF</a>) and Lord Abbett, LLC entered into a joint agreement to establish a leveraged lending joint venture &mdash; SBLA Private Credit. This new entity will concentrate on the origination and management of existing loans to small and mid-sized portfolio companies of financial sponsors, thus augmenting the existing capabilities of both firms. 
SBLA Private Credit integrates two of the industry&#39;s most established brands, offering extensive middle-market coverage and is known for its strategic growth and disciplined risk management. Through the combination of SF&#39;s robust full-service platform and established direct lending proficiency with Lord Abbett&#39;s solid leveraged credit presence and substantial capital base, SBLA Private Credit remains uniquely poised for success in the existing origination market. 
Last month, T. Rowe Price Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trow#NASDAQ">TROW</a>) announced a partnership with Ascensus to support its 529 business. This collaboration aims to strengthen the company&#39;s commitment to enhancing the education savings journey for 529 account owners. 
The partnership between TROW and Ascensus is set to improve the online platform and mobile experience for account holders. This collaboration will also ensure strong investment management while maintaining a high level of security that safeguards customers&#39; personal information.
<a href="https://www.zacks.com/stock/news/2291383/assetmark-amk-morningstar-wealth-form-strategic-alliance?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2291383">To read this article on Zacks.com click here.</a>

AssetMark & Morningstar Wealth Form Strategic Alliance

AssetMark Announces Strategic Alliance With Morningstar Wealth; Acquires $12B In Assets From Morningstar Wealth's Turnkey Asset Management Platform; Financial Advisors And Clients To Gain Access To AssetMark's Platform With Seamless Account Migration

The Nasdaq 100 closed higher by around 0.3% on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Wynn Resorts</h3>
<ul>
<li>The Trade: Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) Director Betsy S Atkins <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,446 shares</a> at an average price of $94.39. The insider received around $230,878 from selling those shares.</li>
<li>What's Happening: On May 23, Argus Research analyst John Staszak upgraded Wynn Resorts from Hold to Buy and announced a $110 price target.</li>
<li>What Wynn Resorts Does: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Morningstar</h3>
<ul>
<li>The Trade: Morningstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) Executive Chairman Joseph D Mansueto <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 6,197 shares</a> at an average price of $297.28. The insider received around $1.84 million from selling those shares.</li>
<li>What's Happening: Morningstar said Rod Diefendorf will be appointed the next leader of PitchBook as President and Chief Operating Officer.</li>
<li>What Morningstar Does: Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors.</li>
</ul>
<h3 class="wp-block-heading">DoorDash</h3>
<ul>
<li>The Trade: DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) General Counsel and Secretary Tia Sherringham <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 11,740 shares</a> at an average price of $110.46. The insider received around $1.3 million from selling those shares.</li>
<li>What's Happening: On May 1, DoorDash reported quarterly losses of 6 cents per share which missed the analyst consensus estimate of losses of 4 cents by 50%.</li>
<li>What DoorDash Does: Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US.</li>
</ul>
<h3 class="wp-block-heading">Hanover Insurance Group</h3>
<ul>
<li>The Trade: The Hanover Insurance Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) Director Jane D Carlin <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,119 shares</a> at an average price of $132.25. The insider received around $147,987 from selling those shares.</li>
<li>What's Happening: On May 1, Hanover Insurance posted upbeat quarterly earnings.</li>
<li>What Hanover Insurance Group Does: The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/39055083/advance-auto-parts-ooma-and-3-stocks-to-watch-heading-into-wednesday">Advance Auto Parts, Ooma And 3 Stocks To Watch Heading Into Wednesday</a>

DASH

WYNN

DoorDash, Wynn Resorts And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed lower by over 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Kirby</h3>
<ul>
<li>The Trade: Kirby Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) Director Richard J Alario <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $121.39. The insider received around $303,475 from selling those shares.</li>
<li>What's Happening: On April 25, Kirby reported better-than-expected first-quarter EPS and sales.</li>
<li>What Kirby Does: Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<h3 class="wp-block-heading">Group 1 Automotive</h3>
<ul>
<li>The Trade: Group 1 Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) SVP and CFO Daniel James McHenry <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,437 shares</a> at an average price of $309.61. The insider received around $754,520 from selling those shares.</li>
<li>What's Happening: On May 9, Group 1 Automotive board approved a new $250 million share repurchase authorization and declared a quarterly dividend.</li>
<li>What Group 1 Automotive Does: As of year-end 2023, Group 1 owns and operates 41 collision centers and 199 automotive dealerships in the US and the UK, offering 35 brands of automobiles altogether.</li>
</ul>
<h3 class="wp-block-heading">Archer-Daniels-Midland</h3>
<ul>
<li>The Trade: Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) Vice Pres., Corp. Controller Fruit Molly L Strader <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 6,904 shares</a> at an average price of $60.73. The insider received around $419,280 from selling those shares.</li>
<li>What's Happening: On April 30, the company reported first-quarter adjusted earnings per share of $1.46, beating the analyst consensus of $1.36.</li>
<li>What Archer-Daniels-Midland Does: Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities.</li>
</ul>
<h3 class="wp-block-heading">Morningstar</h3>
<ul>
<li>The Trade: Morningstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) Executive Chairman Joseph D Mansueto <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 13,009 shares</a> at an average price of $299.03. The insider received around $3.89 million from selling those shares.</li>
<li>What's Happening: Morningstar said Rod Diefendorf will be appointed the next leader of PitchBook as President and Chief Operating Officer.</li>
<li>What Morningstar Does: Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38984458/top-5-tech-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month</a>

Archer-Daniels-Midland, Morningstar And 2 Other Stocks Insiders Are Selling

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