Stephen Yacktman Age 47 education Bachelor's and Master's degrees, Brigham Young University Professional the Walt Disney Background Has worked in varying capacities at Yacktman Asset Management since 1993; became chief investment officer in 2013. outside interests Charitable organizations, kiteboarding Compared to Pepsi, its not hard to see why a major hedge fund would buy more shares of Oracle. Matthew McConaughey's House. Pepsis most recent analyst rating, from Kevin Grundy at Jefferies, is a Hold. Grundy gives the stock a $105 price target, implying a downside of 9.41%. Don and Stephen had shared the CIO title during the past seven years. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. As part of the deal with AMG, Brian Yacktman cannot attach his familys name to his business or mutual funds. "My hope is that this new lab will help Buffalo Grove students develop workforce skills and provide training that leads them to careers of all kinds," Yacktman said, noting the demand for skilled workers in areas like manufacturing. Previously, Stephen was a Manager at AMG and also held positions at Brigham Young University. Thank you for your interest in Yacktman Asset Management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. This will be the sixth of13 Artisan funds to close to new investors. Chase joined Yacktman Asset Management in 2009. "This is an area that we know our students are interested in. It is the largest single gift in the school's. Managed by Stephen Yacktman and Jason Subotky, the Austin, Texas-based fund seeks to achieve long-term capital appreciation and current income by combining elements of both growth and value. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. It is the largest single gift in the schools 46-year history. Yacktman is known for keeping away from bank stocks, but USB has been part of the portfolio since 2011. Gear advertisements and other marketing efforts towards your interests. Our firm is owned by its partners including Chief Investment Officer Stephen Yacktman, Portfolio Managers Jason Subotky, Adam Sues, and Russell Wilkins, Chief Financial Officer Keith Thatcher, Chief Operating Officer James Carmody, founder Don Yacktman, and majority owner Affiliated Managers Group, Inc. Yacktman Asset Management is an affiliate of Affiliated Managers Group, Inc. (AMG), a publicly traded global asset management company with equity investments in leading boutique investment management firms, including Yacktman. He has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002 and AMG Yacktman Global Fund since inception. "Buffalo Grove High School, and the opportunities I received there, placed me on a path to success and helped me become the person I am today," said Yacktman. Congrats! Buffalo Grove High School, and the opportunities I received there, placed me on a path to success and helped me become the person I am today," said Yacktman, who was involved in the arts and athletics while in high school and then attended Brigham Young University, where he graduated with an economics degree and MBA. Please. He joined the firm in 2013, and is the portfolio manager for the AMG Yacktman Special Opportunities Fund. The management guided to 100-150 bps positive operating leverage for full-year 2019, driven by both revenue growth and expense control. His price target, $54, suggests a 5.24% upside potential to the stock. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. Mr. Sues is Partner and Portfolio Manager at Yacktman Asset Management. Steve and Ellyn have four children. It is another positive sign that the fund's parent company is continuing to emphasize shareholders' interests over asset growth. Snyder has worked as an analyst for the funds' advisor, Everence Capital Management, since 1999, including contributing ideas to Praxis Intermediate Income and separate accounts. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. Yacktman, chief investment officer at Austin, Texas-based Yacktman Asset Management, told District 214 foundation officials that he attributes much of his success in life to his experiences at Buffalo Grove High, where he took advanced placement classes and was involved in the arts and athletics. Hes also sanguine about the restricted use of the family name. It is also the #9 holding of Yacktman Asset Management, comprising 3.34% of the total. Ploplys, who taught physics and chemistry courses, said he enjoyed his teaching career -- especially when he could help make an impact on students like Yacktman. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Steve was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. Praxis Names Comanagers to Allocation and Index Funds In mid-June, Delmar King and Benjamin Bailey were named comanagers of Praxis Genesis Balanced (MBAPX), Praxis Genesis Growth (MGAFX), and Praxis Genesis Conservative (MCONX). It provides opportunities for namings, sponsorships, advertising, planned giving, scholarships and other student-supporting assistance. Michael Salm, who co-heads Putnam's fixed-income group, will continue to serve as lead manager of Putnam US Government Income and Putnam American Government Income. She joined Yacktman in 2013. A blog showcasing how students in High School District 214 are college ready, career ready and life ready. Copyright 2023 WLS-TV. Stephen has been a comanager on the fund since 2002 and began at the firm more than 20 years ago. Artisan Small Cap Closing to New Investors Silver-rated Artisan Small Cap(ARTSX) will close to most new investors on Aug. 2, 2013. Yacktman remains in touch with him. This site is protected by reCAPTCHA and the Google And then the third thing is, over a cycle, beating the S&P 500 -not necessarily year by year, but over a cycle. A steady dividend is part of that return on investment. Yacktman Asset Management has increased holdings in four of its top ten stocks, according to 13F filings. The software company has a brighter outlook from the market analysts, even though the analyst opinion is very much split between the Buys and the Holds.. Media Manager for High School District 214, handling media relations and social media. Township High School District 214 2121 South Goebbert Road, Arlington Heights, IL 60005 www.d214.org, Buffalo Grove graduate donates $1 million to establish Saulius Ploplys robotics lab, Elk Grove senior reflects on opportunities that helped shape her future, Eight District 214 educators shine as innovators, 25 years later, retired D214 superintendent continues to recognize students. The analyst ratings on USB are 4 Buys, 4 Holds, and 1 Sell, giving a Moderate Buy on consensus. Jason is a member of the Management Committee. Having a different name helps eliminate confusion in the marketplace, he says. He was also the CIO and head analyst at the student-run Silicon Valley Fund. No. Mr. Thatcher is Partner and Chief Financial Officer at Yacktman Asset Management. Chief Investment Officer Stephen Yacktman leads our experienced investment team. Five-star financial blogger Matthew Utesch dove in-depth into PEPs financials last month, and came to an optimistic bottom line: I expect that Pepsi will continue to see different segments generate revenue and operating profit in a much more balanced distribution than it currently has today. Along with Pepsis reliable (and profitable) dividend, takes a Buy position on PEP. Molly began her career as an investment banking analyst in New York. Ms. Buie holds a bachelors degree in Nutrition and Dietetics from Texas Christian University. The lab will be named for Ploplys and his legacy. But that didnt come through, Brian recalls. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. I am not receiving compensation for it. Don was named Morningstars Portfolio Manager of The Year in 1991. Copyright 2023 Morningstar, Inc. All rights reserved. Mr. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager at Yacktman Asset Management. Courtesy of Northwest Suburban High School District 214. I am not receiving compensation for it. Who is Stephen A. Smith's wife? "This is an incredible gift that pays tribute to the education Mr. Yacktman received in our schools and also funds future generations of students," said Erin Brooks, District 214 Education Foundation executive director. Stephen Yacktman is Chief Investment Officer and Portfolio Manager of Yacktman Asset Management. Dies geschieht in Ihren Datenschutzeinstellungen. Market analysts are giving SYY more positive ratings than negative, with two of the last three new reviews decidedly upbeat. Yacktman does not endorse this web site, its sponsor, or any of the policies, activities, products or services offered on the site, or by any advertiser on the site. Fund analysts Robert Goldsborough and Flynn Murphy contributed to this report. Molly holds a BBA from William and Mary and an MBA from Harvard. Prior to JatoTech, Molly was a Principal at Boston Consulting Group, and she was part of the initial team that established the Dallas office for the firm. Prior to joining the Firm in 2013, Keith worked at Bridgepoint Consulting LLC, where he was a CFO-level consultant for various companies. He points to impending layoffs and softness in growth, and suggests a downside of 20% with a $54 price target. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. I wrote this article myself, and it expresses my own opinions. George downgraded the stock to Hold, while Biggar reiterated his Buy rating and set a $61 price target. Stephen started his career as an analyst and commentator during his time in college. While in school, Jon worked independently as a research analyst publishing stock write-ups emphasizing fundamental analysis. Alan Topfer's House. Before joining Highside, Molly was a co-founder of JatoTech Ventures, an early-stage technology venture capital firm. Sysco is a big player in the food service industry, mainly catering to restaurants, hospitals and schools, hotels and inns, and other companies that provide wholesale food and foodservice. TipRanks is the most comprehensive data set of sell side analysts, hedge fund managers, financial bloggers, and corporate insiders. Putnam Fixed-Income Manager Leaves Firm On July 29, Daniel Choquette stepped downas a comanager of Putnam US Government Income (PGSIX), Putnam American Government Income , and Putnam Income (PINCX), and also has left the firm. Ms. The Citywire + rated manager runs the $846m Heptagon Yacktman US Equity fund alongside Jason Subotky. The business got started with $1.5 million from a relative. The fund's soft close is a shareholder-friendly move that should allow its managers to maintain the flexibility to make significant investments in their best ideas. "When I first got the call that we had a donor willing to really help us expand manufacturing, it brought chills," Principal Jeff Wardle said. Morningstar Fund Analysts does not own (actual or beneficial) shares in any of the securities mentioned above. The student and teacher still stay in touch, having taken a zero-gravity airplane flight together. I wrote this article myself, and it expresses my own opinions. by Kate Marin. It is also the first Artisan fund to close to new investors since the fund's advisor, Artisan Partners Asset Management, went public earlier this year. By jdubble07 @ 2015-07-02 08:24:15. The university now has raised about $500 million for the new campus, which would be part of Columbia Universitys Manhattanville complex in New York City, according to a report from Reuters. Is this happening to you frequently? Ms. Buie is Chief Compliance Officer at Yacktman Asset Management. "My hope is that this new lab will help Buffalo Grove students develop workforce skills and provide training that leads them to careers of all kinds," Yacktman said, who said there is a demand for skilled workers in areas like manufacturing. Courtesy of Northwest Suburban High School District 214, Paddock Publications, Inc. is an Employee-Owned Company. Yacktman owns this 9,300 sqft home as well as the baseball diamond next door. Thank you for your interest in Yacktman Asset Management. For more information, visit www.214foundation.org. The average price target is $57, and the current share price is $51, suggesting an upside to 11%. Stephen's current home is located at Austin, TX. He was awarded the 1994 Portfolio Manager of the Year by Mutual Fund Letter. Don was a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund until 2016. Steve earned his MBA from BYU. Residential Links: www.dmagazine.com By: jdubble07 Advertisement Around the World Mailing List Advertisement Stephen Yacktman's House Bobby Epstein's House Paul Rogge's House Texas Capitol View Corridor - 360 Lookout Geoff Hangartner's House Today, Stephen is the fund's. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. 2018 Township High School District 214. In an initial conversation with the Foundation, he noted that he attributes much of his success in life to his experiences at Buffalo Grove High School. Pepsi offers two major advantages for the long-term investor. @ 30.327069, -97.832923. Our Team Stephen Yacktman Jason Subotky Russell Wilkins Adam Sues Molly Pieroni Chase Frock, CFA Brandt Dusthimer, CFA Jon Danielson Donald Yacktman The 3% increase in Q4 2018 was the first time the fund purchased additional shares of this holding. Terms of Service apply. Smith's wife is Hope Dworaczyk, a Playboy model, TV host and reality television personality. 1 is protecting our client's money. Oracle is a leader in database software, database management systems, and cloud systems. In 2006 he was named Co-Chief Investment Officer of Yacktman Asset Management. Don holds a B. S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. He is co-portfolio manager of the AMG Yacktman Funds and chief investment officer of Yacktman Asset Management. The most recent in-depth review of Oracle stock comes from the financial blogger Valuentum, ranked #53 overall in the TipRanks blogger database. Artisan to close Artisan Small Cap to new investors, Putnam fixed-income manager Daniel Choquette departs, and Praxis adds comanagers to its allocation and index funds. Over the years, the $8 billion fund has undergone some changes, moving from its deep-value roots toward a more blended growth and value style mix. AMG does not have any role in the day-to-day management of Yacktman. Yacktman, who grew up in Arlington Heights, is chief investment officer at Yacktman Asset Management. Mr. Donald Yacktman is Partner and Portfolio Manager of Yacktman Asset Management. A typical Buy opinion comes from Piper Jaffray analyst Alex Zukin, who wrote in mid-December: [B]uybacks remain the primary driver of earnings growth the company is making clear progress in its applications business. Zukins $52 price target suggests a minor-league upside of 1.9%. Wed like to share more about how we work and what drives our day-to-day business. The teacher and student reconnected eight years ago when Ploplys called to inquire about a fund Yacktman administers. Stephen A. Smith is perhaps the most outspoken sports analyst in the world. Also, Mario Gabelli makes a very large gift to his alma mater. Prior to that, he worked as a performance analyst for Atlantic Trust Private Wealth Management. We work frequently with alumni who wish to pay tribute to teachers who changed their lives, and these gifts repeatedly demonstrate the positive impact of public education.". Despite a reputation for avoiding bank stocks, Yacktman increased US Bancorp holdings by 5%. He was beloved among parents and students, many of whom were thankful for his excellent teaching abilities and sense of humor. In a pre-recorded segment for the show, the Duke of Sussex . Its a classic defensive stock, with an 8.1% growth rate over the last 10 years, and dividend increases over the last 46 consecutive (!) editorial policies. The well-known software company is Yacktmans #5 holding, and another that the hedge fund increased in Q4 last year. The common denominator in all of these stocks is the dividend factor. Yacktman has no control of the content or data shown on this site, and while Yacktman has no reason to doubt the reliability of the data shown, its accuracy is not guaranteed. The donation by Class of 1988 alumnus Stephen Yacktman and his wife, Ellyn, to the Northwest Suburban High School District 214 Education Foundation will go toward state-of-the-art lab equipment and supplies. She joined Yacktman in 2013. 2: Make an adequate return, a double-digit return, while holding on for five to 10 years. The $1.2 billion fund had more than $220 million in net inflows in the six months from October 2012 through March 2013, according to Morningstar data. It is the largest single gift in the school's 46-year history. Pepsi is Yacktmans third-largest holding, making up almost 11% of the portfolio, and with that background especially the dividend return the heavy investment makes more sense than a cursory glance would suggest. Stephen Yacktman is 52 years old and was born on 04/16/1970. On the negative side, Ajay Jain from Pivotal Research gives SYY its lone Sell rating. The current dividend payout is 93 cents per share, annualizing to a 3.2% yield. The lab will be named for Ploplys and his legacy. Its a steady, stable payout, and clearly one that Yacktman views as reliable he increased it by 3% in his portfolio. Mr. Carmody received a bachelors degree in Industrial and Labor Relations and a Master of Public Administration from Cornell University and an MBA from the MIT Sloan School of Management. While Yacktman says he has taken in and appreciates many of the investment lessons his father taught him, the YCG Enhanced Fund goes its own way on a number of fronts. A look at Yacktman Assets top ten holdings shows a highly diverse portfolio, perhaps with a bent toward food staples. A. in Business Administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Lets unpack them, with some help from TipRanks-rated Wall Street analysts. Choquette had comanaged the first two charges since 2005, and had been a named manager at Putnam Income since 2011. Don was nominated by Morningstar as Fund Manager of the Decade in 2009 and was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. When it comes to investing, Donald, Stephen and Brian Yacktman share a long family tradition. The YCG Enhanced Fund, which employs options strategies to reduce risk for its portfolio of around 30 stocks, has been doing that with finesse. While not one of the markets dividend champions, Oracle is certainly reliable in this area. Stephen Yacktman is officially on a stock-buying strike in the U.S. "We've been willing before to go down with the ship and say, . A Columbia Business School alum and noted mutual fund manager who was named Morningstar's 1997 Domestic-Stock Fund Manager of the Year, Gabelli will join forces with Pequot Capital Management founder Arthur Samberg, who has agreed to donate $25 million to the new facility. 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