DBS Group (OTCMKTS:DBSDY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of DBS Group (OTCMKTS:DBSDY) from a buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “DBS Group Holdings Ltd is the holding company of DBS Bank and is one of the largest companies in terms of market capitalisation whose shares are listed on the Singapore Exchange. DBS Group Holdings Ltd and its subsidiaries form one of the largest banking groups in the region in terms of shareholders’ funds and total assets. DBS is also a leading bank in Hong Kong. “

Separately, Jefferies Financial Group upgraded shares of DBS Group from a hold rating to a buy rating in a research note on Tuesday, February 16th.

Shares of DBSDY stock opened at $91.01 on Tuesday. DBS Group has a 52-week low of $56.29 and a 52-week high of $92.90. The firm has a market cap of $58.16 billion, a PE ratio of 17.34 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $88.80.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 6th. Investors of record on Monday, May 10th will be given a dividend of $2.1452 per share. This represents a $8.58 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date is Friday, May 7th. DBS Group’s dividend payout ratio (DPR) is currently 37.33%.

About DBS Group

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.

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