London Stock Exchange Group (LSEG) Share Price Today: Buyback RNS, Q3 2025 Growth and Analyst Upside

London, 26 November 2025 – London Stock Exchange Group plc (LON: LSEG), the owner of the London Stock Exchange, Refinitiv data platforms and FTSE Russell indices, entered the mid‑week session with a quiet share price but an active capital‑returns story. A fresh “Transaction in Own Shares” RNS, steady FTSE 100 trading and ongoing index activity are shaping the narrative for investors watching LSEG today. ^[1]

Key points at a glance (26 November 2025)

Share price: LSEG closed at 8,830p, up just 2p (+0.02%) on the day, valuing the group at roughly £45.25 billion. ^[2]
Fresh buyback RNS: A new “Transaction in Own Shares” filing confirms the repurchase of 115,714 shares on 25 November 2025 at an average price of 8,714.12p, all earmarked for cancellation. ^[3]
Shrinking share count: After cancellation, total voting rights fall to 513,998,055 shares, with 24,051,599 shares held in treasury. ^[4]
Capital‑return engine: The buyback is part of a £2.0 billion share‑repurchase plan in 2025 and a further £1 billion targeted by the time of full‑year 2025 results on 26 February 2026. ^[5]
Operational momentum: Q3 2025 showed 6.4% organic income growth, margin upgrades and strong performance in Data & Analytics, FTSE Russell and clearing businesses. ^[6]
Analyst sentiment: Recent analysis highlights around 40–45% implied upside based on consensus target prices, with a full roster of “buy” recommendations – even as at least one DCF model suggests the shares trade above intrinsic value. ^[7]

LSEG share price today: quiet session after strong November bounce

At the close on 26 November 2025, Hargreaves Lansdown quotes LSEG shares at a sell price of 8,830p and buy price of 8,834p, effectively flat on the day with a 2p gain (+0.02%) versus the previous close at 8,828p. ^[8]

Intraday trading was equally restrained:

Open: 8,828p
Day high: 8,878p
Day low: 8,798p
Volume: about 150,884 shares
Market capitalisation: roughly £45.25 billion ^[9]

Despite today’s sideways move, the broader picture remains more upbeat:

1‑month performance: roughly +9.9%
1‑year performance: about +21.5%
52‑week range: approximately 8,096p – 12,185p ^[10]

In other words, LSEG has recovered from its recent lows but still trades well below last year’s peak above 12,000p, which is a key part of the bull case that the buyback is taking place at “de‑rated” valuations.

New RNS: another “Transaction in Own Shares” as buyback continues

The only new company‑specific regulatory news released for LSEG today is a daily buyback update filed via the Regulatory News Service and republished by outlets such as Mondo Visione and the London Stock Exchange’s own feeds. ^[11]

According to the 26 November 2025 announcement:

On 25 November 2025, LSEG repurchased 115,714 ordinary shares.
The shares were bought from Citigroup Global Markets Limited as part of the ongoing programme.
The price range for these trades was roughly 8,558p to 8,834p, with a volume‑weighted average price of 8,714.12p.
LSEG intends to cancel all of these shares. ^[12]

After cancellation, the share count shifts as follows:

Ordinary shares in issue (excluding treasury): 513,998,055
Treasury shares: 24,051,599
Total voting rights: 513,998,055 ^[13]

For investors, these daily RNS filings are the mechanical evidence that the buyback isn’t just an announcement – it is steadily reducing the free float and, over time, boosting earnings per share (EPS) and ownership percentage for remaining shareholders.

How today’s RNS fits into LSEG’s wider £3.5bn capital‑allocation plan

Today’s relatively small block of 115k shares sits inside a much larger capital‑allocation framework outlined in LSEG’s Q3 2025 trading update. ^[14]

Key elements of that plan include:

Total 2025 capital deployment of around £3.5 billion across dividends, M&A and buybacks. ^[15]
Dividends of about £0.72 billion for the year. ^[16]
A £2.0 billion share‑buyback programme in 2025, on top of previous buybacks. As of 22 October 2025, LSEG had already repurchased approximately £938 million of a £1 billion programme announced earlier in the year, buying 10.5 million shares at an average price just under £89. ^[17]
A new £1 billion buyback to be completed by the time of full‑year 2025 results on 26 February 2026, with roughly half of that expected to be executed before year‑end 2025. ^[18]

Alongside the buyback, LSEG has re‑engineered part of its Post Trade division:

A consortium of 11 global banks agreed to acquire 20% of Post Trade Solutions (PTS), valuing the whole unit at about £850 million.
LSEG also increased its share of revenues from SwapClear, paying around £1.15 billion in total, mostly in 2025.
These moves are expected to lift the Markets division EBITDA margin by about 250 basis points and Group margins by around 100 bps, while being 2–3% accretive to adjusted EPS in 2025. ^[19]

Put together, today’s buyback RNS is one more brick in an aggressive capital‑returns and optimisation strategy that LSEG’s management has framed as a core driver of long‑term shareholder value.

Q3 2025: solid growth and upgraded margin guidance

Although no fresh earnings data dropped today, the Q3 2025 trading update remains the key anchor for fundamental analysis of LSEG. ^[20]

Headline numbers for the quarter:

Total income (excluding recoveries): up 6.7% including M&A and 6.4% on an organic constant‑currency basis, to £2,219m. ^[21]
Data & Analytics division: +4.9% organic growth, driven by real‑time feeds, analytics APIs and AI‑enhanced content distribution. ^[22]
FTSE Russell: income up 9.3% organically, with particularly strong 18% growth in asset‑based revenues on the back of index‑linked inflows and market strength. ^[23]
Risk Intelligence: nearly 14% organic growth, reflecting demand for World‑Check screening, identity verification and sanctions monitoring tools. ^[24]
Markets (trading & clearing): 6.3% organic growth, with record volumes across Tradeweb platforms and double‑digit growth in several fixed‑income and derivatives categories. ^[25]

On the back of this performance – and the SwapClear/PTS deal – LSEG:

Raised its 2025 EBITDA margin guidance to the top of the previous range, expecting around 200 bps of margin improvement when including the changes in revenue‑sharing. ^[26]
Reaffirmed guidance for 6.5–7.5% organic income growth and equity free cash flow of at least £2.4bn in 2025. ^[27]

For today’s investor, this context matters: the incremental buyback RNS is occurring against a backdrop of steady mid‑single‑digit to high‑single‑digit growth and tightening margins – not a distressed attempt to prop up a shrinking business.

FTSE Russell and indices: today’s activity underlines LSEG’s reach

Even when LSEG itself isn’t issuing major strategic updates, its index arm FTSE Russell shows up in news flow almost daily – including today.

Two examples from 26 November 2025:

USA Rare Earth and the Russell 2000 index
USA Rare Earth announced that it has been included on FTSE Russell’s preliminary list of IPO additions to the Russell 2000 Index, with index inclusion expected to become effective on 22 December 2025, subject to the usual review. ^[28]
- The release emphasises that FTSE Russell is wholly owned by London Stock Exchange Group, underlining how LSEG monetises global equity flows via index licensing.
Changes to UK gilt indices
A separate FTSE Russell notice confirms that the 4⅛% UK Treasury Gilt 2031 will see its nominal amount increased in several FTSE Actuaries UK Gilts indices with effect from 26 November 2025, reflecting recent government bond issuance. ^[29]

These may sound technical, but they matter commercially. They illustrate the recurring, rules‑based nature of FTSE Russell’s revenues: as new companies list or gain sufficient size, and as governments issue debt, LSEG captures additional index and data fees.

What the market is saying: bullish brokers vs cautious models

Analyst and broker perspectives

A recent 24 November 2025 analysis on Directorstalk Interviews painted a notably bullish picture: ^[30]

As of that date, LSEG traded around 8,602p, with a 52‑week range roughly 8,138p–12,095p.
Analyst consensus: about 15 “buy” ratings, with no holds or sells reported in that piece.
Target prices: a range of 11,000p–13,790p, with an average around 12,296p – implying approximately 43% upside from the mid‑8,000s level at the time.

Even after today’s mild rise to 8,830p, that average target still suggests roughly 39–40% potential upside if brokers are broadly right. ^[31]

The same article highlights:

Revenue growth around 6.4%, consistent with the official Q3 update. ^[32]
A dividend yield of about 1.6% and a payout ratio near 70%, signalling a balance between cash returns and reinvestment capacity. ^[33]
A substantial free cash flow figure (cited at £2.6bn), reinforcing why management can fund both buybacks and investment. ^[34]

Earlier broker commentary also supports the positive tone: Citigroup recently raised its price target on LSEG and reiterated a “buy” stance following LSEG’s Innovation Forum and AI‑focused strategy updates. ^[35]

Quant and DCF models

Not every model agrees with the bullish narrative. The valuation site valueinvesting.io estimates an intrinsic value of about 4,760.9p per share for LSEG as of 25–26 November 2025, based on a discounted cash‑flow framework. With the current market price around 8,830p, that model implies negative “upside” of roughly 46% – in other words, it sees LSEG as significantly overvalued on its assumptions. ^[36]

The gap between:

Broker targets (suggesting large upside), and
Some DCF models (suggesting downside)

highlights how sensitive long‑duration, high‑quality infrastructure stocks are to growth, margin and discount‑rate assumptions. For news readers, the key takeaway is not that one side is “right” today, but that LSEG sits at the intersection of strong fundamentals and valuation debate, which can amplify share price moves when sentiment shifts.

Macro backdrop: UK budget jitters & hedge‑fund positioning

LSEG’s fortunes are also tied to the broader UK market, which is heavily in focus this week ahead of Chancellor Rachel Reeves’ budget.

A Reuters column today noted that UK bond markets are being cushioned by falling U.S. yields ahead of the budget, with the FTSE 100 and FTSE 250 both rallying on Tuesday in anticipation of a policy mix that tightens fiscally but may allow further rate cuts from the Bank of England. ^[37]
Another Reuters piece highlighted that stock‑picking hedge funds currently hold their largest short positions since 2023 in UK domestically exposed stocks, reflecting caution around higher taxes and slower growth. ^[38]

LSEG itself is less cyclical than many UK domestic names, thanks to its globally diversified data and index revenues, but:

Trading volumes, listings activity and clearing flows still depend on risk appetite, interest‑rate expectations and capital‑markets sentiment.
UK underperformance in global equity allocations can affect how international investors value LSEG versus U.S. or European peers. ^[39]

Against this backdrop, the buyback acts as a stabiliser: when macro news pushes UK financials around, LSEG is often in the market as a price‑sensitive buyer of its own stock, as we saw again in yesterday’s trades disclosed this morning.

What to watch next for LSEG shareholders

Looking beyond today’s modestly positive close and routine buyback RNS, several catalysts loom for LSEG:

Progress of the £1bn incremental buyback
Investors will keep tracking daily RNS filings to see at what pace and price LSEG continues to repurchase stock through the end of 2025 and into early 2026. ^[40]
UK budget and macro reaction
The impact of tax and spending decisions on UK asset valuations, risk appetite and FX markets will filter through to trading, clearing and index flows – all key drivers for LSEG. ^[41]
Execution on AI and data strategy
LSEG has been vocal about integrating its data into platforms like Microsoft 365 Copilot, Databricks and other AI‑enabled workflows, positioning itself as more than a traditional exchange. Investors will watch for updates on client adoption and pricing power here. ^[42]
Regulatory and competitive landscape
With rivals in the U.S. and Europe sharpening their own data and analytics offerings, and regulators exploring new market‑structure initiatives (such as the UK’s PISCES private‑markets platform), any rule changes that alter trading or data economics will be scrutinised closely. ^[43]

Bottom line: steady day, powerful underlying story

For 26 November 2025, London Stock Exchange Group plc delivered:

A calm trading session in its shares,
A routine – but meaningful – buyback update, and
Ongoing evidence that its index and data franchises remain central to global markets.

There was no new profit warning, takeover rumour or strategy pivot – just another incremental step in a multi‑year programme of share repurchases, portfolio reshaping and AI‑driven product development.

For investors and market‑watchers, today’s message is straightforward: LSEG remains a high‑quality, cash‑generative infrastructure and data business, steadily reducing its share count while navigating a complex macro and valuation environment.

As always, this article is for information only and does not constitute investment advice. Anyone considering buying or selling LSEG shares should conduct their own research and, where appropriate, seek guidance from a regulated financial adviser.