Lloyds Banking ( (LYG) ) has issued an update.
On April 2, 2025, Lloyds Banking Group plc announced the purchase of 5,858,530 of its ordinary shares from Morgan Stanley & Co. International plc as part of its existing share buyback program. The shares were bought at a volume-weighted average price of 72.2092 pence per share, with the highest price paid being 72.6800 pence and the lowest 71.9000 pence. This move is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, which can potentially increase earnings per share and improve market perception.
More about Lloyds Banking
Lloyds Banking Group plc is a prominent financial services company based in the United Kingdom, primarily engaged in offering a wide range of banking and financial services. The company is known for its focus on retail and commercial banking, insurance, and wealth management services, catering to a diverse clientele across the UK.
YTD Price Performance: 41.11%
Average Trading Volume: 28,435,935
Technical Sentiment Signal: Sell
Current Market Cap: $56.23B
Learn more about LYG stock on TipRanks’ Stock Analysis page.