The latest announcement is out from Lloyds Banking ( (GB:LLOY) ).
Lloyds Banking Group PLC announced the purchase of 4,983,700 of its ordinary shares as part of its ongoing share buyback program. These shares were bought from Morgan Stanley & Co. International plc at a volume-weighted average price of 68.0125 pence per share. The company intends to cancel these shares, which is a strategic move to enhance shareholder value and optimize capital structure.
More about Lloyds Banking
Lloyds Banking Group PLC operates in the financial services industry, primarily providing banking and financial services to individuals and businesses. The company focuses on retail and commercial banking, insurance, and wealth management services, primarily in the UK market.
YTD Price Performance: 22.89%
Average Trading Volume: 152,603,762
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £40.84B
For detailed information about LLOY stock, go to TipRanks’ Stock Analysis page.