SG Americas Securities LLC grew its stake in shares of Commerce Bancshares, Inc. (NASDAQ:CBSH) by 43.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,197 shares of the financial services provider’s stock after buying an additional 5,783 shares during the period. SG Americas Securities LLC’s holdings in Commerce Bancshares were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in CBSH. Vanguard Group Inc. grew its holdings in shares of Commerce Bancshares by 3.1% in the third quarter. Vanguard Group Inc. now owns 9,851,300 shares of the financial services provider’s stock valued at $650,384,000 after purchasing an additional 300,762 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Commerce Bancshares by 3.1% in the third quarter. Vanguard Group Inc now owns 9,851,300 shares of the financial services provider’s stock valued at $650,384,000 after purchasing an additional 300,762 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Commerce Bancshares by 1.8% in the third quarter. BlackRock Inc. now owns 8,645,063 shares of the financial services provider’s stock valued at $570,749,000 after purchasing an additional 150,113 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Commerce Bancshares by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 1,184,830 shares of the financial services provider’s stock valued at $78,221,000 after purchasing an additional 11,643 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Commerce Bancshares by 8.6% in the third quarter. Wells Fargo & Company MN now owns 1,080,789 shares of the financial services provider’s stock valued at $71,353,000 after purchasing an additional 85,315 shares in the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.

In other Commerce Bancshares news, Director David W. Kemper sold 20,000 shares of Commerce Bancshares stock in a transaction on Friday, February 1st. The shares were sold at an average price of $59.81, for a total transaction of $1,196,200.00. Following the completion of the transaction, the director now directly owns 1,319,624 shares of the company’s stock, valued at $78,926,711.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel D. Callahan sold 787 shares of Commerce Bancshares stock in a transaction on Monday, January 28th. The stock was sold at an average price of $60.74, for a total value of $47,802.38. Following the sale, the vice president now owns 25,848 shares of the company’s stock, valued at $1,570,007.52. The disclosure for this sale can be found here. Insiders have sold 67,448 shares of company stock valued at $4,075,799 over the last ninety days. 4.00% of the stock is owned by insiders.

A number of research analysts recently weighed in on CBSH shares. BidaskClub lowered shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. Barclays reissued a “hold” rating and issued a $65.00 target price on shares of Commerce Bancshares in a report on Friday, January 11th. Zacks Investment Research lowered shares of Commerce Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Morgan Stanley cut their target price on shares of Commerce Bancshares from $58.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, December 11th. Finally, Raymond James raised shares of Commerce Bancshares from an “underperform” rating to a “market perform” rating and set a $60.43 target price for the company in a report on Friday, January 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $63.49.

NASDAQ CBSH opened at $62.09 on Tuesday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 3.71 and a beta of 0.74. Commerce Bancshares, Inc. has a 52 week low of $53.40 and a 52 week high of $72.55.

Commerce Bancshares (NASDAQ:CBSH) last posted its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. The company had revenue of $345.31 million during the quarter, compared to analyst estimates of $335.66 million. Commerce Bancshares had a net margin of 31.18% and a return on equity of 16.29%. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, equities analysts anticipate that Commerce Bancshares, Inc. will post 3.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.67%. This is a positive change from Commerce Bancshares’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, March 7th. Commerce Bancshares’s payout ratio is presently 24.87%.

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Commerce Bancshares Company Profile

Commerce Bancshares, Inc operates as the holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services.

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

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