Schroder Investment Management Group Has $35.24 Million Stake in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Schroder Investment Management Group lifted its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSHFree Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659,735 shares of the financial services provider’s stock after buying an additional 41,220 shares during the quarter. Schroder Investment Management Group owned about 0.51% of Commerce Bancshares worth $35,236,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Capital Advisors Inc. OK grew its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. Capital Advisors Inc. OK now owns 4,431 shares of the financial services provider’s stock worth $237,000 after buying an additional 210 shares during the period. Signaturefd LLC grew its position in shares of Commerce Bancshares by 14.4% during the 4th quarter. Signaturefd LLC now owns 1,694 shares of the financial services provider’s stock worth $90,000 after buying an additional 213 shares during the period. Angeles Investment Advisors LLC grew its position in shares of Commerce Bancshares by 5.0% during the 4th quarter. Angeles Investment Advisors LLC now owns 4,557 shares of the financial services provider’s stock worth $243,000 after buying an additional 217 shares during the period. Missouri Trust & Investment Co boosted its stake in Commerce Bancshares by 5.0% during the 4th quarter. Missouri Trust & Investment Co now owns 5,138 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 244 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Commerce Bancshares by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 50,184 shares of the financial services provider’s stock worth $2,408,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Commerce Bancshares Stock Performance

Shares of CBSH opened at $54.26 on Monday. Commerce Bancshares, Inc. has a twelve month low of $40.91 and a twelve month high of $57.48. The firm’s 50 day moving average price is $54.71 and its two-hundred day moving average price is $53.17. The firm has a market cap of $7.03 billion, a P/E ratio of 15.13, a PEG ratio of 1.78 and a beta of 0.76.

Commerce Bancshares (NASDAQ:CBSHGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Commerce Bancshares had a net margin of 23.33% and a return on equity of 16.78%. The firm had revenue of $397.80 million for the quarter, compared to analyst estimates of $389.49 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Commerce Bancshares, Inc. will post 3.54 earnings per share for the current fiscal year.

Commerce Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Wednesday, June 5th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.99%. Commerce Bancshares’s dividend payout ratio (DPR) is presently 30.12%.

Insider Activity

In other news, CEO John W. Kemper sold 26,581 shares of Commerce Bancshares stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $56.77, for a total value of $1,509,003.37. Following the sale, the chief executive officer now directly owns 198,387 shares in the company, valued at $11,262,429.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CBSH has been the topic of several recent analyst reports. StockNews.com raised shares of Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Piper Sandler lifted their price objective on shares of Commerce Bancshares from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Raymond James raised shares of Commerce Bancshares from a “market perform” rating to an “outperform” rating and set a $61.00 price objective on the stock in a research note on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Commerce Bancshares from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, May 10th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.29.

Get Our Latest Stock Report on Commerce Bancshares

Commerce Bancshares Company Profile

(Free Report)

Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.

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Institutional Ownership by Quarter for Commerce Bancshares (NASDAQ:CBSH)

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