tiprankstipranks
Advertisement
Advertisement

Lloyds Banking Group Buys Back and Cancels 8 Million Shares

Story Highlights
  • Lloyds repurchased 8 million shares under its buyback, paying an average 96 pence.
  • The bank will cancel the shares, aiming to optimise capital 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 8 Million Shares

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Lloyds Banking ( (GB:LLOY) ).

Lloyds Banking Group has executed a further tranche of its ongoing share buyback programme, repurchasing 8,000,000 ordinary shares on 14 May 2026 through Goldman Sachs International. The shares were acquired at a volume‑weighted average price of 96.0286 pence and the company plans to cancel them, reducing its share count and potentially enhancing earnings per share.

The move underscores Lloyds’ continued focus on returning capital to shareholders and managing its capital structure within regulatory constraints. By shrinking its equity base via cancellations, the bank may improve capital efficiency and signal confidence in its balance sheet and future earnings capacity to investors.

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. banking and financial services group, offering retail and commercial banking, lending, savings and insurance products. It operates primarily in the domestic market, serving individuals, small businesses and corporates, and is a significant constituent of the London Stock Exchange financial sector.

Average Trading Volume: 224,990,732

Technical Sentiment Signal: Buy

Current Market Cap: £54.77B

See more insights into LLOY stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1