Banco Bradesco S A (NYSE:BBD) Price Rose While Prince Street Capital Management Llc Trimmed Position by $16.76 Million

May 17, 2018 - By Julie Barnes

Prince Street Capital Management Llc decreased its stake by 83.83% in Banco Bradesco S A (NYSE:BBD), according to 2018Q1 SEC form. The company’s stock Popped Up 14.88% while Prince Street Capital Management Llc sold 1.52 million shares. At the end of 2018Q1, the 294,000 shares of the major banks company held by the institutional investor were priced at $3.49M, down from 1.82 million at the end of the previous reported quarter. Prince Street Capital Management Llc has risen its stake in Randgold Res Ltd (NASDAQ:GOLD) and also increased its holding in Ishares Tr (Put) (EEM) by 900,000 shares in the quarter, for a total of 1.70M shares.

Prince Street Capital Management Llc is a New York-based institutional investor with more than $1.36 billion AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Prince Street Capital Management latest Adv, the fund reported to have 20 full and part-time employees. Among which 11 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Banco Bradesco S.A. (NYSE:BBD) Ratings Coverage

In total 2 analysts cover Banco Bradesco SA (NYSE:BBD). “Buy” rating has 2, “Sell” are 0, while 0 are “Hold”. (NYSE:BBD) has 100% bullish analysts. 2 are the (NYSE:BBD)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Monday, January 22 the rating was upgraded by J.P. Morgan to “Buy”. On Thursday, January 18 Citigroup upgraded the shares of BBD in report to “Buy” rating.

Banco Bradesco S.A. provides banking and financial services and products to individuals, companies, and firms and institutions.The company has $58.79 billion market cap. The firm operates in two divisions, Banking; and Insurance, Pension Plans and Capitalization Bond.13.66 is the P/E ratio. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.

Banco Bradesco S.A. (NYSE:BBD) Analyst Ratings Chart

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