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Lloyds Banking Group Cancels 15.3 Million Shares in Ongoing Buyback

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Lloyds Banking Group Cancels 15.3 Million Shares in Ongoing Buyback

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Lloyds Banking ( (GB:LLOY) ) has provided an update.

Lloyds Banking Group has repurchased 15,272,678 of its ordinary shares on 25 March 2026 as part of its ongoing share buyback programme, with prices ranging between 94.56p and 96.04p and a volume-weighted average of 95.30p per share. The bank plans to cancel the repurchased shares, a move that will reduce the number of shares in circulation and can enhance earnings per share, signalling continued capital strength and a shareholder-friendly capital return strategy.

The latest tranche of buybacks was executed by Goldman Sachs International under instructions issued in January 2026, reflecting Lloyds’ continued execution of its previously announced capital management plans. This ongoing reduction of share capital underscores the group’s confidence in its balance sheet and long-term profitability while potentially supporting its share price and delivering value to investors.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £103.00 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. banking and financial services group, offering retail and commercial banking, insurance and wealth management to individuals and businesses. The group operates primarily in the U.K. market through well-known brands, focusing on mass-market retail customers and small to medium-sized enterprises.

Average Trading Volume: 205,648,477

Technical Sentiment Signal: Buy

Current Market Cap: £54.33B

Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.

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