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Lloyds Banking Group Cancels 22 Million Shares in Ongoing Buyback

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Lloyds Banking Group Cancels 22 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 22 million of its ordinary shares on 24 March 2026 as part of its ongoing share buyback programme, with prices ranging between 91.74p and 93.56p and a volume-weighted average price of 92.7484p. The bank plans to cancel the repurchased shares, a move that will reduce the overall share count and can enhance earnings per share and capital efficiency, underlining management’s continued commitment to returning capital to shareholders and optimising its balance sheet.

The transaction was executed through Goldman Sachs International in line with instructions issued in January 2026 under the previously announced buyback framework. By continuing to implement this programme in compliance with the Market Abuse Regulation, Lloyds reinforces its capital management strategy and signals confidence in its financial position to investors and other market stakeholders.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £102.00 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 UK-based financial services institution, operating primarily in retail and commercial banking. The group focuses on providing banking, lending and related financial products to households and businesses across the UK, maintaining a significant presence in the domestic banking market.

Average Trading Volume: 204,588,868

Technical Sentiment Signal: Buy

Current Market Cap: £54.35B

For an in-depth examination of LLOY stock, go to TipRanks’ Overview page.

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