S&P 500 Q4 buybacks rise 3.7% Y/Y; Apple continues dominance

seekingalpha03-19

S&P 500 (NYSE:SPGI) reported a 3.7% year-on-year rise in its Q4 buybacks to $219.1B, as consumer discretionary and consumer staples significantly upped their spending for the quarter, according to the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2420029524?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/693363558/image_693363558.jpg","is_english":true,"pubTime":"2024-03-19 00:22","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2420029524","market":"us","top_or_hot":-1,"title":"S&P 500 Q4 buybacks rise 3.7% Y/Y; Apple continues dominance","media":"seekingalpha","content":"<div>\n<p>S&P 500 (NYSE:SPGI) reported a 3.7% year-on-year rise in its Q4 buybacks to $219.1B, as consumer discretionary and consumer staples significantly upped their spending for the quarter, according to the...</p>\n\n<a href=\"https://seekingalpha.com/news/4080546-sp-500-q4-buybacks-rise-37-yy-apple-continues-dominance\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 Q4 buybacks rise 3.7% Y/Y; Apple continues dominance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 Q4 buybacks rise 3.7% Y/Y; Apple continues dominance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-19 00:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4080546-sp-500-q4-buybacks-rise-37-yy-apple-continues-dominance><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S&P 500 (NYSE:SPGI) reported a 3.7% year-on-year rise in its Q4 buybacks to $219.1B, as consumer discretionary and consumer staples significantly upped their spending for the quarter, according to the...</p>\n\n<a href=\"https://seekingalpha.com/news/4080546-sp-500-q4-buybacks-rise-37-yy-apple-continues-dominance\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989763005.USD","symbol_name":"东方汇理教育基金A2 Acc","start_time":0,"source_url":"https://seekingalpha.com/news/4080546-sp-500-q4-buybacks-rise-37-yy-apple-continues-dominance","article_id":"2420029524","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/693363558/image_693363558.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2420029524","pubTimestamp":1710778951,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"S&P 500 (NYSE:SPGI) reported a 3.7% year-on-year rise in its Q4 buybacks to $219.1B, as consumer discretionary and consumer staples significantly upped their spending for the quarter, according to the","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989763005.USD":"东方汇理教育基金A2 Acc",".SPX":"S&P 500 Index","OEX":"标普100","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU1989773731.SGD":"CPR Invest - Education A2 Acc SGD-H","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","UPRO":"三倍做多标普500ETF","XLE":"SPDR能源指数ETF","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","SPXU":"三倍做空标普500ETF","BK4566":"资本集团","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","XLF":"金融ETF","SH":"标普500反向ETF","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","AVGO":"博通","GOOG":"谷歌","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","XLI":"工业指数ETF-SPDR","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SPY":"标普500ETF","SPGI":"标普全球","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","XLK":"高科技指数ETF-SPDR","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","GM":"通用汽车","IVV":"标普500指数ETF","RTX":"雷神技术公司","OEF":"标普100指数ETF-iShares","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","BK4099":"汽车制造商","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4112":"金融交易所和数据","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","AAPL":"苹果"},"translate_title":"标普500第四季度回购同比增长3.7%；苹果继续占据主导地位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"XLK":1,"XLI":1,"XLF":1,"XLE":1,"SPY":1,"SPGI":1,"RTX":1,".SPX":1,"GOOG":1,"GM":1,"AVGO":1,"SDS":0.6,"OEF":0.6,"OEX":0.6,"SH":0.6,"ESmain":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,"IVV":0.6},"content_text":"S&P 500 (NYSE:SPGI) reported a 3.7% year-on-year rise in its Q4 buybacks to $219.1B, as consumer discretionary and consumer staples significantly upped their spending for the quarter, according to the S&P Dow Jones Indices. However, for the full year 2023, buybacks were $795.1 billion, down from $922.7 billion for 2022. During the quarter, 313 companies reported buybacks of at least $5 million, up from 281 in Q3 2023 and down from 318 in Q4 2022; 373 companies did some buybacks for the quarter, up from 362 in Q3 2023 and down from 385 in Q4 2022. The top 20 S&P 500 companies continued their dominance, and accounted for 54.1% of Q4 buybacks, up from Q3 2023's 50.9%. 12.3% of companies reduced share counts used for earnings per share by at least 4% year-over-year, down from Q3 2023's 13.8% and down from Q4 2022's 19.4%. S&P 500 Q4 dividends rose 0.7% to a record $154.1 billion from the prior Q3's $144.2 billion and were 5.5% greater than the $146.1 billion, reported last year. \"Given the market's expectations for interest rates to decline later in the year, even as higher-for-longer interest rates continue, companies may be shy of financing buybacks going forward, as discretionary buybacks, which reduce share count, may need to be financed from ongoing operations. Top-tier cash-flow issues however are seen as continuing their buybacks and positively impacting their EPS,\" said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices. Sector-wise: Information Technology (XLK) maintained its top rank in buybacks, as the sector increased its expenditure by 15.9% as compared to Q3 to $56.3 billion in the quarter, representing 25.7% of all S&P 500 buybacks. Industrials' (XLI) saw a massive jump, as it recorded a 89.8% increase as compared to Q3, spending $27.1 billion in Q4.  Energy (XLE) slightly decreased their buybacks for the fifth consecutive quarter after significantly increasing them in the prior periods. For Q4, Energy expenditures was $16.1 billion, while Financials (XLF) spent $29.4 billion on buybacks in Q4. Quick look at companies leading the buybacks: Apple (AAPL) continued to lead the pack at the issue level buybacks, as it again spent the most of any issue with its Q4 2023 expenditure ranking as the 9th highest in S&P 500 history. Over the five-year period Apple has spent $429 billion, and $658 billion over the ten-year period. Alphabet (GOOG), RTX Corporation (RTX), General Motors (GM), and Broadcom (AVGO), took the next four spots, respectively. S&P 500 Buyback Index (SPBUYUP) is up 6.3% YYTD.   More on S&P Global  S&P Global: Share Price Drop Is A Buying Opportunity S&P Global: Everything Investors Didn't (And Shouldn't) Like In The Report S&P Global to acquire Visible Alpha; explores opportunities for Fincentric S&P Global issues softer-than-expected guidance, Q4 EPS also falls short","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420029524"}