Are Citigroup’s Colossal Shareholders Trimming Holdings for This Reason?
After 5 months of trading in 2012, Citigroup’s (NYSE:C) shares are up 0.65 percent. In the past 5 trading days, shares of Citigroup have risen over 10%. On Friday, the company said it won’t seek seek permission to raise payouts as noted in its 2012 proposal to regulators, reported Bloomberg. In a statement, the company said it “will make decisions regarding the 2013 capital plan later this year. Citi will continue to build its capital levels for the benefit of our shareholders.”
The announcement came after the bank’s Chief Executive Officer Vikram Pandit tried for two years to increase 2012 rewards for shareholders. Back in March, he said he would seek approval for a “meaningful” payout after the Fed Reserve objected to the company’s first submission for the year.
With the bank’s retreat in its push for 2012 payouts, will Citigroup’s largest shareholders decrease their positions? 833 institutional firms indicated owning shares of Citigroup, Inc. (NYSE:C) in Q1 2012. These firms reported owning a total of 1.411 billion shares on 03/31/2012 . The shares closed at $36.54 on 03/31/2012.
Here are the ten largest positions in Citigroup, Inc. at the end of March 31st, 2012.
Vanguard Group Inc held 117,934,057 shares on 03/31/2012 worth $4,310,489,693.
State Street Corp held 110,405,904 shares on 03/31/2012 worth $4,035,335,707.
FMR LLC held 89,039,356 shares on 03/31/2012 worth $3,254,388,394.
Blackrock Institutional Trust Company N.A. held 76,519,531 shares on 03/31/2012 worth $2,796,788,800.
JPMorgan Chase & Co held 56,272,371 shares on 03/31/2012 worth $2,056,755,117.
Franklin Resources Inc held 38,897,490 shares on 03/31/2012 worth $1,421,703,230.
Alliancebernstein L.P. held 38,343,799 shares on 03/31/2012 worth $1,401,465,824.
Bank of New York Mellon Corp held 34,800,021 shares on 03/31/2012 worth $1,271,940,741.
Invesco Ltd. held 33,115,323 shares on 03/31/2012 worth $1,210,365,030.
Blackrock Group Ltd held 24,427,775 shares on 03/31/2012 worth $892,835,158.
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