Northwestern Mutual Cuts Citigroup Stake as Quarterly Revenue Beats
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.