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 research report report published on Tuesday, 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 raised shares of DBS Group from a hold rating to a buy rating in a research note on Tuesday, February 16th.

Shares of OTCMKTS:DBSDY opened at $91.01 on Tuesday. The stock has a 50 day moving average of $88.80. The firm has a market cap of $58.16 billion, a price-to-earnings ratio of 17.34 and a beta of 1.11. DBS Group has a twelve month low of $56.29 and a twelve month high of $92.90. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, July 6th. Stockholders of record on Monday, May 10th will be paid a $2.1452 dividend. 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 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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