tiprankstipranks
Advertisement
Advertisement

Lloyds Banking Group Cancels 32.3 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 32.3 million shares on 12 May 2026 under its buyback programme.
  • The bank will cancel the repurchased shares, aiming to reduce share count and support shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 32.3 Million Shares in Ongoing Buyback

Meet Samuel – Your Personal Investing Prophet

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

Lloyds Banking Group has repurchased 32,331,351 of its ordinary shares on 12 May 2026 as part of its ongoing share buyback programme, with prices ranging between 93.92 pence and 95.30 pence and a volume-weighted average price of 94.5432 pence. The bank intends to cancel these shares, which will reduce the number of shares in issue and is typically aimed at enhancing capital efficiency and returning value to shareholders.

The transaction was executed through Goldman Sachs International, acting as broker under instructions initially issued by Lloyds on 29 January 2026 and previously announced at the end of that month. Detailed trade-level information for this tranche of the buyback has been made available via a published schedule in line with Market Abuse Regulation disclosure requirements, underscoring regulatory compliance and transparency for investors.

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 UK-based financial services group focused on retail and commercial banking, offering current accounts, mortgages, loans, savings and insurance to individuals and businesses. It operates primarily in the United Kingdom and is one of the country’s largest high-street banking groups by assets and customer base.

Average Trading Volume: 227,531,565

Technical Sentiment Signal: Buy

Current Market Cap: £57.71B

Find detailed analytics on LLOY stock on 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