Lloyds Banking Group Cancels 15.7 Million Shares in Ongoing Buyback

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Lloyds Banking ( (GB:LLOY) ) has issued an announcement. Lloyds Banking Group has repurchased 15,675,080 of its ordinary shares on 18 May 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 94.8085 pence per share within a range of 93.6400 to 95.7200 pence. The bank intends to cancel the repurchased shares, a move that reduces the company’s share count and can enhance earnings per share, underscoring management’s capital return strategy and potentially signalling confidence in the group’s financial position and long-term prospects. 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 major U.K. financial services company focused on retail and commercial banking, insurance, and wealth management. The group operates well-known brands across the U.K. banking market, serving retail customers, small and medium-sized enterprises, and larger corporate clients. Average Trading Volume: 225,916,070 Technical Sentiment Signal: Buy Current Market Cap: £54.72B For a thorough assessment of LLOY stock, go to TipRanks’ Stock Analysis page.