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Lloyds Banking Group Buys Back and Cancels 10 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased 10 million ordinary shares as part of its ongoing buyback programme.
  • The bank will cancel the repurchased shares, aiming to reduce share count and support shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels 10 Million Shares

Meet Samuel – Your Personal Investing Prophet

Lloyds Banking ( (GB:LLOY) ) has issued an announcement.

Lloyds Banking Group has repurchased 10 million of its ordinary shares on 19 May 2026 as part of its ongoing share buyback programme, with prices ranging between 96.06p and 96.84p and a volume-weighted average price of 96.4346p. The bank plans to cancel the repurchased shares, which will reduce the number of shares in issue and may enhance earnings per share, signalling continued capital strength and a focus on returning value to shareholders.

The transaction was executed via Goldman Sachs International under previously issued instructions, consistent with regulatory requirements and the company’s stated capital management strategy. By continuing to progress this buyback, Lloyds underscores its confidence in its financial position and reinforces its commitment to disciplined balance sheet management and shareholder returns.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £115.00 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, providing services such as current accounts, mortgages, loans, and insurance products. The group operates primarily in the United Kingdom, serving individual customers and businesses through well-known banking brands and digital channels.

Average Trading Volume: 220,935,577

Technical Sentiment Signal: Buy

Current Market Cap: £54.72B

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

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