Friday , January 18 2019
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Peak buybacks?

Summary:
At the weekend, Warren Buffett's Berkshire Hathaway disclosed it had bought back nearly bn of its shares in the third quarter. Two days later, music streaming service Spotify announced plans to repurchase as much as bn of its own stock, joining a spate of other companies that have done the same this year. While buybacks have surged a record-setting 44 per cent so far this year, per Goldman Sachs, chief executives may finally be easing up on returning capital to shareholders.Indeed, the aggregate amount of announced buybacks for the past three months has slowed, according to JPMorgan's Flows and Liquidity team:The trend crops up in measures of share count reduction across US equity indices, too. While companies removed roughly 0bn worth of shares from the market between July and

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At the weekend, Warren Buffett's Berkshire Hathaway

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