Lloyds Banking Group Buys Back and Cancels 9.5 Million Shares

Lloyds Banking ( (GB:LLOY) ) just unveiled an update.

Lloyds Banking Group has continued its existing share buyback programme, repurchasing 9,499,296 ordinary shares on 2 April 2026 through Goldman Sachs International as broker. The shares were bought at prices ranging between 95.48 pence and 97.46 pence, with a volume-weighted average price of 96.6426 pence.

The bank intends to cancel all of the repurchased shares, a move that will reduce the overall share count and can enhance earnings per share for remaining investors. This latest tranche underscores Lloyds’ ongoing capital management strategy and signals confidence in its balance sheet strength and long-term value creation for shareholders.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £102.00 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 provider with a strong presence in retail and commercial banking, insurance, and wealth management. The group focuses on serving individuals, small and medium-sized enterprises, and larger corporate clients primarily in the U.K. market.

Average Trading Volume: 212,842,112

Technical Sentiment Signal: Buy

Current Market Cap: £57.17B

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