Will Citigroup’s Cash Changes Impress These Top Institutional Shareholders?

Citigroup (NYSE:C) has considered cutting its cash on hand by nearly $35 billion, assisting the bank in purchasing higher yielding assets or redeeming expensive debt to boost earnings, Reuters reported. Furthermore, making the change signifies that the management of the third-largest U.S. bank by assets, which was rescued three times by the U.S. government in the financial crisis, continues to gain confidence that its worst troubles are well behind it. It is possible that this move could give a 2 percent boost to Citigroup’s bottom line during the year and keep the bank’s lending margins relatively strong although competitors have suffered from low interest rates.

These institutional firms indicated owning shares of Citigroup in Q4 2012. They reported owning a total of 2.156 billion shares on 12/31/2012. The shares closed at $39.55 on 12/31/2012.

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Here are the ten largest positions in Citigroup at the end of December 31, 2012.

Vanguard Group Inc held 125,758,538 shares on 12/31/2012 worth $4,975,007,936. This brought the portfolio total to 0.62 percent.

State Street Corp held 120,281,148 shares on 12/31/2012 worth $4,758,322,380. This brought the portfolio total to 0.69 percent.

FMR LLC held 86,616,583 shares on 12/31/2012 worth $3,426,552,142. This brought the portfolio total to 0.62 percent.

Capital World Investors held 79,340,074 shares on 12/31/2012 worth $3,138,693,436. This brought the portfolio total to 1.16 percent.

Blackrock Institutional Trust Company N.A. held 78,713,843 shares on 12/31/2012 worth $3,113,919,737. This brought the portfolio total to 0.73 percent.

Jpmorgan Chase & Co held 58,600,639 shares on 12/31/2012 worth $2,318,241,359. This brought the portfolio total to 0.8 percent.

Wellington Management Co LLP held 48,819,333 shares on 12/31/2012 worth $1,931,292,881. This brought the portfolio total to 0.13 percent.

Bank of New York Mellon Corp held 38,375,309 shares on 12/31/2012 worth $1,518,127,277. This brought the portfolio total to 0.54 percent.

Invesco Ltd. held 37,941,648 shares on 12/31/2012 worth $1,500,971,647. This brought the portfolio total to 0.79 percent.

Northern Trust Corp held 36,731,980 shares on 12/31/2012 worth $1,453,117,179. This brought the portfolio total to 0.6 percent.

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