Mitsubishi UFJ Trust & Banking Corp Has $764,000 Stake in Commerce Bancshares, Inc. (NASDAQ:CBSH)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,256 shares of the financial services provider’s stock after selling 1,005 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Commerce Bancshares were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Atria Wealth Solutions Inc. lifted its stake in shares of Commerce Bancshares by 1.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 11,062 shares of the financial services provider’s stock worth $689,000 after buying an additional 166 shares during the last quarter. Apriem Advisors raised its holdings in Commerce Bancshares by 5.0% in the 4th 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 period. Fifth Third Wealth Advisors LLC lifted its position in Commerce Bancshares by 4.9% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,908 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 183 shares during the last quarter. Verde Capital Management boosted its holdings in shares of Commerce Bancshares by 5.4% during the fourth quarter. Verde Capital Management now owns 3,573 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 183 shares during the period. Finally, Frank Rimerman Advisors LLC grew its position in shares of Commerce Bancshares by 4.9% in the fourth 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 last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Insider Buying and Selling at Commerce Bancshares

In other Commerce Bancshares news, CFO Charles G. Kim sold 13,493 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $67.76, for a total transaction of $914,285.68. Following the sale, the chief financial officer now owns 86,246 shares of the company’s stock, valued at approximately $5,844,028.96. The trade was a 13.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David L. Orf sold 1,036 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $68.24, for a total value of $70,696.64. Following the completion of the transaction, the vice president now owns 22,175 shares of the company’s stock, valued at $1,513,222. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,434 shares of company stock worth $5,248,272 over the last 90 days. Insiders own 3.10% of the company’s stock.

Commerce Bancshares Trading Down 0.1 %

Shares of NASDAQ:CBSH opened at $62.15 on Wednesday. The stock has a market capitalization of $8.33 billion, a PE ratio of 15.50, a PEG ratio of 2.13 and a beta of 0.78. The firm has a 50 day moving average of $64.18 and a 200-day moving average of $64.47. Commerce Bancshares, Inc. has a 12 month low of $48.49 and a 12 month high of $72.75.

Commerce Bancshares (NASDAQ:CBSH) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate 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 net margin of 25.24% and a return on equity of 16.31%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. On average, research analysts predict that Commerce Bancshares, Inc. will post 3.94 EPS for the current fiscal year.

Commerce Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Commerce Bancshares’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a yield of 1.77%. Commerce Bancshares’s dividend payout ratio (DPR) is 27.43%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Commerce Bancshares from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Morgan Stanley lowered their price target on shares of Commerce Bancshares from $72.00 to $66.00 and set an “underweight” rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Commerce Bancshares from $66.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com cut shares of Commerce Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Piper Sandler boosted their price target on Commerce Bancshares from $69.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Commerce Bancshares currently has an average rating of “Hold” and a consensus target price of $68.17.

Commerce Bancshares 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.