tiprankstipranks
Advertisement
Advertisement

Lloyds Banking Group Cancels 8 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking Group advanced its ongoing share buyback, repurchasing stock through its broker.
  • The bank bought 8 million shares on 26 February 2026 and will cancel them to boost shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels 8 Million Shares in Ongoing Buyback

Claim 55% Off TipRanks

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

Lloyds Banking Group has continued its capital return strategy with another tranche of share repurchases under its existing buyback programme. The bank, working through Goldman Sachs International as broker, is focusing on reducing its share count, which can enhance earnings per share and signal confidence in its financial strength.

On 26 February 2026 the group bought 8,000,000 ordinary shares at prices between 104.0500p and 104.9500p, with a volume-weighted average of 104.4873p. The company intends to cancel all of these shares, reinforcing its commitment to shareholder value and tightening its equity base as part of its ongoing buyback plan.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £125.00 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 institution, operating primarily in retail and commercial banking. The group provides a broad range of banking and financial products to individuals, businesses, and institutions, with a strong focus on the UK market and shareholder returns through disciplined capital management.

Average Trading Volume: 177,773,192

Technical Sentiment Signal: Buy

Current Market Cap: £60.23B

Learn more about 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