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Lloyds Banking Group Executes Major Share Buyback

Lloyds Banking Group Executes Major Share Buyback

Lloyds Banking Group (LYG) has released an update.

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Lloyds Banking Group plc has announced a significant share buyback, purchasing 31,724,786 of its own shares through a transaction with Morgan Stanley & Co. International plc. The shares, acquired at prices ranging between 52.20 to 52.88 pence per share, are part of an ongoing buyback program and are set to be cancelled by the company.

For further insights into LYG stock, check out TipRanks’ Stock Analysis page.

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