Societe Generale Group (OTCMKTS:SCGLY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $12.81 and last traded at $12.68, with a volume of 30552 shares changing hands. The stock had previously closed at $12.01.
The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $6.58 billion.
Societe Generale Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were given a $0.1797 dividend. This represents a yield of 162.0%. The ex-dividend date was Thursday, May 22nd. Societe Generale Group's dividend payout ratio is currently 12.40%.
Wall Street Analysts Forecast Growth
Separately, UBS Group lowered Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
View Our Latest Stock Analysis on Societe Generale Group
Societe Generale Group Price Performance
The firm has a market capitalization of $50.42 billion, a PE ratio of 8.94, a PEG ratio of 0.40 and a beta of 1.12. The stock has a 50-day moving average price of $11.50 and a 200 day moving average price of $9.62. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.32.
Societe Generale Group Company Profile
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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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