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. Prior to joining the firm in 2015, Brandt worked independently studying accounting and investment research, publishing research reports and developing research analysis tools. 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. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. Like the other stocks in this list, USB pays out a steady dividend. Texas Capitol View Corridor - 360 Lookout. Donald Yacktman may not be a household name like Warren Buffett, but he holds a similar reputation among investors. 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. Yacktman also invited Ploplys to the Class of 1988 reunion last year. A blog showcasing how students in High School District 214 are college ready, career ready and life ready. The most recent in-depth review of Oracle stock comes from the financial blogger Valuentum, ranked #53 overall in the TipRanks blogger database. "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. Working with the District 214 Education Foundation, Class of 1988 alumnus Stephen Yacktman and his wife Ellyn donated the $1 million in June. Ploplys worked at District 214 for more than 30 years as a science educator teaching chemistry and physics, and retired in 2003. 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 (. Chase joined Yacktman Asset Management in 2009. Advertisement. The Citywire + rated manager runs the $846m Heptagon Yacktman US Equity fund alongside Jason Subotky. We sell different types of products and services to both investment professionals and individual investors. A Buffalo Grove High School graduate has donated $1 million to establish a state-of-the-art robotics lab in honor of a former teacher. 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. Jan 20, 2022 01:40 A.M. After 27 years of being married, "7th Heaven" star Stephen Collins filed for divorce from his ex-wife, Faye Grant. years. Molly began her career as an investment banking analyst in New York. A look at the analyst consensus tells that story: PEP holds a Moderate Buy rating, based on 1 Buy and 2 Hold reviews. There was an error logging in. Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. 2: Make an adequate return, a double-digit return, while holding on for five to 10 years. The link you have selected is located on another web site. Copyright 2023 Morningstar, Inc. All rights reserved. No. PepsiCo's share of the total portfolio increased slightly. All rights reserved. He was beloved among parents and students, many of whom were thankful for his excellent teaching abilities and sense of humor. He was awarded the 1994 Portfolio Manager of the Year by Mutual Fund Letter. 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%. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Though his career is in finance, he says he maintains a passion for manufacturing, engineering, science and technology. Mr. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager at Yacktman Asset Management. Yacktman is known for keeping away from bank stocks, but USB has been part of the portfolio since 2011. Chief Investment Officer Stephen Yacktman leads our experienced investment team. How we use your information depends on the product and service that you use and your relationship with us. A look at Yacktman Assets top ten holdings shows a highly diverse portfolio, perhaps with a bent toward food staples. Homes - Celebrity - Business By: jdubble07 Advertisement Celebrity Homes Mailing List Stephen Yacktman is 52 years old and was born on 04/16/1970. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. I am not receiving compensation for it. Its name was changed to AMG Yacktman Fund after Affiliated Managers Group (AMG) purchased a majority stake in the firm in 2012. Paddock Publications, Inc. is an Employee-Owned Company. Ploplys worked at District 214 for more than 30 years as science educator, teaching chemistry, physics, honors physics and advanced placement physics courses. Credit Suisses Judah Frommer concurs with Wolf, and gives SYY another Buy rating and $75 price target. The teacher and student reconnected eight years ago when Ploplys called to inquire about a fund Yacktman administers. For more information, visit www.214foundation.org. 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. Don and Stephen had shared the CIO title during the past seven years. Provide specific products and services to you, such as portfolio management or data aggregation. I have no business relationship with any company whose stock is mentioned in this article. 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 . "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. The average price target is $57, and the current share price is $51, suggesting an upside to 11%. analyst rating, from Kevin Grundy at Jefferies, is a Hold. Grundy gives the stock a $105 price target, implying a downside of 9.41%. Overall, ORCL shares hold a Moderate Buy rating from the analyst consensus, based on 6 Buy and 10 Hold ratings. Courtesy of Northwest Suburban High School District 214, Paddock Publications, Inc. is an Employee-Owned Company. Ploplys said. Thank you for your interest in Yacktman Asset Management. Adam is also co-manager for the AMG Yacktman Focused Fund, AMG Yacktman Fund, and AMG Yacktman Global Fund. This will be the sixth of13 Artisan funds to close to new investors. Yacktman, who grew up in Arlington Heights, went on to attend Brigham Young University, where he graduated with an economics degree and an MBA. He is co-portfolio manager of the AMG Yacktman Funds and chief investment officer of Yacktman Asset Management. The seventh-largest bank in the US is also the tenth-largest holding in the Yacktman portfolio. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. A dedication ceremony is planned for the winter. The new school facility is targeted for a 2018 opening. Stephen Yacktman Student at BYU Provo, Utah, United States. 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. He joined Yacktman Asset Management in 1993. 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. He joined the firm in 2001, having previously worked at a family office and as a Vice President at Goldman Sachs. Being a food wholesaler, Sysco is another defensive play for Yacktman. This makes sense when you . 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.". We make an investment with the intention of making money. It gave us an opportunity early on to prove ourselves. By the firms 10th anniversary, YCG had nearly $500 million in assets under management. "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. They struck up a conversation and Yacktman soon invited Ploplys to join him and his family on a zero-gravity airplane flight. Andrew Wolf of Loop Capital set a Buy rating with a $75 price target, saying, [E]xpect the company's better than expected operating leverage and reduce costs to continue to contribute to its bottom line, forecasting Sysco earnings to accelerate further. His target suggests an 11% upside to the stock. Prior to joining the firm in 1998, he was a Senior Business Analyst at Electronic Data Systems Corp. Mr. Wilkins holds a B. The donation is made in honor of Yacktman's former AP Physics instructor, Saulius Ploplys, who retired in 2003. Its a classic defensive stock, with an 8.1% growth rate over the last 10 years, and dividend increases over the last 46 consecutive (!) "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. But honestly as a public high school, we didn't have the funds to really fill out the space with the technology and equipment that we need so our kids are really ready for the industry. The stock has a $54 average price target, that give a 5.45% upside from the current trading level of $51. By contrast, YCG has had less than 1% of its assets in cash for most of its nearly seven-year history. 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 It is the largest single gift in the school's 46-year history. Don holds a B. S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University. Back then, technology stocks were . Ms. Buie is a Certified Securities Compliance Professional (CSCP) and a former board member of the National Society of Compliance Professionals. Stephen has been a comanager on the fund since 2002 and began at the firm more than 20 years ago. It has ranked in the top 3% of performers in Morningstars large blend category for the year ending May 31, the top 2% over the last three years, and the top 3% over the last five years. 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.. When it comes to investing, Donald, Stephen and Brian Yacktman share a long family tradition. TipRanks is the most comprehensive data set of sell side analysts, hedge fund managers, financial bloggers, and corporate insiders. As a result, the lab will be named for Ploplys and his legacy. 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.". In addition to the donation, Yacktman has offered his expertise and direction in creating an innovative and one-of-a-kind lab that he hopes will give students opportunities that will prepare them to leave high school college and career ready. More recently, Morgan Stanleys Keith Weiss reviewed ORCL and determined that he does not see the catalysts needed to drive the stock higher this year. He gives the stock a 2.4% upside, with a $53 price target. Yacktman, who grew up in Arlington Heights, is chief investment officer at Yacktman Asset Management. Rachel Buie Ms. Buie is Chief Compliance Officer at Yacktman Asset 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. Prior to joining the Firm in 2013, Keith worked at Bridgepoint Consulting LLC, where he was a CFO-level consultant for various companies. 1 is protecting our client's money. Gear advertisements and other marketing efforts towards your interests. Value investors Stephen Yacktman and Jason Subotky, co-managers of the AMG Yacktman Focused fund, hear echoes of 1998 these days. Subotky has been In 2006 he was named Co-Chief Investment Officer of Yacktman Asset Management. He will continue to contribute ideas as a member of the portfolio team. Don was a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund until 2016. 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