DBS Group (OTCMKTS:DBSDY) Hits New 1-Year High – Time to Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $145.95 and last traded at $138.08, with a volume of 21694 shares traded. The stock had previously closed at $137.42.

Analyst Ratings Changes

Separately, Citigroup raised DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

DBS Group Stock Performance

The firm has a 50 day moving average price of $135.00 and a 200-day moving average price of $128.02.

DBS Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 8th will be given a dividend of $1.8021 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from DBS Group’s previous dividend of $1.64.

DBS Group Company Profile

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company’s 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.