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

Schroder Investment Management Group lessened its holdings in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 813,407 shares of the financial services provider’s stock after selling 49,044 shares during the quarter. Schroder Investment Management Group’s holdings in Commerce Bancshares were worth $50,862,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CoreFirst Bank & Trust acquired a new position in shares of Commerce Bancshares during the 4th quarter worth approximately $33,000. Marshall Investment Management LLC acquired a new stake in Commerce Bancshares during the 4th quarter valued at $35,000. True Wealth Design LLC bought a new position in Commerce Bancshares during the third quarter worth $47,000. V Square Quantitative Management LLC increased its holdings in shares of Commerce Bancshares by 84.0% in the fourth quarter. V Square Quantitative Management LLC now owns 791 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 361 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Commerce Bancshares by 46.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 839 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 268 shares during the period. Institutional investors own 70.26% of the company’s stock.

Analysts Set New Price Targets

CBSH has been the topic of a number of research reports. Raymond James lowered shares of Commerce Bancshares from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upped their target price on Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on Commerce Bancshares from $67.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Morgan Stanley decreased their price objective on Commerce Bancshares from $72.00 to $66.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Finally, StockNews.com raised Commerce Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.17.

Insider Buying and Selling

In other news, CFO Charles G. Kim sold 13,493 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $67.76, for a total value of $914,285.68. Following the completion of the transaction, the chief financial officer now owns 86,246 shares of the company’s stock, valued at approximately $5,844,028.96. This represents a 13.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Patricia R. Kellerhals sold 1,719 shares of Commerce Bancshares stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $67.30, for a total transaction of $115,688.70. Following the sale, the senior vice president now directly owns 18,688 shares in the company, valued at $1,257,702.40. This trade represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,434 shares of company stock worth $5,248,272. Corporate insiders own 3.10% of the company’s stock.

Commerce Bancshares Price Performance

Commerce Bancshares stock opened at $62.23 on Tuesday. The firm has a market cap 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. The stock’s fifty day moving average price is $64.25 and its two-hundred day moving average price is $64.47. Commerce Bancshares, Inc. has a one year low of $48.49 and a one year high of $72.75.

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

Commerce Bancshares Increases Dividend

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

About Commerce Bancshares

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.