Lloyds Banking ( (GB:LLOY) ) has shared an update.
Lloyds Banking Group PLC announced the purchase of 13,193,285 of its ordinary shares as part of its ongoing share buyback program. These shares were acquired from Morgan Stanley & Co. International plc at a volume-weighted average price of 72.6102 pence per share and will be cancelled, reflecting the company’s strategy to enhance shareholder value.
More about Lloyds Banking
Lloyds Banking Group PLC is a major financial services group in the United Kingdom, providing a wide range of banking and financial services, including retail and commercial banking, insurance, and wealth management. The company primarily focuses on serving customers in the UK market.
YTD Price Performance: 31.58%
Average Trading Volume: 175,641,800
Technical Sentiment Signal: Sell
Current Market Cap: £44.32B
Learn more about LLOY stock on TipRanks’ Stock Analysis page.