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Northwestern Mutual Cuts Citigroup Stake as Quarterly Revenue Beats

Citigroup logoCitigroup
Sig0.95Sen+1.30Env0.00Soc0.00Gov0.00

Northwestern Mutual Wealth Management reduced its Citigroup holding by 14.8% in the second quarter, leaving 637,555 shares after selling 110,514. Brighton Jones LLC increased its stake to 19,990 shares. Citigroup reported quarterly revenue of $24.77B versus $23.74B expected, with net margin of 10.23%, and disclosed a dividend paid Aug. 28.

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