Mr. Yacktman: Assets at the end of the most recent quarter were in excess of $11 billion for AMG Yacktman Focused Fund and $13 billion for AMG Yacktman Fund. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Furthermore, Yacktman takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites. If you have an ad-blocker enabled you may be blocked from proceeding. Hes not the only market watcher whos been looking at PepsiCo, however. Credit Suisses Judah Frommer concurs with Wolf, and gives SYY another Buy rating and $75 price target. 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. Stephen Yacktman is a Partner and Chief Information Officer and Portfolio Manager at Yacktman Asset Management based in Austin, Texas. We sell different types of products and services to both investment professionals and individual investors. Chief Investment Officer Stephen Yacktman leads our experienced investment team. He joined the firm in 2020 after working previously at Fidelity Investments and Affiliated Managers Group. As part of the deal with AMG, Brian Yacktman cannot attach his familys name to his business or mutual funds. Who is Stephen A. Smith's wife? Find out about Morningstars We aim to make Wall Street more transparent by highlighting which experts can consistently outperform the market, allowing investors to make the most informed investment decisions. Having a different name helps eliminate confusion in the marketplace, he says. However, he faced some controversies after a tape recording was . Chief Investment Officer Stephen Yacktman leads our experienced investment team. Ms. Buie is a Certified Securities Compliance Professional (CSCP) and a former board member of the National Society of Compliance Professionals. 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. Holding a core group of consumer products companies and older technology names such as Microsoft, Oracle and Cisco, Don's son Stephen and co-manager Jason Subotky have posted an annualized return of 11.43%. Stephen. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Yacktman Asset Management has increased holdings in four of its top ten stocks, according to 13F filings. By jdubble07 @ 2015-07-02 08:24:15. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. Fund analysts Robert Goldsborough and Flynn Murphy contributed to this report. Though his professional career is in the finance arena, he maintains a passion for manufacturing, engineering, science and technology. Our Team Stephen Yacktman Jason Subotky Russell Wilkins Adam Sues Molly Pieroni Chase Frock, CFA Brandt Dusthimer, CFA Jon Danielson Donald Yacktman 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. Lets unpack them, with some help from TipRanks-rated Wall Street analysts. Prior to founding the firm in 1992, Don served as Senior Portfolio Manager of Selected Financial Services, Inc. and was Portfolio Manager of the Selected American Shares mutual fund. Mr. Sues is Partner and Portfolio Manager at Yacktman Asset Management. The average price target is $57, and the current share price is $51, suggesting an upside to 11%. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Stephen Yacktman is Chief Investment Officer and Portfolio Manager of Yacktman Asset Management. Donald Yacktman may not be a household name like Warren Buffett, but he holds a similar reputation among investors. "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. Mr. Dusthimer is an Investment Analyst at Yacktman Asset Management. "In physics, we asked the big questions, like what's the nature of the universe?" Prior to that, he worked as a performance analyst for Atlantic Trust Private Wealth Management. Ploplys, who retired in 2003 after 34 years at Buffalo Grove and the former Arlington High School, said he was honored by the recognition, having received word from Yacktman about a month ago that he intended to make a donation in the former teacher's name. 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. Today, Stephen is the fund's. Thank you for your interest in Yacktman Asset Management. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. It gave us an opportunity early on to prove ourselves. By the firms 10th anniversary, YCG had nearly $500 million in assets under management. 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. From Oppenheimer, five-star analyst Chris Kotowski set out the bullish case, focusing on US Bancorps strong leverage position: The company again delivered positive operating leverage in the quarter and we expect it will continue to do so. Adam holds a B. 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. Courtesy of Northwest Suburban High School District 214. Please click OK below to leave the Yacktman site and proceed to the selected site. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. "We are truly inspired by the generosity of this contribution, and the opportunities it will provide for Buffalo Grove High School. He joined Yacktman Asset Management in April 1993 from Brigham Young University, where he earned . He was also the CIO and head analyst at the student-run Silicon Valley Fund. I am not receiving compensation for it. Buffalo Grove High School alumnus Stephen Yacktman, right, made a $1 million donation to the school for a science lab that will be named for his former teacher, Saulius Ploplys. The latest Yacktman to make his mark on the mutual fund world is Donalds 40-year-old son Brian, who founded YCG Investments in 2007 after working at his fathers firm for a few years. Don was a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund until 2016. Its the third largest software company, after Microsoft (MSFT) and Alphabet (GOOGL). Both funds follow a strategy that's heavy on government-backed mortgage securities, fitting Salm's expertise as head of the firm's mortgage team. When it comes to investing, Donald, Stephen and Brian Yacktman share a long family tradition. And now, just that fast, we can.". We employ an objective, patient, and diligent investment approach and seek to achieve superior investment returns over a full market cycle. Read our editorial policy to learn more about our process. Prior to joining the firm in 2015, Brandt worked independently studying accounting and investment research, publishing research reports and developing research analysis tools. Sie knnen Ihre Einstellungen jederzeit ndern. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. He founded Yacktman Asset Management in 1993, and has steered the company ever since. Courtesy of District 214, A 2,000-square-foot space inside Buffalo Grove High School will become a state-of-the-art robotics, manufacturing and biomedical health care innovation lab at the school, thanks to a generous donation from Class of 1988 alumnus Stephen Yacktman and his wife Ellyn. Smith's wife is Hope Dworaczyk, a Playboy model, TV host and reality television personality. The YCG Enhanced Fund, which employs options strategies to reduce risk for its portfolio of around 30 stocks, has been doing that with finesse. She joined Yacktman in 2013. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. This makes sense when you look at Yacktmans investing strategy, as he defined it back in 2011: No. Ms. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Market analysts are giving SYY more positive ratings than negative, with two of the last three new reviews decidedly upbeat. Also, Mario Gabelli makes a very large gift to his alma mater. Being a food wholesaler, Sysco is another defensive play for Yacktman. 2 followers 2 connections. "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. Their divorce was finalized after three years. Copyright 2023 WLS-TV. 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%. Jason is a co-manager for AMG Yacktman Focused Fund, AMG Yacktman Fund, and AMG Yacktman Global Fund. Though his professional career he said he's maintains a passion for manufacturing, engineering, science and technology. RALEIGH, N.C. A man convicted in a July 1995 bombing targeting his wife at an office building in north Raleigh will spend an additional 10 years in prison, according to U.S. Attorney Michael . The teacher and student reconnected eight years ago when Ploplys called to inquire about a fund Yacktman administers. The business got started with $1.5 million from a relative. He will continue to contribute ideas as a member of the portfolio team. Prior to MC2, she served on the leadership team of Highside Capital, a $5B global equity long short hedge fund based in Dallas and New York. The average price target is $57, and the current share price is $51, suggesting an upside to 11%. The student and teacher still stay in touch, having taken a zero-gravity airplane flight together. Develop and improve features of our offerings. It makes up 2.75% of the total holdings, after a 5% increase in the last quarter. Prior to joining the Firm in 2013, Keith worked at Bridgepoint Consulting LLC, where he was a CFO-level consultant for various companies. - on Jul 16, 2021. in The R&L. Efren Landaos/SOPA Images. You are now logged in. Furthermore, Yacktman takes no responsibility for the accuracy or factual correctness of any information posted to third party web sites. This makes sense when you . King and Bailey will support manager Chad Horning, who has led the funds since their December 2009 inception. While not one of the markets dividend champions, Oracle is certainly reliable in this area. The star who shared a daughter with his ex-wife was seen as a doting family man. 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. Your exam is being submitted. The members of this committee represent senior leadership and support by participating on the Operations Committee, Compliance Committee, Trading Committee, and Investment Committee. We make an investment with the intention of making money. Yacktman has a 1.53% stake in the company. As long as we can find investments at a price where we can expect an attractive return, we expect to be fully invested in most environments, he says. 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. 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. Previous to that he held senior finance and accounting roles at Financial Industries Corporation, Concero, Tanisys Technology, and Kinetic Concepts. 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