Societe Generale Group (OTCMKTS:SCGLY) Hits New 52-Week High - Here's Why

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $12.14 and last traded at $12.10, with a volume of 57429 shares. The stock had previously closed at $11.82.

Wall Street Analyst Weigh In

Several research firms have issued reports on SCGLY. Kepler Capital Markets lowered Societe Generale Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 2nd. UBS Group cut shares of Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Societe Generale Group Stock Performance

The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.43. The firm has a 50 day moving average of $11.06 and a 200-day moving average of $8.87. The company has a market cap of $49.06 billion, a P/E ratio of 9.50, a PEG ratio of 0.29 and a beta of 1.06.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Societe Generale Group had a return on equity of 5.57% and a net margin of 18.10%. The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $7.02 billion. As a group, sell-side analysts anticipate that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Societe Generale Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.1797 per share. The ex-dividend date was Thursday, May 22nd. This represents a dividend yield of 1.62%. Societe Generale Group's dividend payout ratio is presently 12.40%.

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.