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

6/20/24 9:20:40 AM ET

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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

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
Morningstar Inc. $MORN	10/9/2024	$340.00	Buy → Neutral	Redburn Atlantic
Morningstar Inc. $MORN	10/8/2024	$390.00	Buy	UBS
Morningstar Inc. $MORN	8/12/2024	$352.00	Outperform	BMO Capital Markets
AssetMark Financial Holdings Inc. $AMK	4/26/2024	$37.00	Overweight → Neutral	JP Morgan
AssetMark Financial Holdings Inc. $AMK	4/25/2024		Outperform → Mkt Perform	William Blair
Morningstar Inc. $MORN	10/30/2023	$320.00	Neutral → Overweight	Redburn Atlantic
AssetMark Financial Holdings Inc. $AMK	1/23/2023	$24.00 → $32.00	Neutral → Overweight	JP Morgan
Morningstar Inc. $MORN	1/11/2023		Buy → Neutral	Redburn

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Leadership Updates

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AssetMark Completes Acquisition by GTCR, Launching New Era of Strategic Growth and Expansion
CONCORD, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- AssetMark Financial Holdings, Inc. ("the Company"), a leading wealth management technology platform for financial advisors, today began a new era of strategic growth and expansion by announcing the closing of its acquisition by GTCR, a leading private equity firm with substantial investment expertise in financial technology, wealth, and asset management. The closing of the acquisition marks a significant milestone in AssetMark's journey and concludes a successful, multiyear partnership with Huatai Securities. With the completion of the go-private transaction, AssetMark will now operate as an independent, privately owned company. Concurr
9/5/24 6:45:00 AM ET
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Morningstar Direct Web Services Brings Sophisticated Investment Data, Research, and Calculation APIs to Power Firms' Digital Platforms
The suite of APIs combines Morningstar's IP with powerful front-end functionality, empowering firms to innovate their digital investment capabilities CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, today announced the launch of Direct Web Services, a collection of application programming interfaces (APIs) that packages Morningstar's data, research, and calculation engines for financial services firms to use in their own digital solutions. Direct Web Services is complemented by a newly created global network of certified partners to seamlessly integrate API functionality for firms developing sophisticated websites
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Morningstar Sustainalytics and Morningstar Indexes Align to Strengthen Morningstar's ESG Offering
Two of Morningstar's fastest-growing product areas will together accelerate the company's ESG data, indexes, ratings, and research expansion CHICAGO, June 13, 2023 /PRNewswire/ -- Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, today announced that it will align the Morningstar Sustainalytics and Morningstar Indexes product areas under Morningstar Indexes President Ron Bundy. The move emphasizes Morningstar's ESG market leadership position and enhances its ability to comprehensively meet the evolving needs of investors. Morningstar provides a full suite of traditional and ESG market data and indexes, as well as ESG ratings and research, across multipl
6/13/23 10:00:00 AM ET
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Financials

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Morningstar, Inc. Reports Third-Quarter 2024 Financial Results
Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, posted double-digit third-quarter revenue growth while expanding operating margins. "Morningstar Credit led the way in the quarter with additional contributions from across the business supporting revenue and profit growth," said Kunal Kapoor, Morningstar's chief executive officer. "Our diverse portfolio continues to present opportunities for innovation and durable growth, including those arising from the accelerated convergence of public and private markets." The Company's quarterly shareholder letter provides more context on its quarterly results and business performance and can be found at sharehold
10/23/24 4:15:00 PM ET
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Morningstar, Inc. Declares Quarterly Dividend of 40.5 Cents Per Share
The board of directors of Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, today declared a quarterly dividend of 40.5 cents per share, consistent with the dividend paid in July. The dividend is payable Oct. 31, 2024, to shareholders of record as of Oct. 4, 2024. Please contact [email protected] with any questions. About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and private capit
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Morningstar, Inc. Reports Second-Quarter 2024 Financial Results
Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, posted double-digit second-quarter revenue growth while expanding operating margins. "Led by Morningstar Credit's strength across regions and asset classes, we finished the first half of 2024 on a high note," said Kunal Kapoor, Morningstar's chief executive officer. "We remain focused on durable growth in adjusted operating income. Our teams are delivering product enhancements to customers, including the addition of collateralized loan obligation data to PitchBook, and the integration of our Intelligence Engine into Advisor Workstation, which will allow advisors to further automate client workflows."
7/24/24 4:15:00 PM ET
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AssetMark and Cheetah Deliver a Unified Wealth Management Solution, Driving Growth and Efficiency for Financial Institutions
CONCORD, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- AssetMark, Inc., a leading provider of wealth management and technology solutions for financial advisors, and Cheetah, a cloud-based trust accounting system, are proud to announce the continued success of their strategic collaboration. Since joining forces, they have delivered a unified wealth management solution that is driving growth, efficiency, and profitability for financial institutions like First State Bank (FSB), Texas' oldest state-chartered bank. Since January 2024, FSB has been leveraging this integrated solution, developed through the AssetMark-Cheetah partnership, resulting in significant operational improvements and position
11/14/24 11:30:00 AM ET
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Morningstar Releases Medalist Ratings for 529 College-Savings Plans, Including 11 Upgrades and Nine Downgrades
Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, today announced Morningstar Medalist Ratings™ for 59 of the nation's most prominent 529 college-savings plans. These plans account for more than 95% of 529 industry assets as of Aug. 31, 2024. The Medalist Ratings reflect Morningstar manager research analysts' forward-looking views of which plans are best suited to help investors reach their goals. It has five tiers—Gold, Silver, Bronze, Neutral, and Negative. This year, Morningstar analysts assigned five Gold ratings, 14 Silver ratings, 13 Bronze ratings, 21 Neutral ratings, and six Negative ratings to the 529 plans. "Our 2024 assessment of 529 educati
10/29/24 9:00:00 AM ET
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Morningstar Chief Financial Officer Jason Dubinsky to Depart
Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, today announced Jason Dubinsky, chief financial officer, will step down from his role at the end of the year to pursue other interests. Chief Executive Officer Kunal Kapoor said, "Jason has been an exemplary CFO and leader. He lives Morningstar's values every day and has created significant value for shareholders during his seven-plus years here. Jason has helped position the company for continued durable growth and, on behalf of the Morningstar team, I want to thank him for his leadership, stewardship, and friendship." Dubinsky joined Morningstar in 2017 and has been the firm's chief financial officer
10/23/24 4:18:00 PM ET
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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

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Recent Analyst Ratings for $AMK$MORN

$AMK$MORN Leadership Updates

Live Leadership Updates

AssetMark Completes Acquisition by GTCR, Launching New Era of Strategic Growth and Expansion

Morningstar Direct Web Services Brings Sophisticated Investment Data, Research, and Calculation APIs to Power Firms' Digital Platforms

Morningstar Sustainalytics and Morningstar Indexes Align to Strengthen Morningstar's ESG Offering

$AMK$MORN Analyst Ratings

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Morningstar downgraded by Redburn Atlantic with a new price target

UBS initiated coverage on Morningstar with a new price target

BMO Capital Markets initiated coverage on Morningstar with a new price target

$AMK$MORN SEC Filings

Morningstar Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Morningstar Inc.

Morningstar Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

$AMK$MORN Financials

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Morningstar, Inc. Reports Third-Quarter 2024 Financial Results

Morningstar, Inc. Declares Quarterly Dividend of 40.5 Cents Per Share

Morningstar, Inc. Reports Second-Quarter 2024 Financial Results

$AMK$MORN Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Morningstar Inc.

Amendment: SEC Form SC 13G/A filed by Morningstar Inc.

Amendment: SEC Form SC 13D/A filed by AssetMark Financial Holdings Inc.

$AMK$MORN Press Releases

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AssetMark and Cheetah Deliver a Unified Wealth Management Solution, Driving Growth and Efficiency for Financial Institutions

Morningstar Releases Medalist Ratings for 529 College-Savings Plans, Including 11 Upgrades and Nine Downgrades

Morningstar Chief Financial Officer Jason Dubinsky to Depart

$AMK$MORN Insider Trading

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$AMK$MORN Market Insights

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Director Landis Gail S gifted 337 shares, decreasing direct ownership by 6% to 5,449 units (SEC Form 4)

Executive Chairman Mansueto Joseph D sold $3,127,631 worth of shares (9,337 units at $334.97), decreasing direct ownership by 0.09% to 10,779,041 units (SEC Form 4)

Chief Financial Officer Dubinsky Jason was granted 22 shares, converted options into 601 shares and covered exercise/tax liability with 277 shares, increasing direct ownership by 2% to 20,527 units (SEC Form 4)

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

Morningstar Q2 Total Revenue $571.9M; EPS $1.60

AssetMark Financial Hldgs Q2 2024 Sales $198.491M Beat $152.099M Estimate

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Leadership Updates

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Large Ownership Changes

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