tiprankstipranks
Advertisement
Advertisement

Lloyds Banking Group Cancels 15.7 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 15.7 million ordinary shares on 18 May 2026.
  • The bank will cancel these shares, reducing share count and supporting its capital return strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 15.7 Million Shares in Ongoing Buyback

Meet Samuel – Your Personal Investing Prophet

Lloyds Banking ( (GB:LLOY) ) has issued an announcement.

Lloyds Banking Group has repurchased 15,675,080 of its ordinary shares on 18 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 94.8085 pence per share within a range of 93.6400 to 95.7200 pence. The bank intends to cancel the repurchased shares, a move that reduces the company’s share count and can enhance earnings per share, underscoring management’s capital return strategy and potentially signalling confidence in the group’s financial position and long-term prospects.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £115.00 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. financial services company focused on retail and commercial banking, insurance, and wealth management. The group operates well-known brands across the U.K. banking market, serving retail customers, small and medium-sized enterprises, and larger corporate clients.

Average Trading Volume: 225,916,070

Technical Sentiment Signal: Buy

Current Market Cap: £54.72B

For a thorough assessment of LLOY stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1