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Lloyds Banking Group Cancels 6.5 Million Shares in Ongoing Buyback

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Lloyds Banking Group Cancels 6.5 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 6,470,669 of its ordinary shares on 18 March 2026 as part of its ongoing share buyback programme, with prices ranging between 96.2p and 98.3p and a volume-weighted average price of 97.1933p. The bank intends to cancel the repurchased shares, effectively reducing its share count, which can enhance earnings per share and reflects continued capital management and confidence in its financial position.

The transaction was executed through Goldman Sachs International under previously issued instructions dating from late January 2026, in line with regulatory requirements under the U.K.’s assimilated Market Abuse Regulation. Detailed trade-level information for the buyback is being made available via the London Stock Exchange, providing transparency for investors and other market participants regarding the execution of the programme.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £106.00 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 U.K.-based financial services group offering retail and commercial banking, insurance, and wealth management products. It focuses primarily on the U.K. market, serving individuals, small and medium-sized enterprises, and larger corporate clients through brands such as Lloyds Bank, Halifax, and Bank of Scotland.

Average Trading Volume: 194,414,884

Technical Sentiment Signal: Buy

Current Market Cap: £56.47B

See more data about LLOY stock on TipRanks’ Stock Analysis page.

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