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Lloyds Banking Group Buys Back and Cancels 10 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased 10 million ordinary shares on 30 January 2026.
  • The bank will cancel the shares, tightening its capital structure and enhancing returns to investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels 10 Million Shares

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

Lloyds Banking Group has repurchased 10 million of its ordinary shares on 30 January 2026 as part of its existing share buyback programme, paying a volume-weighted average price of 108.1041 pence per share. The bank intends to cancel the repurchased shares, a move that will reduce the overall share count and can enhance earnings per share and capital return metrics for investors, underlining ongoing efforts to manage its capital structure and return surplus capital to shareholders.

The most recent analyst rating on (GB:LLOY) stock is a Hold with a £1.06 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 held back primarily by weaker financial quality signals—especially negative free cash flow and higher leverage—despite supportive technical strength and a clearly positive earnings-call outlook with upgraded 2026 targets and increased capital returns. Valuation is a mild headwind given the P/E relative to the dividend yield.

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

More about Lloyds Banking

Lloyds Banking Group is one of the UK’s largest banking groups, providing retail and commercial banking, lending, savings and other financial services. It focuses primarily on the UK market through well-known high street and digital brands, serving individual consumers, small and medium-sized enterprises, and larger corporate clients.

Average Trading Volume: 149,133,775

Technical Sentiment Signal: Buy

Current Market Cap: £61.4B

For an in-depth examination of LLOY stock, go to TipRanks’ Overview page.

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