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Lloyds Banking Group Cancels 28 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 28 million shares on 5 March 2026 under its ongoing buyback programme and will cancel them, potentially boosting earnings per share.
  • The buyback tranche, executed via Goldman Sachs under January instructions, reflects Lloyds’ strategy to return surplus capital, support shareholder value and maintain regulatory discipline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 28 Million Shares in Ongoing Buyback

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An update from Lloyds Banking ( (GB:LLOY) ) is now available.

Lloyds Banking Group has repurchased 28,003,860 of its ordinary shares on 5 March 2026 as part of its ongoing share buyback programme, with prices ranging between 96.44p and 99.54p and a volume-weighted average price of 97.7075p. The bank plans to cancel the repurchased shares, which will reduce the number of shares in circulation and is likely to enhance earnings per share and signal continued confidence in its capital position.

The latest tranche of buybacks was executed through Goldman Sachs International under instructions issued in late January 2026, aligning with previously announced capital return plans. This action underscores Lloyds Banking Group’s strategy of returning surplus capital to shareholders while maintaining regulatory discipline, and may support shareholder value through a more efficient balance sheet structure.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £109.00 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, offering retail and commercial banking, insurance and wealth management solutions. The group operates primarily in the UK market under brands such as Lloyds Bank, Halifax and Bank of Scotland, with a focus on serving retail customers, small and medium-sized enterprises and larger corporate clients.

Average Trading Volume: 187,424,496

Technical Sentiment Signal: Buy

Current Market Cap: £57.07B

For detailed information about LLOY stock, go to TipRanks’ Stock Analysis page.

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