Citi's TARP Payback Could Cheer Institutional Investors

The government's expected exit from Citigroup Inc. could trigger the re-entry of institutional investors like mutual and pension funds.

Institutional ownership in Citi is roughly 20%, the bank calculates. That makes Citigroup "one of the least owned banks" by institutional investors such as mutual funds and pension funds, J.P. Morgan Chase & Co. analyst Vivek Juneja wrote in a research report. Normally, institutions hold 70% or more of large companies' shares.

David Trone, an analyst with Macquarie Capital, whose firm's customers are institutional investors, says, "A lot of clients I talk to are afraid" of the government ownership.

Read Full Article from Wall Street Journal

- Posted: 2009-12-10 14:23:07

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