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Lloyds Banking Group Buys Back and Cancels 5 Million Shares

Story Highlights
  • Lloyds bought 5 million ordinary shares on 21 April 2026 under its buyback programme.
  • The bank will cancel the repurchased shares, potentially boosting returns for remaining investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels 5 Million Shares

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

Lloyds Banking Group has repurchased 5,000,000 of its ordinary shares on 21 April 2026 as part of its existing share buyback programme, with prices ranging between 100.72p and 102.94p and a volume-weighted average price of 101.977p. The bank plans to cancel these shares, a move that reduces the overall share count and can enhance earnings per share and capital returns for remaining shareholders, underlining ongoing capital management and confidence in its financial position.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £120.00 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. financial services group, operating primarily in retail and commercial banking and related financial services. The group focuses on the U.K. market through well-known brands, providing current accounts, mortgages, loans, savings, and business banking services to a broad customer base.

Average Trading Volume: 226,902,331

Technical Sentiment Signal: Strong Buy

Current Market Cap: £60.4B

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

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