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Lloyds Banking Group Cancels Nearly 31 Million Shares in Ongoing Buyback

Story Highlights
  • Lloyds Banking repurchased 30.9 million shares on 6 March 2026 under its ongoing buyback programme.
  • The bank will cancel the bought-back shares, aiming to reduce share count and support shareholder returns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lloyds Banking Group Cancels Nearly 31 Million Shares in Ongoing Buyback

Meet Samuel – Your Personal Investing Prophet

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

Lloyds Banking Group has executed another tranche of its ongoing share buyback programme, repurchasing 30,889,591 ordinary shares on 6 March 2026 through Goldman Sachs International. The shares were acquired at prices ranging between 94.5p and 98.1p, with a volume-weighted average price of 95.872p per share.

These repurchased shares will be cancelled, reducing the company’s share count and potentially enhancing earnings per share and capital returns for investors. The transaction underscores Lloyds Banking Group’s continued commitment to capital management and shareholder distributions within the framework of its previously announced buyback instructions.

The most recent analyst rating on (GB:LLOY) stock is a Buy with a £105.00 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 U.K.-based financial services group, operating primarily in retail and commercial banking, insurance, and wealth management. The group focuses on serving individuals, small and medium-sized enterprises, and corporate clients across the U.K. through brands such as Lloyds Bank, Halifax, and Bank of Scotland.

Average Trading Volume: 188,614,954

Technical Sentiment Signal: Buy

Current Market Cap: £56.13B

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

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