Schroder Investment Management Group Has $50.86 Million Stake in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Schroder Investment Management Group lowered its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 813,407 shares of the financial services provider’s stock after selling 49,044 shares during the period. Schroder Investment Management Group owned 0.63% of Commerce Bancshares worth $50,862,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. increased its stake in shares of Commerce Bancshares by 1.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 11,062 shares of the financial services provider’s stock valued at $689,000 after buying an additional 166 shares during the period. Apriem Advisors boosted its holdings in Commerce Bancshares by 5.0% in the fourth quarter. Apriem Advisors now owns 3,827 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 182 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Commerce Bancshares by 4.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,908 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 183 shares during the period. Verde Capital Management raised its holdings in Commerce Bancshares by 5.4% during the 4th quarter. Verde Capital Management now owns 3,573 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 183 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in Commerce Bancshares by 4.9% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,993 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 186 shares during the period. Institutional investors own 70.26% of the company’s stock.

Insider Buying and Selling

In related news, Chairman David W. Kemper sold 3,708 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $66.16, for a total transaction of $245,321.28. Following the sale, the chairman now owns 1,208,311 shares in the company, valued at approximately $79,941,855.76. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kevin G. Barth sold 24,870 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $66.06, for a total value of $1,642,912.20. Following the completion of the transaction, the executive vice president now owns 45,511 shares of the company’s stock, valued at approximately $3,006,456.66. This represents a 35.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,434 shares of company stock worth $5,248,272. 3.10% of the stock is owned by insiders.

Commerce Bancshares Stock Up 1.0 %

Commerce Bancshares stock opened at $62.23 on Tuesday. The company has a 50 day moving average of $64.25 and a 200-day moving average of $64.47. Commerce Bancshares, Inc. has a twelve month low of $48.49 and a twelve month high of $72.75. The stock has a market capitalization of $8.34 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.13 and a beta of 0.78.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. The business had revenue of $422.10 million during the quarter, compared to the consensus estimate of $417.48 million. Commerce Bancshares had a return on equity of 16.31% and a net margin of 25.24%. Commerce Bancshares’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. Equities analysts anticipate that Commerce Bancshares, Inc. will post 3.94 EPS for the current fiscal year.

Commerce Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were issued a dividend of $0.275 per share. This is a boost from Commerce Bancshares’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 7th. This represents a $1.10 annualized dividend and a yield of 1.77%. Commerce Bancshares’s dividend payout ratio is presently 27.43%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CBSH. Piper Sandler lifted their price target on shares of Commerce Bancshares from $69.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Commerce Bancshares from $66.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James downgraded Commerce Bancshares from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 19th. Morgan Stanley decreased their price objective on Commerce Bancshares from $72.00 to $66.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company upped their price objective on Commerce Bancshares from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, Commerce Bancshares currently has a consensus rating of “Hold” and an average price target of $68.17.

Commerce Bancshares Company Profile

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.