Societe Generale Group (OTCMKTS:SCGLY) Trading Down 3.4% - Here's What Happened

Key Points

• Societe Generale Group shares fell by 3.4% during trading, dropping to a low of $12.53 before closing at $12.68, with a significant increase in trading volume by 473% compared to the average.
• The company received mixed analyst ratings, including a downgrade to "strong sell" by Zacks Research and a "buy" upgrade from UBS Group, leading to a consensus rating of "Moderate Buy".
• Societe Generale recently announced a dividend of $0.109 per share, scheduled for payment on October 24th, representing a substantial yield of 216.0%.

Shares of Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) dropped 3.4% during trading on Friday . The stock traded as low as $12.53 and last traded at $12.68. Approximately 2,333,445 shares traded hands during trading, an increase of 473% from the average daily volume of 407,462 shares. The stock had previously closed at $13.13.

Analyst Ratings Changes

A number of brokerages have weighed in on SCGLY. Zacks Research downgraded shares of Societe Generale Group from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. UBS Group raised Societe Generale Group from a "neutral" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, Barclays reissued an "overweight" rating on shares of Societe Generale Group in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Societe Generale Group presently has a consensus rating of "Moderate Buy".

Societe Generale Group Stock Performance

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.32. The firm's 50-day moving average is $13.11 and its two-hundred day moving average is $11.60. The stock has a market cap of $49.78 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.40 and a beta of 1.08.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts expect 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 will be paid on Friday, October 24th. Investors of record on Tuesday, October 7th will be paid a dividend of $0.109 per share. This represents a yield of 216.0%. The ex-dividend date of this dividend is Monday, October 6th. Societe Generale Group's dividend payout ratio is currently 18.44%.

About Societe Generale Group

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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