Skip to content

Warren Buffett’s Berkshire Bought Back Over $9 Billion of Its Own Stock

Nigel Frith Nigel Frith
Add as a preferred source on Google
Billionaire hedge-fund manager Bill Ackman

Warren Buffett’s Berkshire Hathaway (NYSE: BRK) invested a record $9.3 billion in its own stock in the third quarter, according to their third-quarter earnings report. The latest figures bring the total buybacks number to $15.7 billion. 

UBS’ analysts expected buybacks to come at $3.2 billion, showing Buffett’s willingness to reinvest profits in his company’s stock. The conglomerate repurchased over $2.5 billion in Class A shares and around $6.7 billion in Class B stock.

“Berkshire will buy back its stock only if a) Charlie and I believe that it is selling for less than it is worth and b) the company, upon completing the repurchase, is left with ample cash,” Buffett wrote in a letter to shareholders earlier this year. 

Other segments of the company’s Q3 report showed that operating earnings came in at $5.48 billion, which represents a decrease of about 30% from a year ago. Net earnings, on the other hand, skyrocketed to $30.137 billion. 

Berkshire share price closes the week 3.44% higher. 

PEOPLE WHO READ THIS ALSO VIEWED:

Nigel Frith
Nigel Frith
Team Member

Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.

Stay ahead of the markets

Sign up to our free Morning Markets email, every weekday before the open.