Guzman & Company’s Investment Banking team released its Share Repurchase Update for December 2015.
Summary: 2015 brought 796 announcements greater than $25MM, with the average announcement size being ~$900MM. December closed the year with its fair share of share repurchase activity. 64 companies disclosed share repurchase authorizations with an average announcement size of $700MM.
Read full analysis here: Share Repurchase Monthly – December 2015
Guzman & Company’s Investment Banking team released its Share Repurchase Update for November 2015.
Summary: November saw a rise in the number of share repurchase authorizations but a return to more normalized volumes in the absence of “mega-announcements” seen in months past. As a result, the average announcement size fell over 55% from $1BN in October to $447MM in November.
Read full analysis here: November Share Repurchase Report with Q3 Review
Guzman & Company’s Investment Banking team released its monthly Fixed Income Market Report for November 2015.
Key Takeaway: The positive market tone that prevailed at the end of October continued into November as confidence that any Fed rate hike wouldn’t upend the economy pushed investors back into risk assets. Fed minutes released early in the month reinforced this positive sentiment and were viewed as “dovishly hawkish”, suggesting to most that any further rate hikes would only come very slowly.
Read Full Report Here: Monthly Fixed Income Update November 2015
Guzman & Company’s Investment Banking team released its Share Repurchase Update for October 2015.
Summary: With companies beginning to report 3Q earnings, October was one of the most active buyback months of the year. The dollar amount of share repurchase authorizations announced climbed to its highest level since April and its third highest level since the beginning of 2014. The number of announcements also increased 30% compared to September, to its third highest level in 2015.
Read full analysis here: Monthly Share Repurchase Update October ’15
Guzman & Company’s Investment Banking team released its monthly Fixed Income Market Report for October 2015.
Key Takeaway: The month and quarter began with a very disappointing jobs number that caught market participants by surprise and called into question the underlying strength of the recovery. Nevertheless, the initial negative reaction in the markets quickly succumbed to the “bad news is good news” theory that traders have come to embrace over the last few years, as they dismissed any possibility of a Fed rate hike in October.
Read Full Report Here: Monthly Fixed Income Update October 2015
Guzman & Company’s Investment Banking team released its Share Repurchase Update for September 2015.
Summary: As the market digested the Fed’s rate decision and lingering uncertainty in China, U.S. companies continued to announce new stock buyback authorizations. While the number of announcements fell in September, the average announcement size spiked to its highest level since June. However, Q3 buyback activity proved more normalized versus the mega- announcements that dictated the first half of the year.
Read full analysis here: Monthly Share Repurchase Update – September 2015
Guzman & Company’s Investment Banking team released its monthly Fixed Income Market Report for September 2015.
Key Takeaway: Market participants returned from a later than usual Labor Day weekend to an environment that offered little relief from the ravages of the summer sell- off in risk assets. Ongoing concern over the fallout from slower Chinese growth and what that means for the state of global demand, along with excessive pre-occupation with what the Fed would do at their mid-month meeting, led to further deterioration across most asset classes.
Read Full Report Here: Monthly Fixed Income Update September
Guzman & Company released its Share Repurchase Update for August 2015, which includes a comprehensive review of Q2 2015 Share Repurchase Activity.
Summary: August saw a rise in the number of share repurchase announcements, but only a modest increase in the volume of announcements. Average announcement size decreased 30% compared to July. As volatility continues in the equities market, corporations could see opportunities to buy back their stock.
Read full analysis here: Guzman Monthly Share Repurchase Update August
CORAL GABLES, FL (August 26, 2015) – Guzman & Company was once again recognized as one of the nation’s top Equity Brokers for broker execution quality in rankings recently released earlier this week by Pensions & Investments. The quarterly rankings measure the difference in cost/savings against the Elkins/McSherry Arrival Price universe, which is the industry standard in measuring market impact. “The fact that quarter after quarter, year after year, Guzman & Company is recognized for superior execution speaks to the high level of expertise we offer clients,” said John Bell, Vice President and Head of Global Equity Trading at Guzman & Company. We are especially pleased to see continuity in our place among the top of the rankings in both the ‘Small Cap’ category and the ‘50%+ ADV’ category, as these are generally considered more difficult types of trades to source liquidity while simultaneously delivering performance.” In Trades by Order Size, Guzman & Company ranked 10th for orders of 50,000+ shares; and 9th for orders of 10,000 or less. In the Trades by Liquidity category Guzman ranked 2nd in orders of 50% of daily volume. In Trades by Market Cap, Guzman ranked 9th in Large Cap, 1st in Small Cap, and 10th in Microcap. The industry rankings were released August 24, 2015 in Tradewatch, a report published by Pension & Investments, and based on of transaction costs conducted by New York-based Elkins/McSherry, a subsidiary of Boston’s State Street Corp. ####About Guzman & Company#### Founded in 1987, Guzman & Company is a boutique investment bank and brokerage firm that provides capital market solutions to targeted corporate, governmental and institutional clients across the globe. The firm combines superior execution and advanced technology to ensure client satisfaction. Guzman & Company is headquartered in Coral Gables, FL, with offices in New York City, NY, and Palm Beach Gardens, FL. The firm is a member of the NYSE and FINRA. More information on the firm’s history and its services is available at guzman.com
Media Contact | Iris Kolaya | igkolaya@guzman.com
Guzman & Company released its Share Repurchase Monthly Report for July.
Summary: Share repurchase announcements appear to be moderating as the summer draws to a close. Despite an increase in the number of announcements, the total volume authorized in July was off ~15% from historical levels. One contributing factor was July’s lack of mega announcements as seen in prior months. However, the consumer sector proved an outlier, more than doubling announcements in June and July vs. 1H’15. Heightened volatility in equity markets continues to present opportunities for corporates looking to buy back their stock.
Read complete analysis here: Monthly Share Repurchase Update JULY
Guzman & Company’s Investment Banking team released its monthly Fixed Income Market Report for July 2015.
**Key Takeaway: **Geopolitical events took center stage in July after the Fed left rates unchanged in June, and market focus shifted to their next meeting in September. The unfolding drama in Greece, along with a heightened sense of uncertainty surrounding the Iran nuclear talks, made for an unusually chaotic start to the summer season.
Read Full Report Here: Monthly Fixed Income Update – July 2015
Guzman & Company released its Share Repurchase Monthly Report.
Summary: Despite a slight decline in the number of announcements and total volume of share repurchases in June, 1H’15 saw an uptick in share repurchase activity compared to 1H’14. The number of share repurchase announcements increased ~2%, with the average announcement size jumping nearly 40% from $821MM to $1.14BN. The spike in announcement size was driven by the trend of mega announcements from companies like Apple, General Electric, and Home Depot. As in prior months, the consumer sector continued to be the most active for repurchase activity.
Read the complete analysis here: Monthly Share Repurchase Update May 2015
Coral Gables, FL (July 10, 2015) – Guzman and Company, a boutique investment bank and brokerage firm based in South Florida, was recently recognized as one of the world’s leading Equity Brokers. The rankings released by Pensions & Investments place Guzman in the top ten of global brokers measured by difference in cost/savings against the Elkins/McSherry Arrival Price universe, the industry standard in measuring market impact. In the past decade Guzman & Company has consistently been recognized as one of the nation’s top Equity Brokers for broker execution quality.
“Over the years the firm has developed a proven track record of superior execution and expertise,” said Leopoldo E. Guzman, President and CEO, Guzman & Company. “The additional recognition in global equity trading is especially rewarding considering our recent expansion in that area.”
In Trades by Order Size, Guzman & Company ranked 8th in orders of 50,000+ shares, and 10th for orders of 10,000 or less. In the Trades by Liquidity category, Guzman ranked 1st in orders of 50% of daily volume. In Trades by Market Cap Guzman ranked 9th in Mid Cap, 4th in Small Cap and 8th in Microcap.
“One of the dynamics of our trading desk that I see as an advantage is the fact that we have a core group of players that have been together for a long time, and because of the boutique nature of the firm, we are well versed in trading flows of all types – portfolio and block trading of all sizes, market caps and liquidity profiles,” said John Bell, Vice President, Global Equity Trading, Guzman & Company.
The industry rankings were released June 29, 2015 in Tradewatch, a report published by Pension & Investments. Rankings are based on transaction costs conducted by New York-based Elkins/McSherry, a subsidiary of Boston’s State Street Corp.
Founded in 1987, Guzman & Company is a boutique investment bank and brokerage firm that provides capital market solutions to targeted corporate, governmental and institutional clients across the globe. The firm combines superior execution and advanced technology to ensure client satisfaction. Guzman & Company is headquartered in Coral Gables, FL, with offices in New York City, NY, and Palm Beach Gardens, FL. The firm is a member of the NYSE and FINRA. More information on the firm’s history and its services is available at guzman.com
Media Contact | Iris Kolaya | igkolaya@guzman.com
Guzman & Company’s Investment Banking team released its monthly Fixed Income Market Report for June 2015.
Key Takeaway: June began with a heightened degree of preoccupation about what the Fed would do at its upcoming meeting and the possibility of the first rate hike since ’06. That, along with the ongoing uncertainty surrounding month-end deadlines in Greece, led to an increase in volatility and a decidedly risk-off environment.
Read Full Report Here: Fixed Income Market Update 7.8.15 FINAL
Guzman & Company’s Investment Banking team released its monthly Fixed Income Market Report for May 2015.
**Key Takeaway: **The uneasiness that prevailed across markets at the end of April carried through into the early weeks of May. Global debt and equity markets seemed to be engulfed in a cloud of uncertainty … whether Greece, Puerto Rico, ECB, FED, Putin, ISIS, oil or the US$, the concerns were many. Eurobond declines continued, bringing two-way risk back into the bond market, as the reflation trade became the flavor of the month. With the market beginning to see signs that Euro QE is working, and inflation moving towards its target, earlier fears of deflation seemed to fade away.
Read the entire analysis here: Monthly Fixed Income Update 6.5.15
Guzman & Company released its Fixed Income Report for April 2015.
**Key Takeaway: **As the month started out, April showers in the form of long awaited ECB buying, rained down liquidity across global markets, driving a substantial portion of Euro denominated debt as far out as ten years into negative yields. Further priming the global liquidity pump, China joined the other ultra- simulative countries with a larger than anticipated cut in reserve requirements along with additional forms of unconventional stimulus. Global equity markets responded accordingly, with both the S&P and NASDAQ approaching old highs and the NIKKEI trading over 20,000 for the first time in 20 years.
Click Here to Access Complete Analysis: Monthly Fixed Income Update April 2015
Guzman & Company released its March 2015 Share Repurchase Monthly Report, which deepens the firm’s January analysis by examining the same Guzman-created indices of highest buyback-yielding and highest dividend-yielding companies to quantify the tax benefit to the long-term investor of companies primarily buying back stock vs. companies primarily paying dividends.
Summary: The “buy high, sell low” argument criticizing the buybacks of 2007 and the issuances in 2009, single out specific stocks and fail to examine the data on a longer-term, aggregate basis. History clearly shows that buybacks lead to outperformance for the long-term investor on a through-cycle basis, especially when we consider tax implications. Despite dividend reinvestment and compounding, total returns for companies that repurchased stock dwarfed those that focused on dividend distributions by ~12% since 2004.
Read the full report here: Monthly Share Repurchase Update – MARCH 2015
CORAL GABLES, FL (March 16, 2015)– Guzman & Company was once again recognized as one of the nation’s top Equity Brokers for broker execution quality in rankings recently released by Pensions & Investments. Guzman & Company ranked 6th out of the top 50 U.S. brokers measured by difference in cost/savings against the Elkins/McSherry Arrival Price universe, the industry standard in measuring market impact.
In Trades by Order Size, Guzman & Company ranked 4th in orders of 50,000+ shares; 5th for orders of 10,000 – 50,000 shares; and 6th for orders of 10,000 or less. In the Trades by Liquidity category, Guzman ranked 7th in orders of 0% – 20% of daily volume, 9th in orders of 20% – 50% of daily volume; and 7th in orders of 50% of daily volume. In Trades by Market Cap Guzman ranked 9th in Small Cap and 3rd in Microcap.
_ “We constantly strive to be among the top execution firms on the street. While this is one of many types of TCA rankings, and our client t-cost models are the most important to us, we consider a decade’s worth of consistent top-10 performance rankings demonstrates not only a track record of quality, but also one of consistency,” said John Bell, Vice President and Head of Global Equity Trading at Guzman & Company. “In an ever-evolving industry, our primary focus is on maintaining a robust execution platform and knowing how to effectively and efficiently use liquidity sourcing technologies.”_
The industry rankings were released March 9, 2015 in Tradewatch, a report published by Pension & Investments, and based on of transaction costs conducted by New York-based Elkins/McSherry, a subsidiary of Boston’s State Street Corp.
Founded in 1987, Guzman & Company is a boutique investment bank and brokerage firm that provides capital market solutions to targeted corporate, governmental and institutional clients across the globe. The firm combines superior execution and advanced technology to ensure client satisfaction. Guzman & Company is headquartered in Coral Gables, FL, with offices in New York City, NY, and Palm Beach Gardens, FL. The firm is a member of the NYSE and FINRA. More information on the firm’s history and its services is available at guzman.com
Media Contact | Iris Kolaya | igkolaya@guzman.com
(Coral Gables, FL; March 2015) – The Guzman Family Foundation awarded two merit-based scholarships for the Spring 2015 semester. The high-achieving students selected for the scholarship are both pursuing degrees in finance.
“Through the Guzman Scholarship Fund, we hope to encourage and develop the next generation of employees and executives who will create a stronger workforce and in turn build stronger communities,” said Leopoldo E. Guzman, CEO, Guzman & Company.
Guzman & Company believes good corporate citizen and operating with integrity is critical to its mission. Through the Guzman Foundation, the firm champions these values by supporting organizations and programs that promote entrepreneurship, innovation and diversity.
The Foundation’s most prominent activity is providing financial support and mentoring to deserving high school and college students pursuing careers in business and finance. The firm’s mentorship initiatives connect the next generation to committed and caring employees for structured, ongoing relationships resulting in academic and professional success.
Guzman & Company is a boutique investment bank and brokerage firm that provides capital market solutions to targeted corporate, governmental and institutional clients across the globe. Founded in 1987, Guzman & Company combines superior execution and advanced technology to ensure client satisfaction. The firm is headquartered in Coral Gables, FL, with offices in New York City, NY, and Palm Beach Gardens, FL. Guzman & Company is a member of the NYSE and FINRA.
Key Takeaway: What January shunned, February embraced as risk-on became the new order of the day. The sharp downward acceleration in bond yields in late January surprised most market participants and suggested shifting expectations regarding the US stock market, fears over deflation, and prospects for economic growth.
Click Here to Access Complete Analysis: Monthly Fixed Income Update 3.10.15
Guzman & Company is a boutique investment bank and institutional brokerage firm that provides capital market solutions to targeted corporate, governmental and institutional clients across the globe.
Compliance
Business Continuity Plan
SEC Rule 606 Disclosure
Privacy Policy
Member FINRA & SIPC
© 2018 Guzman & Company