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Lloyds Banking Group Buys Back 5 Million Shares for Cancellation

Story Highlights
  • Lloyds Banking Group repurchased 5 million ordinary shares as part of its ongoing buyback programme.
  • The bank will cancel the repurchased shares, aiming to enhance shareholder returns and signal confidence in its outlook.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back 5 Million Shares for Cancellation

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An announcement from Lloyds Banking ( (GB:LLOY) ) is now available.

Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 23 February 2026 as part of its ongoing share buyback programme, at prices ranging between 102.85p and 105.80p, with a volume-weighted average price of 104.5975p. The bank plans to cancel these shares, a move that will reduce the overall share count and can enhance earnings per share and capital return metrics for investors, underlining management’s continued focus on shareholder distributions.

The transaction was executed through Goldman Sachs International, acting as broker under previously issued instructions dating from late January 2026. This latest tranche of buybacks continues Lloyds’ capital management strategy, signalling confidence in its balance sheet strength and future performance, and may support the bank’s valuation in a competitive U.K. banking sector.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 price target. To see the full list of analyst forecasts on Lloyds Banking stock, see the GB:LLOY Stock Forecast page.

Spark’s Take on GB:LLOY Stock

According to Spark, TipRanks’ AI Analyst, GB:LLOY is a Neutral.

The score is driven primarily by a strong, upgrade-supported earnings outlook and capital return plan from the latest call. This is tempered by weaker underlying financial quality signals (higher leverage and negative free cash flow in the last two years). Technically the trend is positive, but overbought indicators add near-term risk, while valuation and yield are supportive but not standout.

To see Spark’s full report on GB:LLOY stock, click here.

More about Lloyds Banking

Lloyds Banking Group is a major U.K.-based financial services group focused on retail and commercial banking, insurance, and wealth management. It operates primarily in the U.K. market through well-known brands, providing current accounts, mortgages, loans, savings, and related financial services to individuals and businesses.

Average Trading Volume: 175,004,602

Technical Sentiment Signal: Buy

Current Market Cap: £61.45B

Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.

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