Will Citigroup’s Savings From Job Cuts Appease These Top Institutional Shareholders?

Citigroup, Inc. (NYSE:C) has plans to restructure and have more than 11,000 job cuts which would mean savings in costs of around $2 billion over 2013 and 2014. Revenues could be impacted by as much as $300 million, while the bank will incur a pre-tax charge of $1 million in the fourth quarter and another $100 billion in the first half of 2013..

Will Citigroup, Inc.s shareholders increase their holdings? They reported owning a total of 1.995 billion shares on 09/30/2012. The shares closed at $32.71 on 09/30/2012.

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Here are the ten largest positions in Citigroup, Inc. at the end of September 30th, 2012.

Vanguard Group Inc. held 122,628,297 shares on 09/30/2012 worth $4,012,398,028. This brought the portfolio total to 0.51%.

State Street Corp. held 116,090,728 shares on 09/30/2012 worth $3,798,488,762. This brought the portfolio total to 0.56%.

Blackrock Institutional Trust Company N.A. held 79,748,451 shares on 09/30/2012 worth $2,609,369,414. This brought the portfolio total to 0.6%.

FMR LLC. held 77,056,803 shares on 09/30/2012 worth $2,521,298,688. This brought the portfolio total to 0.46%.

Capital World Investors held 75,796,574 shares on 09/30/2012 worth $2,480,063,994. This brought the portfolio total to 0.93%.

J.P Morgan & Chase Co.held 48,594,867 shares on 09/30/2012 worth $1,590,024,108. This brought the portfolio total to 0.57%.

Capital Research Global Investors held 47,588,955 shares on 09/30/2012 worth $1,557,110,666. This brought the portfolio total to 0.72%.

Wellington Management Co. LLP. held 38,498,064 shares on 09/30/2012 worth $1,259,656,701. This brought the portfolio total to 0.45%.

Invesco Ltd. held 37,403,242 shares on 09/30/2012 worth $1,223,834,124. This brought the portfolio total to 0.64%.

Northern trust corp held 36,225,189 shares on 09/30/2012 worth $1,185,288,228. This brought the portfolio total to 0.49%.

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