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Lloyds Banking Group Cancels 20.5 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 20.5 million shares on 20 March 2026 as part of its ongoing buyback, with an average price of about 92.7 pence.
  • The bank will cancel the repurchased shares, reducing its share count and supporting shareholder value while maintaining regulatory transparency in the execution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 20.5 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 20,500,000 of its ordinary shares on 20 March 2026 as part of its ongoing share buyback programme, with prices ranging between 91.0200p and 94.6600p and a volume-weighted average of 92.7057p. The bank intends to cancel all of these shares, a move that will reduce the overall share count and can enhance earnings per share, signalling continued capital strength and commitment to shareholder returns.

The transaction was executed through Goldman Sachs International, which is acting as broker under instructions issued in late January 2026, reaffirming the structured and pre-announced nature of the capital management plan. Detailed trade-level data for the buyback is being made available to the market in line with EU-derived Market Abuse Regulation requirements, underscoring regulatory transparency and providing investors with granular insight into execution of the programme.

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 plc is a major U.K.-based financial services group focused on retail and commercial banking, insurance, and wealth management. The group operates primarily through well-known brands such as Lloyds Bank, Halifax, and Bank of Scotland, with a core market in the United Kingdom serving individuals, small businesses, and larger corporate clients.

Average Trading Volume: 191,483,298

Technical Sentiment Signal: Buy

Current Market Cap: £54.45B

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

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