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Vanguard Group Inc. Raises Stock Position in Commerce Bancshares, Inc. $CBSH
Vanguard Group Inc. increased its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 1.1% in the 3rd quarter, now owning 13,591,897 shares valued at approximately $812.25 million. This increase in institutional ownership contrasts with recent insider selling by CEO John W. Kemper and SVP Derrick Brooks, totaling 27,667 shares. Commerce Bancshares recently reported earnings that slightly beat analyst expectations and declared a quarterly dividend of $0.275 per share.