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Lloyds Banking Group Cancels 6.9 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group repurchased 6.9 million ordinary shares as part of its buyback programme.
  • The bank will cancel these shares, reducing share count and signalling confidence in its capital strength.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 6.9 Million Shares in Ongoing Buyback

Meet Samuel – Your Personal Investing Prophet

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

Lloyds Banking Group has repurchased 6,925,854 of its ordinary shares on 20 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 97.0080 pence per share within a trading range of 96.18 to 98 pence. The bank plans to cancel the repurchased shares, a move that will reduce its share count and is likely to enhance earnings per share and signal continued confidence in its capital position and future performance.

The transaction was executed through Goldman Sachs International under instructions first issued in late January 2026, indicating a structured approach to returning capital to shareholders over time. By continuing to buy back and cancel shares, Lloyds underscores its commitment to capital discipline and shareholder value, aligning its actions with broader sector trends in capital optimisation and distributions in the U.K. banking industry.

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 major U.K. financial services provider focused on retail and commercial banking, offering current accounts, mortgages, loans and related services to individuals and businesses. The group plays a significant role in the domestic banking market and is closely watched by investors for its capital management and shareholder return policies.

Average Trading Volume: 222,577,653

Technical Sentiment Signal: Strong Buy

Current Market Cap: £55.39B

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

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