UBS Group upgraded shares of Societe Generale Group (OTCMKTS:SCGLY - Free Report) from a neutral rating to a buy rating in a report issued on Tuesday morning, Marketbeat reports.
Societe Generale Group Price Performance
OTCMKTS:SCGLY traded up $0.26 during trading hours on Tuesday, reaching $13.50. The company had a trading volume of 374,683 shares, compared to its average volume of 356,908. The stock has a 50-day moving average of $11.71 and a two-hundred day moving average of $9.87. Societe Generale Group has a one year low of $4.42 and a one year high of $13.54. The firm has a market capitalization of $52.48 billion, a PE ratio of 9.57, a PEG ratio of 0.38 and a beta of 1.12. 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 (OTCMKTS:SCGLY - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $6.58 billion. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%. Analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current 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 $0.1797 dividend. This represents a dividend yield of 162.0%. The ex-dividend date of this dividend was Thursday, May 22nd. Societe Generale Group's payout ratio is currently 11.35%.
About Societe Generale Group
(
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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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