LONDON, June 25, 2026, 10:09 BST
- The stock gained around 1.3% to 514p. The FTSE 100 was up 0.3%.
- Barclays’ £500 million buyback took out 110.06 million shares at an average price of 454.2957p each.
- About 92.1% of shares changed hands ahead of the last three sessions of the programme, with an implied average price near 449.6p.
- Barclays finished two buyback programmes in 2026, buying back and retiring 344.91 million shares at an average price close to 434.9p.
Barclays PLC (LON:BARC) shares climbed in London early Thursday after the bank finished its latest share buyback. The stock changed hands near the top of its 507.7p to 515.8p session range.
Barclays bought 110,060,483 shares for cancellation, according to the filing. Once the final purchases are cancelled, issued share capital will drop to 13,506,618,629 shares.
At 514p, £500 million gets about 97.28 million Barclays shares. The full programme took out 12.78 million more shares, making it a 13.1% rise in shares retired for the same outlay.
Picking up 110.06 million shares at Thursday’s price comes to £565.7 million. Barclays paid around £65.7 million less than that.
Just 8.66 million shares changed hands in the last three sessions, with an average price close to 509.8p. That means the earlier 101.41 million shares were bought at about 449.6p each. Most of the buying finished before the stock climbed past 500p.
The bar is higher for the next buyback. At 514p, spending another £500 million would buy about 12% fewer shares than the last programme.
Barclays’ previous £1 billion buyback saw the bank purchase 234.85 million shares at an average 425.8014p each. With the new buyback added in, Barclays has now used £1.5 billion to cancel 344.91 million shares.
With £1.5 billion now, buyers would get 291.83 million shares at 514p each, which is 53.08 million less than before. To buy the full 344.91 million-share block at current prices would take about £1.77 billion—around £273 million more than the previous spend.
The buyback comes with a book-value hit. Barclays paid an average 454.3p for its latest buyback, 12.2% higher than its March tangible net asset value of 405p a share. On Thursday, shares traded about 27% over that figure. “The case for such a scheme is less compelling now the shares no longer trade below book value,” said Russ Mould, investment director at AJ Bell. AJ Bell
Barclays’ £500 million programme landed short of the £614 million estimate analysts gave after first-quarter results. The bank had already taken a £228 million hit for failed mortgage lender MFS in that quarter.
Berenberg analyst Michael Christodoulou began coverage Wednesday, issuing a buy rating and set a 620p price target. Christodoulou said Barclays is “remains unjustifiably cheap relative to European and US peers,” with estimated 2027 return on tangible equity at 14.3%. Investing
Barclays CEO C.S. Venkatakrishnan said after the bank’s Q1 numbers that a 14.1% CET1 ratio and ongoing capital generation “support our plan to return at least £15 billion to shareholders by 2028.” LinkedIn
Barclays US LLC kept capital ratios above the regulatory floor in every quarter of the Federal Reserve’s most recent nine-quarter stress test. The Fed said it won’t reset the stress capital buffers next year. The next reset comes after the 2027 test.
Barclays is set to post first-half results on July 28. Investors will watch for the latest tangible book value and capital ratios.
