Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Bio
X •  LinkedIn
 

  Stock Buybacks by Sector
Posted Under: Sectors
Supporting Image for Blog Post

 
View from the Observation Deck  
  1. S&P 500 Index stock buybacks totaled $175.89 billion (preliminary) in Q3'19, down 13.7% from the $203.76 billion spent on buybacks in Q3'18, according to S&P Dow Jones Indices.
  2. Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, notes that consensus estimates have buybacks at a base level of $170 billion per quarter moving forward. 
  3. For the 12-month period ended September 2019, buybacks totaled $770.14 billion, up 6.9% from the $720.40 billion repurchased over the same period through September 2018.
  4. S&P Dow Jones Indices reported that S&P 500 Index companies spent $3.114 trillion on buybacks for the five-year period ended 9/30/19. 
  5. As indicated in the chart, Information Technology was the most active sector with respect to buyback activity over the past five years. Technology companies repurchased stock valued at $871.6 billion, or 28.0% of total buybacks for the S&P 500 Index. Financials and Consumer Discretionary followed with buybacks totaling $621.26 billion and $426.51 billion, respectively. 
  6. In addition to stock buybacks, S&P 500 companies are also rewarding shareholders through higher dividend distributions (not shown in chart). S&P 500 Index dividend payments totaled an all-time quarterly high of $123.12 billion in Q3'19, according to S&P Dow Jones Indices.  

This chart is for illustrative purposes only and not indicative of any actual investment. Investors cannot invest directly in an index. The S&P 500 Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance. The 11 major S&P 500 Sector Indices are capitalization-weighted and comprised of S&P 500 constituents representing a specific sector. 

Download a PDF of this post, please click here.

The next blog post will resume on Thursday, January 2.
Posted on Thursday, December 19, 2019 @ 12:05 PM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
•Market Commentary Video
•Monthly Talking Points
•Quarterly Newsletter
•Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
• A Snapshot Of FDA Drug Approvals
• S&P 500 Index Earnings & Revenue Growth Rate Projections (2020 & 2021)
• U.S. Stocks Have Outperformed Foreign Stocks Since President Trump Was Elected
• Checking in on the 10-Largest Stocks in the S&P 500 Index
• Top-Performing S&P 500 Index Subsectors in 2019
• How Stocks Have Fared In Presidential Election Years
• Sector Performance Via Market Capitalization (Since Steel/Aluminum Tariffs Enacted)
• Still Waiting For The Great Rotation Out Of Bond Mutual Funds
• Information Technology + Consumer Discretionary = E-commerce
• Equity Investors Opting For Blended Portfolios Over Growth And Value
Archive
Skip Navigation Links.
Expand 20242024
Expand 20232023
Expand 20222022
Expand 20212021
Expand 20202020
Expand 20192019
Expand 20182018
Expand 20172017
Expand 20162016
Expand 20152015
Expand 20142014
Expand 20132013
Expand 20122012
Expand 20112011

Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.