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Lloyds Banking Group Buys Back and Cancels 12 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased 12 million ordinary shares on 17 February 2026 as part of its ongoing buyback programme, paying a volume-weighted average price of about 101.74 pence.
  • The bank will cancel the repurchased shares, reducing shares in issue and signalling confidence in its capital strength and long-term profitability while returning surplus capital to investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels 12 Million Shares

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

Lloyds Banking Group has repurchased 12 million of its ordinary shares on 17 February 2026 as part of its ongoing share buyback programme, with prices ranging between 100.65p and 102.55p and a volume-weighted average price of 101.7425p. The bank plans to cancel the repurchased shares, which will reduce the number of shares in issue and can enhance earnings per share, underscoring continued capital strength and a shareholder-focused capital return strategy.

The repurchase was carried out through Goldman Sachs International under instructions issued in late January 2026, continuing the previously announced programme. By executing and cancelling these shares, Lloyds reinforces its commitment to returning surplus capital to investors while signalling confidence in its balance sheet resilience and long-term profitability, which may support its valuation in the 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 provider, offering retail and commercial banking, insurance, and wealth management products. It operates primarily in the United Kingdom, serving individuals, small and medium-sized enterprises, and larger corporate and institutional clients with a focus on traditional banking and digital financial services.

Average Trading Volume: 166,394,037

Technical Sentiment Signal: Buy

Current Market Cap: £59.03B

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

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