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Lloyds Banking Group Buys Back and Cancels 8.5 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased 8.5 million shares under its ongoing buyback programme.
  • The bank will cancel the repurchased stock, aiming to enhance capital efficiency and EPS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels 8.5 Million Shares

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An update from Lloyds Banking ( (GB:LLOY) ) is now available.

Lloyds Banking Group has repurchased 8,518,373 of its ordinary shares on 1 April 2026 through Goldman Sachs International as part of its ongoing share buyback programme. The shares were bought at prices ranging between 95.72p and 96.88p, with a volume-weighted average price of 96.4974p, and the bank intends to cancel all of the repurchased stock.

This latest tranche of buybacks underscores management’s continued focus on returning surplus capital to shareholders and optimising the group’s balance sheet. The cancellation of shares will reduce the company’s share count, which, all else equal, should enhance earnings per share and may signal confidence in the bank’s capital position and future profitability.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £101.00 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 institution, operating primarily in retail and commercial banking, insurance, and wealth management. The group focuses on serving individuals, small and medium-sized enterprises, and corporate clients across the United Kingdom, with a strong presence in digital and branch-based banking services.

Average Trading Volume: 210,632,522

Technical Sentiment Signal: Buy

Current Market Cap: £54.05B

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

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