Keefe, Bruyette & Woods Lowers Julius Bär Gruppe (OTCMKTS:JBAXY) to Underperform

Keefe, Bruyette & Woods downgraded shares of Julius Bär Gruppe (OTCMKTS:JBAXY – Get Rating) from a market perform rating to an underperform rating in a research note published on Tuesday morning, The Fly reports.

Separately, Barclays raised Julius Bär Gruppe from an equal weight rating to an overweight rating in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $61.80.

Julius Bär Gruppe Stock Down 8.2 %

Shares of OTCMKTS:JBAXY opened at $12.81 on Tuesday. The business’s 50 day moving average price is $13.63 and its 200-day moving average price is $12.68. Julius Bär Gruppe has a 1 year low of $8.17 and a 1 year high of $14.69.

Julius Bär Gruppe Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 3rd. Shareholders of record on Tuesday, April 18th were issued a dividend of $0.3219 per share. This is an increase from Julius Bär Gruppe’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, April 17th. This represents a yield of 2.38%. Julius Bär Gruppe’s dividend payout ratio is 119.40%.

About Julius Bär Gruppe

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Julius Bär Gruppe AG engages in the provision of private banking services. Its services include discretionary mandates, investment advisory, open product and service platform, financial market services, investor services, financing, and wealth planning. The company was founded by Raymond Julius Baer in 2009 and is headquartered in Zurich, Switzerland.