Its a classic defensive stock, with an 8.1% growth rate over the last 10 years, and dividend increases over the last 46 consecutive (!) Being a food wholesaler, Sysco is another defensive play for Yacktman. Ploplys said. Stephen Yacktman, 49, started as an analyst at his father Donald's firm in the early 1990s and began co-managing the flagship fund with Donald in the early 2000s. On July 25, Don Yacktman announced that his son, Stephen Yacktman, had taken over as sole chief investment officer of Yacktman Asset Management, the subadvisor to Gold-rated Yacktman(YACKX) and Silver-rated Yacktman Focused (YAFFX). Lets unpack them, with some help from TipRanks-rated Wall Street analysts. 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. 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. Though his professional career is in the finance arena, he maintains a passion for manufacturing, engineering, science and technology. The current dividend payout is 93 cents per share, annualizing to a 3.2% yield. "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. While in school, Jon worked independently as a research analyst publishing stock write-ups emphasizing fundamental analysis. One of the fund's other comanagers, Kevin F. Murphy, was also removed as a comanager on July 29. 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. In addition to the funding he provided, he has offered expertise and direction in creating a lab that will be innovative and one-of-a-kind, ensuring students have opportunities to try new things and leave high school college and career ready. Dies geschieht in Ihren Datenschutzeinstellungen. Back then, technology stocks were . Despite its high status in Yacktmans portfolio, PEP shares are the weakest of the major holdings that the fund increased this past quarter. In addition to the funding he provided, he has offered expertise and direction in creating a lab that will be innovative and one-of-a-kind, ensuring students have opportunities to try new things and leave high school college and career ready. That theme of diversity has only been enhanced now that the 13F filings are available Yacktman increased holdings in 4 of its top ten stocks, including retail food company, a wholesale food company, a software company, and a major bank. Gear advertisements and other marketing efforts towards your interests. 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. 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. He never seems to run out of words. The 3% increase in Q4 2018 was the first time the fund purchased additional shares of this holding. Like the other stocks in this list, USB pays out a steady dividend. Hes not the only market watcher whos been looking at PepsiCo, however. editorial policies. In June, class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated $1 million to support the creation of a state-of-the-art-robotics, manufacturing and biomedical healthcare innovation lab at Buffalo Grove High School. I wrote this article myself, and it expresses my own opinions. 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. Stephen has worked on the fund since 1993 and has been a comanager since year-end 2002. Chase joined Yacktman Asset Management in 2009. How we use your information depends on the product and service that you use and your relationship with us. We sell different types of products and services to both investment professionals and individual investors. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. Chief Investment Officer Stephen Yacktman leads our experienced investment team. A Buffalo Grove High School alumnus has donated $1 million to support the creation of a state-of-the-art robotics, manufacturing and biomedical healthcare innovation lab at the school. A closer look at Smith's love life. During the. Thank you for your interest in Yacktman Asset Management. The new school facility is targeted for a 2018 opening. Yacktman also invited Ploplys to the Class of 1988 reunion last year. BYU Marriott School of Business Home Page. Previously, Stephen was a Manager at AMG and also held positions at Brigham Young University. Who is Stephen A. Smith's wife? 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. I am not receiving compensation for it. Please click OK below to leave the Yacktman site and proceed to the selected site. 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. Ms. Yacktman, who grew up in Arlington Heights, is chief investment officer at Yacktman Asset Management. The foundation's executive director, Erin Brooks, said Yacktman made the donation in honor of Saulius Ploplys, his former AP Physics teacher who was a major influence on him. The Yacktman Cometh: An Exclusive Interview with Value Guru Stephen Yacktman, Chief Investment Officer and Portfolio Manager of Yacktman Asset Management The Yacktman Cometh: An Exclusive. You are now logged in. Please. Mr. Thatcher is Partner and Chief Financial Officer at Yacktman Asset Management. Between 1996 and 2005 he helped build 1-800 CONTACTS from a startup to the leading seller of contact lenses in the world. Today, YCG manages some $750 million, with about one-third of that attributable to the YCG Enhanced Fund and the rest to separately managed accounts requiring a $1 million investment minimum. Steve earned his MBA from BYU. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. "This is about helping them discover their future and helping them determine what motivates and inspires them, and then making sure they are equipped to succeed as Buffalo Grove graduates," Yacktman said. 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. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Russell is a member of the Management Committee. And there really wasnt a minimum account size because we were willing to take just about anything at that point.. "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. Please try again. He earned a bachelors degree in Accountancy from Northern Arizona University. She joined Yacktman in 2013. "This is about helping them discover their future, and helping them determine what motivates and inspires them, and then making sure they are equipped to succeed as Buffalo Grove graduates.". Stephen Yacktman is 52 years old and was born on 04/16/1970. 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, . Prior to that she worked for True North Advisors and First Command Financial Planning. King and Bailey will support manager Chad Horning, who has led the funds since their December 2009 inception. While the duo focuses on finding mispriced companies in the US, their strategy also . Rachel Buie Ms. Buie is Chief Compliance Officer at Yacktman Asset Management. Stephen has been a comanager on the fund since 2002 and began at the firm more than 20 years ago. Working with the District 214 Education Foundation, the donation was made in honor of Yacktman's former AP physics instructor, Saulius Ploplys. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Those two do not have an independent record of their own, but they have ample experience. 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. Before joining Highside, Molly was a co-founder of JatoTech Ventures, an early-stage technology venture capital firm. He is an early founder of 1-800-CONTACTS and served on the board . Stephen Yacktman is a Partner and Chief Information Officer and Portfolio Manager at Yacktman Asset Management based in Austin, Texas. While not one of the markets dividend champions, Oracle is certainly reliable in this area. The lab will be named for Ploplys and his legacy. 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. The research blogger reviewed Oracles recent performance and describes it as a top-notch dividend growth idea on a forward-looking basis. Stating the bottom line on ORCL, the blogger says, Oracle has an attractive business model that drives a dependable recurring revenue stream. Formed by the merger of cola challenger Pepsi and snack giant Frito-Lay, PepsiCo today is one worlds largest food businesses, with a variety of brands sold around the world generating over $40 billion in annual net revenues. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Yacktman is known for keeping away from bank stocks, but USB has been part of the portfolio since 2011. 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. AMG Affiliates, including Yacktman, operate autonomously and independently of AMG and of each other. A look at the dividend confirms this; SYY pays out $1.56 per share, for an annual yield of 2.31%. Heptagon Yacktman U.S. Equity Fund had . We tend to shine in down markets, he says. Mr. Sues is Partner and Portfolio Manager at Yacktman Asset Management. 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. The company has maintained a steady growth in payout since 2012. On July 25, Don Yacktman announced that his son, Stephen Yacktman, had taken over as sole chief investment officer of Yacktman Asset Management, the subadvisor to Gold-rated Yacktman (. Steve and Ellyn have four children. Please disable your ad-blocker and refresh. They have also lived in Austin, TX and Barrington, IL. This site is protected by reCAPTCHA and the Google It is another positive sign that the fund's parent company is continuing to emphasize shareholders' interests over asset growth. Yacktman is led by Chief Investment Officer Stephen Yacktman and, as of June 30, 2017, manages more than $15 billion in assets. 7,745 views. Former Buffalo High School AP Physics instructor Saulius Ploplys, left, and Buffalo Grove High School alumnus Stephen Yacktman, who has donated $1 million to support the creation of a state-of-the-art robotics, manufacturing and biomedical health care innovation lab at the school. Stephen started his career as an analyst and commentator during his time in college. 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. In June, class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated $1 million to support the creation of a state-of-the-art-robotics, manufacturing and biomedical healthcare. Its a steady, stable payout, and clearly one that Yacktman views as reliable he increased it by 3% in his portfolio. 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. We rank financial experts based on measured performance and the accuracy of their predictions. Its name was changed to AMG Yacktman Fund after Affiliated Managers Group (AMG) purchased a majority stake in the firm in 2012. 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