3 Mid-Cap to Mega-Cap Stocks Have Announced Significant Buybacks

Group 1: SEI Investments - SEI Investments announced an increase in its share buyback authorization to $556 million, up from a previous $500 million, representing approximately 6.1% of its market cap of about $9 billion [1][2] - In 2024, SEI spent a record $500 million on buybacks, and utilizing the full $556 million in 2025 would set a new record for the company [2] Group 2: Broadcom - Broadcom announced a new share repurchase program allowing for up to $10 billion in buybacks, which is about 1.2% of its total market capitalization [4][5] - The buyback authorization is set to end on December 31, 2025, indicating a rapid utilization plan within eight months, contrasting with typical long-term buyback programs [5][6] - Broadcom has increased its buyback spending significantly post-2021, averaging around $6.7 billion per year over the last three fiscal years [7] - The company also announced an 11% increase in its dividend in December 2024, with a current dividend yield of approximately 1.3% [8] Group 3: XPO - XPO announced a share repurchase authorization worth $750 million, which replaces its previous program and equates to about 6.8% of its market cap of around $11 billion [10][12] - Historically, XPO has been slow in utilizing its buyback capacity, averaging only $69 million per year from 2020 to 2024, despite having spent significantly more in previous years [11][12] - The new buyback authorization suggests that XPO may be preparing for a more aggressive repurchase strategy in 2025 [12] Group 4: Overall Market Implications - Together, SEI Investments, Broadcom, and XPO have raised their buyback capacity by over $12 billion, reflecting a strong commitment to returning capital to shareholders [12]