Bill Ackman Cuts Citigroup, Adds Procter & Gamble
In the second-quarter, Ackman owned 1.1 million shares of the New York-based bank. By the third-quarter, Ackman had sold all of it.
He added to his call position in Procter & Gamble. In addition to the options, Ackman owns more than 27.8 million shares in the Cincinnati, OH.-based consumer products conglomerate. A call is the right to own shares at a predetermined price.
Shares of Citigroup fell 3.15% today to close at $35.02, while Procter & Gamble fell 0.48% to close at $66.53.
Interested in more on Citigroup? See TheStreet Ratings' report card for this stock.
--Written by Chris Ciaccia in New York
>Contact by Email.