Lloyds Banking Group Repurchases and Cancels Over 28 Million Shares

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

Lloyds Banking Group has executed a substantial repurchase of its own ordinary shares as part of its ongoing share buyback programme. The bank bought 28,174,401 shares on 2 March 2026 at a volume-weighted average price of 99.4738 pence, with the purchases carried out via Goldman Sachs International.

The group plans to cancel all of the repurchased shares, which will reduce the overall number of shares in issue and can enhance earnings per share for investors. The transaction underscores Lloyds Banking Group’s continued focus on capital returns to shareholders within the framework of its previously announced buyback mandate.

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 U.K. financial services provider focused on retail and commercial banking, insurance, and wealth management. The group operates primarily in the British market, offering current accounts, mortgages, loans, savings, and related financial products to individuals and businesses.

Average Trading Volume: 176,979,599

Technical Sentiment Signal: Buy

Current Market Cap: £60.35B

For a thorough assessment of LLOY stock, go to TipRanks’ Stock Analysis page.