Mercer Global Advisors increased its Commerce Bancshares stake by 9.5% in Q2, raising institutional ownership to 70.26%.
Mercer Global Advisors increased its stake in Commerce Bancshares, Inc. by 9.5% in Q2, totaling 27,807 shares valued at $1.537 million. Other institutions also boosted their holdings, bringing institutional ownership to 70.26%. CBSH reported $1.07 EPS for the quarter, exceeding estimates by $0.17, and a 4.5% revenue increase. Analysts raised price targets, with CBSH's market cap at $7.87 billion and a dividend yield of 1.78%.
September 25, 2024
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