Legal & General Group Plc Purchases Shares of 186,494 Commerce Bancshares, Inc. $CBSH

Posted by Brian Himes on Sep 1st, 2026

Legal & General Group Plc acquired a new position in Commerce Bancshares, Inc. (NASDAQ:CBSH – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 186,494 shares of the financial services provider’s stock, valued at approximately $10,770,000.

Several other institutional investors also recently modified their holdings of CBSH. Bank of America Corp DE lifted its position in Commerce Bancshares by 62.9% in the first quarter. Bank of America Corp DE now owns 1,032,011 shares of the financial services provider’s stock worth $50,775,000 after purchasing an additional 398,670 shares during the period. Dimensional Fund Advisors LP increased its holdings in Commerce Bancshares by 29.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,943,247 shares of the financial services provider’s stock valued at $193,999,000 after buying an additional 894,183 shares during the period. Verition Fund Management LLC raised its stake in shares of Commerce Bancshares by 39.8% in the 4th quarter. Verition Fund Management LLC now owns 631,981 shares of the financial services provider’s stock valued at $33,078,000 after buying an additional 179,894 shares in the last quarter. Mosaic Family Wealth Partners LLC bought a new position in shares of Commerce Bancshares during the 1st quarter worth about $3,390,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Commerce Bancshares by 10.0% during the 1st quarter. Principal Financial Group Inc. now owns 305,900 shares of the financial services provider’s stock worth $15,050,000 after acquiring an additional 27,726 shares during the period. Institutional investors and hedge funds own 70.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBSH. Morgan Stanley reaffirmed a “positive” rating and set a $65.00 price objective (up from $61.00) on shares of Commerce Bancshares in a report on Monday, June 29th. Stephens set a $64.00 target price on shares of Commerce Bancshares and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Wall Street Zen raised Commerce Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Raymond James Financial upgraded Commerce Bancshares to a “hold” rating in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded Commerce Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Commerce Bancshares currently has a consensus rating of “Hold” and a consensus target price of $63.29.

Read Our Latest Report on CBSH

Insider Activity

In related news, SVP Douglas D. Neff sold 666 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $58.15, for a total value of $38,727.90. Following the sale, the senior vice president directly owned 11,746 shares in the company, valued at $683,029.90. This trade represents a 5.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John W. Kemper sold 5,830 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $60.58, for a total transaction of $353,181.40. Following the transaction, the chief executive officer owned 206,528 shares of the company’s stock, valued at approximately $12,511,466.24. This represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 33,150 shares of company stock valued at $1,974,783. Insiders own 1.80% of the company’s stock.

Commerce Bancshares Stock Performance

Shares of Commerce Bancshares stock opened at $57.71 on Tuesday. The firm has a fifty day moving average of $58.69 and a two-hundred day moving average of $53.99. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.06 and a beta of 0.59. Commerce Bancshares, Inc. has a 52 week low of $46.99 and a 52 week high of $60.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 0.82.

Commerce Bancshares (NASDAQ:CBSH – Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. Commerce Bancshares had a return on equity of 14.31% and a net margin of 26.07%.The business had revenue of $498.91 million for the quarter, compared to analyst estimates of $492.22 million. During the same period last year, the company earned $1.14 EPS. As a group, equities research analysts predict that Commerce Bancshares, Inc. will post 4.25 EPS for the current year.

Commerce Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Friday, September 4th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.10 annualized dividend and a yield of 1.9%. Commerce Bancshares’s dividend payout ratio is presently 26.63%.

About Commerce Bancshares

(Free Report)

Commerce Bancshares, Inc is a bank holding company primarily engaged in providing a broad range of banking and financial services across the Midwest. Through its principal subsidiary, Commerce Bank, the company offers commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending. Its diversified product suite includes deposit and loan products, cash management solutions, capital markets services, and private banking designed to meet the needs of individuals, small businesses, and large corporations.

The company’s commercial banking group delivers tailored credit facilities, equipment and inventory financing, asset-based lending, and merchant services.