Societe Generale Group (OTCMKTS:SCGLY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Societe Generale Group experienced a significant increase in trading volume on Friday, with approximately 1,554,332 shares changing hands, a rise of 186% compared to the previous session.
• Analysts have varying outlooks on the stock, with ratings ranging from Strong Sell to Buy, leading to a consensus rating of Moderate Buy for the shares.
• The company announced a $0.109 dividend to be paid on October 24th, representing a 216.0% dividend yield and a payout ratio of 18.44%.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,554,332 shares changed hands during trading, an increase of 186% from the previous session's volume of 543,580 shares.The stock last traded at $12.58 and had previously closed at $13.13.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SCGLY shares. Zacks Research downgraded Societe Generale Group from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. Barclays reiterated an "overweight" rating on shares of Societe Generale Group in a report on Monday, August 4th. Finally, UBS Group upgraded Societe Generale Group from a "neutral" rating to a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Societe Generale Group Stock Performance

The stock has a market capitalization of $49.35 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.38 and a beta of 1.08. The stock has a 50 day moving average of $13.13 and a 200 day moving average of $11.58. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.32 and a current ratio of 1.32.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $6.58 billion. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%. Equities analysts predict that Societe Generale Group will post 1.14 EPS for the current year.

Societe Generale Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 24th. Stockholders of record on Tuesday, October 7th will be issued a $0.109 dividend. The ex-dividend date is Monday, October 6th. This represents a dividend yield of 216.0%. Societe Generale Group's dividend payout ratio is 18.44%.

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.

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