Lloyds Banking Group Buys Back Over 9 Million Shares for Cancellation

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

Lloyds Banking Group has repurchased 9,126,119 of its ordinary shares on 2 February 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 108.94 pence per share through Goldman Sachs International. The bank intends to cancel the repurchased shares, a move that will reduce the total number of shares in issue and can enhance earnings per share, signalling continued capital strength and shareholder-return focus in line with its previously announced capital management strategy.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £122.00 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 UK-based financial services provider, offering retail and commercial banking, insurance and wealth management products primarily to customers in the United Kingdom. It operates through well-known high street banking brands and focuses on serving individuals, small and medium-sized enterprises, and larger corporate clients across the UK market.

Average Trading Volume: 150,308,462

Technical Sentiment Signal: Buy

Current Market Cap: £64.14B

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