Societe Generale Group (OTCMKTS:SCGLY) Shares Up 1.3% - Here's Why

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) shares shot up 1.3% during trading on Monday . The stock traded as high as $11.80 and last traded at $11.74. 333,857 shares changed hands during trading, a decline of 18% from the average session volume of 405,090 shares. The stock had previously closed at $11.59.

Analyst Upgrades and Downgrades

Several brokerages have commented on SCGLY. UBS Group downgraded shares of Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Kepler Capital Markets downgraded shares of Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Societe Generale Group Stock Up 0.4%

The firm's fifty day moving average price is $11.38 and its 200-day moving average price is $9.40. The company has a market capitalization of $48.34 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 0.29 and a beta of 1.06. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.32 and a quick ratio of 1.32.

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

Societe Generale Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were given a dividend of $0.1797 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a yield of 1.62%. Societe Generale Group's dividend payout ratio (DPR) is currently 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.