Guzman Share Repurchase Report - April 2017
Guzman & Company’s Investment Banking team released its Share Repurchase Update for April 2017.
Summary: “April showers” came in the form of earnings season and a large volume of share repurchase authorizations. With only 28 companies announcing sizeable buybacks, a few downpours of $5BN+ announcements buoyed the average size to over $1.6BN. This was led primarily by Goldman Sachs’ 50M shares (~$11.3BN) and Intel’s $10BN authorization. Travelers Co’s and Visa’s $5BN plan and Ameriprise Financials’ $2.5BN announcement, coupled with Goldman’s authorization, had Financials constituting over 50% of all buybackvolume authorized in April. We’ll be on the lookout to see if these“April showers bring May flowers” into the buyback market.
Read full analysis here: Monthly Share Repurchase Update Apr 2017.pdf