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Lloyds Banking Group Cancels 15 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 15 million ordinary shares as part of its 2026 buyback programme.
  • The bank will cancel the shares, reducing its share count and signaling confidence in its capital strength.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 15 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 15 million of its ordinary shares on 24 February 2026 as part of its ongoing share buyback programme, at prices ranging between 101.2 pence and 102.9 pence, with a volume-weighted average price of 102.2666 pence. The bank intends to cancel these shares, effectively reducing its share count, which can enhance earnings per share and signals continued capital strength and confidence in its financial position.

The transaction was executed through Goldman Sachs International under previously issued instructions, reinforcing the group’s systematic approach to returning excess capital to shareholders. This latest buyback activity underscores Lloyds’ capital management strategy within the UK banking sector, potentially improving shareholder returns while maintaining regulatory compliance 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 UK-based financial services provider, operating primarily in retail and commercial banking, insurance, and wealth management. The group focuses on serving households and businesses across the United Kingdom, with a strong presence in personal current accounts, mortgages, small business lending, and related financial products.

Average Trading Volume: 175,004,602

Technical Sentiment Signal: Buy

Current Market Cap: £61.45B

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

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