---
title: "Lloyds Banking Group Cancels 32.3 Million Shares in Ongoing Buyback"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286136688.md"
description: "Lloyds Banking Group has repurchased 32.3 million shares as part of its ongoing buyback program, with prices between 93.92 pence and 95.30 pence. The shares will be canceled to enhance capital efficiency and return value to shareholders. The transaction was executed through Goldman Sachs International, ensuring regulatory compliance. Analysts rate Lloyds stock as a Buy with a £115.00 price target, while TipRanks’ AI Analyst gives it a Neutral score due to mixed financial signals. Lloyds is a major UK financial services group focused on retail and commercial banking."
datetime: "2026-05-12T17:12:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286136688.md)
  - [en](https://longbridge.com/en/news/286136688.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286136688.md)
---

# Lloyds Banking Group Cancels 32.3 Million Shares in Ongoing Buyback

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

Lloyds Banking Group has repurchased 32,331,351 of its ordinary shares on 12 May 2026 as part of its ongoing share buyback programme, with prices ranging between 93.92 pence and 95.30 pence and a volume-weighted average price of 94.5432 pence. The bank intends to cancel these shares, which will reduce the number of shares in issue and is typically aimed at enhancing capital efficiency and returning value to shareholders.

The transaction was executed through Goldman Sachs International, acting as broker under instructions initially issued by Lloyds on 29 January 2026 and previously announced at the end of that month. Detailed trade-level information for this tranche of the buyback has been made available via a published schedule in line with Market Abuse Regulation disclosure requirements, underscoring regulatory compliance and transparency for investors.

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 UK-based financial services group focused on retail and commercial banking, offering current accounts, mortgages, loans, savings and insurance to individuals and businesses. It operates primarily in the United Kingdom and is one of the country’s largest high-street banking groups by assets and customer base.

**Average Trading Volume:** 227,531,565

**Technical Sentiment Signal:** Buy

**Current Market Cap:** £57.71B

Find detailed analytics on LLOY stock on TipRanks’ Stock Analysis page.

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