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Lloyds Banking Group Buys Back and Cancels 1 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased 1,000,000 ordinary shares under its existing buyback programme.
  • The bank will cancel the repurchased shares, slightly reducing share count and supporting shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels 1 Million Shares

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The latest announcement is out from Lloyds Banking ( (GB:LLOY) ).

Lloyds Banking Group has repurchased 1,000,000 of its ordinary shares on 17 April 2026 as part of its ongoing share buyback programme, with prices ranging between 101.8p and 105p and a volume-weighted average price of 103.6279p. The shares, acquired through Goldman Sachs International under previously issued instructions, will be cancelled, marginally reducing the company’s share count and potentially enhancing earnings per share and shareholder value.

The transaction reflects Lloyds’ continued use of excess capital to return funds to investors while signalling confidence in its financial position and future performance. A detailed breakdown of individual trades executed under the programme has been made available to comply with market abuse regulations and provide transparency for investors and market participants.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £120.00 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 LLOY Stock

According to Spark, TipRanks’ AI Analyst, 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 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. The group operates primarily in the UK market under brands including Lloyds Bank, Halifax and Bank of Scotland, serving millions of personal and business customers across a broad range of lending, savings and financial products.

Average Trading Volume: 226,902,331

Technical Sentiment Signal: Strong Buy

Current Market Cap: £60.4B

For detailed information about LLOY stock, go to TipRanks’ Stock Analysis page.

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