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Morningstar ( (MORN) ) just unveiled an update.
Morningstar, Inc. announced a CFO transition with Michael Holt taking over from Jason Dubinsky effective January 1, 2025. The company expects continuity in strategy, focusing on increasing operating income and free cash flow to enhance shareholder value. Morningstar is also focusing on margin expansion, particularly in its PitchBook and Morningstar Retirement segments, by leveraging operating efficiencies and growing assets under management. Additionally, Morningstar announced a 12.3% increase in its quarterly dividend, reflecting its improved leverage position and commitment to capital allocation priorities.
More about Morningstar
Morningstar, Inc. operates in the financial services industry, offering a range of products and services including credit ratings, investment advisory, and data and analytics platforms. The company is focused on providinginvestment researchand management solutions to a diverse client base and aims to maintain growth across its various business segments.
YTD Price Performance: 26.02%
Average Trading Volume: 141,339
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.39B
For an in-depth examination of MORN stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
