tiprankstipranks
Trending News
More News >

Citigroup Reduces Stake in Pacific Current Group

Story Highlights
  • Citigroup’s voting power in Pacific Current Group decreased from 7.1265% to 5.5504%.
  • The change in Citigroup’s holdings is due to securities lending agreements and stock market transactions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Citigroup Reduces Stake in Pacific Current Group

Pacific Current Group Ltd ( (AU:PAC) ) has shared an announcement.

Pacific Current Group Ltd has announced a change in the interests of its substantial shareholder, Citigroup Global Markets Australia Pty Limited. The voting power of Citigroup has decreased from 7.1265% to 5.5504%, reflecting a reduction in the number of shares held. This change is due to securities lending agreements and transactions conducted in the ordinary course of business on a stock exchange. The adjustment in Citigroup’s holdings may impact Pacific Current Group’s shareholder dynamics and market perception.

More about Pacific Current Group Ltd

YTD Price Performance: 3.75%

Average Trading Volume: 369

Technical Sentiment Signal: Strong Sell

Current Market Cap: $224M

Learn more about PAC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App