London Stock Exchange Group plc (LON: LSEG) ended Thursday’s session with a modest rise, as the market absorbed fresh details of its ongoing share buyback programme and continued to re‑rate the stock after October’s strong trading update.
LSEG share price snapshot for Thursday, 20 November 2025
As of the close on the London Stock Exchange today, London Stock Exchange Group plc traded at a closing quote of 8,454p–8,460p, equivalent to roughly £84.6 per share. That represents a gain of 64p, or about 0.76%, versus Wednesday’s previous close of 8,390p. [1]
Key numbers from today’s session (20 November 2025), based on Hargreaves Lansdown data: [2]
- Closing quote (bid/ask): 8,454p / 8,460p
- Day change: +64p (+0.76%)
- Opening price: 8,476p
- Intraday low / high: 8,416p / 8,500p
- Market capitalisation: ~£43.4bn
- Volume traded: ~158,800 shares
- Price/earnings ratio (trailing): ~23x
- Dividend yield (trailing): around 1.5%
Over the past year, LSEG shares have traded in a 52‑week range of roughly 8,096p to 12,185p. At tonight’s close, the stock sits: [3]
- About 4–5% above its 52‑week low
- Roughly 31% below its 52‑week high
So while the price has stabilised and recovered from the very bottom of the range, it is still well off the peak levels seen earlier in the year.
How LSEG traded versus the FTSE 100 today
The broader UK market was mildly positive. The FTSE 100 index closed around 9,558, up roughly 0.5% on the day. [4]
That means today’s +0.76% move in LSEG stock slightly outperformed the wider index, continuing a trend seen over the past six months, during which: [5]
- LSEG is up about 27% over 6 months
- And up about 22% over 12 months
However, the longer‑term picture is more muted: five‑year total price performance is only a few percent, despite strong growth in the underlying business, something several analyst notes have highlighted in recent weeks. [6]
Today’s main company news: another buyback RNS
The only price‑sensitive corporate announcement from London Stock Exchange Group on 20 November 2025 is a new “Transaction in Own Shares” RNS, confirming another tranche of its ongoing share repurchase programme. [7]
According to the announcement (reported via RNS and outlets such as MondoVisione and Investegate):
- On 19 November 2025, 206,637 ordinary shares were repurchased from Citigroup Global Markets Limited.
- The lowest price paid was 8,398p per share.
- The highest price paid was 8,548p per share.
- The volume‑weighted average price for the buyback was 8,464.43p per share.
- LSEG intends to cancel all of these shares.
Following cancellation of this latest batch, LSEG reports that it now has approximately: [8]
- 514,572,125 ordinary shares in issue (excluding treasury shares)
- 24,051,599 shares held in treasury
That leaves 514,572,125 voting shares in the company, a number shareholders can use when calculating disclosure thresholds or percentage holdings under the FCA’s transparency rules.
Today’s buyback RNS is part of a series of near‑daily repurchase disclosures throughout November, all under the same programme first flagged earlier this month. [9]
The bigger picture: LSEG’s expanded £2bn buyback plans
The November buybacks don’t exist in isolation. They’re tied to a much larger capital return story that LSEG set out in its Q3 2025 trading update on 23 October 2025. In that update, the group highlighted: [10]
- Completion of a £500m share buyback in H1 2025
- Rapid progress on a £1bn buyback programme announced on 31 July 2025
- By 22 October 2025, LSEG had already repurchased £938m of that £1bn, buying 10.5m shares at an average price of £88.95
- An intention to deploy a further £1bn of buybacks by the FY2025 results (due 26 February 2026), with about half of that extra £1bn expected to be completed during 2025
In other words, across the 2024–2026 window LSEG is in the middle of a multi‑billion‑pound buyback programme. That has several implications for today’s share price action:
- Reduced share count: Each cancelled share marginally increases existing shareholders’ percentage ownership and, all else equal, supports earnings per share (EPS).
- Support in the market: The company is a consistent buyer of its own stock, often in the same price region where it’s currently trading (today’s buyback VWAP of ~8,464p is extremely close to the closing quote). [11]
- Signal of confidence: Management has repeatedly tied the buyback to strong cash generation and balance‑sheet capacity, indicating they see value in returning surplus capital to shareholders. [12]
Fundamentals: growth still driven by data, analytics and post‑trade
Underpinning the buyback story is LSEG’s role as a global financial markets infrastructure and data provider. In the Q3 2025 trading update, the group reported: [13]
- Total income (excluding recoveries) up 6.7% (including M&A) and 6.4% on an organic constant‑currency basis
- Data & Analytics revenue up 4.9%, driven by demand for feeds, analytics APIs and AI‑related data services
- FTSE Russell income up 9.3%, helped by asset‑based fee growth of more than 18%
- Markets division income up 6.3%, underpinned by record trading volumes in fixed income and derivatives
On the valuation side, today’s close implies: [14]
- A trailing P/E multiple of around 23x FY2024 adjusted EPS (c. 363.5p)
- A dividend yield in the region of 1–1.5%, depending on whether you look at trailing or forward payouts (recent sources cite ~1.1–1.5% with roughly £1.20 per share paid over the last 12 months)
That puts LSEG firmly in the camp of a growth‑at‑a‑reasonable‑price data and infrastructure stock, rather than a high‑yield income play.
Recent strategic and AI‑related news around LSEG
Although not all of these items are dated today, they form part of the narrative investors are trading on:
- AI forecasting tool with LG: Yesterday, coverage from CoinCentral described how LG AI Research and LSEG have launched an AI‑powered equity forecast service, designed to predict four‑week stock returns for US‑listed equities. The system uses LSEG’s data and LG’s EXAONE‑BI model to generate numeric scores and textual commentary for thousands of stocks each day. [15]
- “Online Brokerage AI Revolution” event (happening today): LSEG is hosting an AI‑focused event in Limassol, Cyprus, titled “Online Brokerage AI Revolution: LSEG Content and AI Tools”, running this afternoon from 14:30 to 19:00 local time. The agenda focuses on how AI and premium market data are reshaping the retail brokerage experience. [16]
These initiatives reinforce the message from the Q3 update: LSEG wants to be seen not just as an exchange operator, but as a scaled, AI‑ready data and analytics platform.
Analyst sentiment: targets still well above today’s price
Analyst commentary in late October and early November has generally remained positive despite near‑term volatility in the share price.
For example: [17]
- KBW (Keefe, Bruyette & Woods) raised its 12‑month price target on LSEG from £115 to £119 (11,900p) on 27 October 2025, maintaining an Outperform rating. The broker cited stronger‑than‑expected gross profit and lower anticipated cost of sales, particularly around the SwapClear business and related revenue‑sharing changes.
- UBS previously increased its target from £105 to £110, keeping a Buy rating, even as it acknowledged investor concerns that AI could intensify competitive pressure in the market‑data space.
With the share price at about £84.6 today, these targets imply upside of roughly 30–40% if analyst assumptions prove correct. Of course, targets can change quickly, and they are not guarantees of future performance.
How today’s move fits into the November story
Put together, today’s modest rise in LSEG’s share price looks like a continuation, not a reversal, of the trends seen over the past few weeks:
- Buybacks providing a floor: The company is consistently in the market buying its own shares around the mid‑£80s, which appears to be helping stabilise the price a few percent above the 52‑week low. [18]
- Fundamentals broadly supportive: Q3 numbers showed mid‑single‑digit organic growth, expanding margins and strong cash generation, alongside increased guidance for EBITDA margins. [19]
- Market backdrop constructive but volatile: The FTSE 100 remains near record territory, with indices still digesting global macro news and recent swings in US tech and AI‑related stocks. [20]
- Re‑rating after a “sideways” multi‑year performance: Despite strong operational progress, LSEG’s share price over the last five years has been relatively flat compared to global equity indices, prompting debate over whether the stock offers catch‑up potential or is fairly valued given competition, regulation and execution risk. [21]
Key risks and what investors may watch next
While today’s trading session was calm, several factors will likely continue to influence LSEG’s share price in the weeks ahead:
- Execution of the enlarged buyback programme – investors will watch daily RNS filings to see at what pace and at what price the company is repurchasing stock. [22]
- Integration and partnership risks – including the ongoing build‑out of AI‑driven data products and partnerships like those with LG AI Research and other technology platforms. [23]
- Competitive pressure in data and indices – from big US data vendors and alternative trading platforms, especially as AI lowers barriers to building analytics tools. [24]
- Regulatory and macro conditions – changes in UK and global market structure, interest‑rate expectations and capital‑markets activity all affect trading volumes, clearing flows and demand for LSEG’s products. [25]
Bottom line
On 20 November 2025, London Stock Exchange Group’s share price edged higher to around 8,460p, modestly outperforming a slightly firmer FTSE 100. The key corporate news was another Transaction in Own Shares RNS, confirming that LSEG is pressing ahead with its large‑scale buyback programme and continuing to reduce its share count at prices close to today’s market level. [26]
With a mid‑20s earnings multiple, a low but growing dividend and a pipeline of AI‑driven initiatives in data and analytics, the stock remains firmly in focus for investors looking at UK‑listed financial infrastructure plays. Whether today’s gentle rise marks the start of a sustained re‑rating or simply another step in a choppy consolidation will depend on how convincingly LSEG can keep delivering on growth, margins and capital returns over the coming quarters.
Important note: This article is for information only and does not constitute investment advice or a recommendation to buy or sell any security. Share prices can go down as well as up, and you may get back less than you invest.
References
1. www.hl.co.uk, 2. www.hl.co.uk, 3. www.hl.co.uk, 4. markets.investorschronicle.co.uk, 5. www.hl.co.uk, 6. global.morningstar.com, 7. mondovisione.com, 8. mondovisione.com, 9. www.londonstockexchange.com, 10. www.lseg.com, 11. mondovisione.com, 12. www.lseg.com, 13. www.lseg.com, 14. www.hl.co.uk, 15. coincentral.com, 16. www.financemagnates.com, 17. www.investing.com, 18. mondovisione.com, 19. www.lseg.com, 20. markets.investorschronicle.co.uk, 21. global.morningstar.com, 22. www.londonstockexchange.com, 23. coincentral.com, 24. global.morningstar.com, 25. www.lseg.com, 26. mondovisione.com
