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Lloyds Banking Group Cancels 11 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 11 million shares as part of its ongoing buyback programme.
  • The bank will cancel these shares, aiming to boost capital efficiency and shareholder returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 11 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 11 million of its ordinary shares on 16 February 2026 as part of its existing share buyback programme, at a volume-weighted average price of 101.5415 pence per share. The bank plans to cancel the repurchased shares, a move that is expected to reduce the overall share count and can enhance earnings per share and capital returns for investors, underlining management’s ongoing focus on capital efficiency and shareholder value.

The transaction was executed through Goldman Sachs International in line with instructions issued in late January 2026 and carried out under applicable market abuse and securities regulations. By continuing to deploy excess capital into buybacks, Lloyds reinforces confidence in its balance sheet strength and signals a stable capital position, which may support its valuation in a competitive UK banking sector.

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 plc is a major UK-based financial services group focused on retail and commercial banking, insurance and wealth management. The group operates under well-known brands such as Lloyds Bank, Halifax and Bank of Scotland, serving millions of customers across the UK with a broad range of banking products and services.

Average Trading Volume: 167,358,548

Technical Sentiment Signal: Buy

Current Market Cap: £59.03B

Learn more about LLOY stock on TipRanks’ Stock Analysis page.

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