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Lloyds Banking Group Buys Back and Cancels Over 19 Million Shares

Story Highlights
  • Lloyds Banking Group repurchased over 19 million shares on 13 March 2026 as part of its ongoing buyback programme.
  • The bank will cancel these shares, reducing share count and reinforcing its shareholder-focused capital return approach.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Buys Back and Cancels Over 19 Million Shares

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

Lloyds Banking Group has repurchased 19,269,076 of its ordinary shares on 13 March 2026 as part of its ongoing share buyback programme, with prices ranging between 94.10p and 95.96p and a volume-weighted average price of 94.9065p. The bank intends to cancel the repurchased shares, a move that is expected to reduce its share count and can enhance earnings per share, signalling continued capital strength and a shareholder-friendly capital return strategy.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £106.00 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 GB:LLOY Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB: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, insurance, and wealth management to individuals and businesses. Listed in London, it is a core player in the British financial system with a large domestic customer base and a focus on mainstream banking services.

Average Trading Volume: 191,862,538

Technical Sentiment Signal: Buy

Current Market Cap: £56.1B

See more data about LLOY stock on TipRanks’ Stock Analysis page.

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