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Lloyds Banking Group Buys Back and Cancels 10 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased 10 million shares on 10 February 2026 under its ongoing buyback, paying an average 103.6424 pence and intends to cancel them.
  • The buyback, executed via Goldman Sachs International, advances Lloyds’ capital return strategy by trimming share count and aiming to boost capital efficiency for 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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The latest announcement is out from Lloyds Banking ( (GB:LLOY) ).

Lloyds Banking Group has repurchased 10 million of its ordinary shares on 10 February 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 103.6424 pence per share. The bank plans to cancel these shares, which will reduce the number of shares in circulation and is likely to enhance earnings per share and signal management’s confidence in the group’s capital position.

The transaction was executed through Goldman Sachs International, acting as the broker under instructions issued in late January 2026. This latest tranche continues Lloyds’ broader capital return strategy to shareholders, underscoring its focus on balance sheet efficiency and aligning its capital structure with regulatory and market expectations.

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. financial services institution focused on retail and commercial banking, insurance and wealth management. The group operates well-known high street brands and primarily serves U.K. consumers and businesses, giving it a central role in the country’s banking and credit markets.

Average Trading Volume: 155,140,233

Technical Sentiment Signal: Buy

Current Market Cap: £62.81B

For a thorough assessment of LLOY stock, go to TipRanks’ Stock Analysis page.

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