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Lloyds Banking Group Cancels 10 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 10 million ordinary shares as part of its ongoing buyback programme.
  • The bank will cancel the repurchased shares, reducing share count and supporting capital return strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 10 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 10 million of its ordinary shares on 12 February 2026 as part of its existing share buyback programme, executed through Goldman Sachs International. The shares were bought at prices ranging between 102.50p and 105.55p, with a volume‑weighted average price of 104.2224p.

The bank intends to cancel all of the repurchased shares, effectively reducing its share count and potentially enhancing earnings per share and capital returns to remaining investors. This transaction underscores the group’s ongoing capital management strategy and confidence in its financial position, while aligning with regulatory disclosure requirements under the Market Abuse Regulation.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 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. financial services provider offering retail and commercial banking, insurance, and wealth management. It operates primarily in the United Kingdom, serving individuals, small businesses, and corporate clients, and is a key constituent of the domestic banking sector and London equity market.

Average Trading Volume: 157,475,388

Technical Sentiment Signal: Buy

Current Market Cap: £60.47B

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

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