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Lloyds Banking Group Buys Back and Cancels 22.9 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased 22.9 million ordinary shares under its ongoing buyback programme.
  • The bank will cancel the repurchased shares, aiming to enhance shareholder value and support earnings per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels 22.9 Million Shares

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

Lloyds Banking Group has repurchased 22,939,075 of its ordinary shares on 23 March 2026 under its existing share buyback programme, at prices ranging between 87.62p and 94.10p and a volume-weighted average price of 91.7614p. The bank intends to cancel these shares, signalling continued capital return to shareholders and a tighter share base, which may support earnings per share and underline management’s confidence in the group’s financial position.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £100.00 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. banking and financial services institution, providing retail and commercial banking, lending, and related financial products across the United Kingdom. The group operates several well-known high street brands and focuses on serving both individual and business customers in its core domestic market.

Average Trading Volume: 196,927,068

Technical Sentiment Signal: Buy

Current Market Cap: £53.24B

Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.

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