Commerce Bancshares Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:CB5 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 May 25	Sell€58,730	Patricia Kellerhals	Individual	1,050	€55.93
01 May 25	Sell€87,128	June Fowler	Individual	1,698.9	€51.28
06 Mar 25	Sell€14,293	Margaret Rowe	Individual	262.5	€54.45
07 Feb 25	Sell€884,075	Charles Kim	Individual	14,167.65	€62.40
05 Feb 25	Sell€67,859	David Orf	Individual	1,087.8	€62.38
05 Feb 25	Sell€217,924	David Roller	Individual	3,515.4	€61.99
04 Feb 25	Sell€11,277	Derrick Brooks	Individual	183.75	€61.37
04 Feb 25	Sell€313,943	John Handy	Individual	5,086.2	€61.72
04 Feb 25	Sell€111,503	Patricia Kellerhals	Individual	1,804.95	€61.78
04 Feb 25	Sell€1,688,745	John Kemper	Individual	27,344.1	€61.76
03 Feb 25	Sell€237,790	David Kemper	Individual	3,893.4	€61.08

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of CB5?
Owner Type	Number of Shares	Ownership Percentage
State or Government	110,806	0.0752%
Public Companies	284,092	0.193%
Individual Insiders	4,066,400	2.76%
Private Companies	7,678,619	5.21%
General Public	34,856,133	23.7%
Institutions	100,361,088	68.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 57.39% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.97%	The Vanguard Group, Inc.	14,690,039	€652.0m	2.93%	0.01%
8.42%	BlackRock, Inc.	12,402,150	€550.5m	2.61%	0.01%
5.21%	Commerce Bank	7,678,619	€340.8m	0%	no data
4.81%	State Street Global Advisors, Inc.	7,089,647	€314.7m	4.96%	0.01%
3.77%	Commerce Investment Advisors, Inc.	5,555,746	€246.6m	13.1%	1.58%
2.83%	American Century Investment Management Inc	4,171,528	€185.2m	5.38%	0.08%
2.51%	Aristotle Capital Management, LLC	3,693,820	€164.0m	-45.7%	0.22%
1.88%	Dimensional Fund Advisors LP	2,775,151	€123.2m	7.18%	0.02%
1.86%	Geode Capital Management, LLC	2,736,105	€121.4m	4.82%	0.01%
1.83%	Eaton Vance Management	2,692,342	€119.5m	-4.76%	0.03%
1.44%	Wells Fargo & Company	2,117,078	€94.0m	-0.02%	0.02%
1.41%	Boston Trust Walden Company	2,084,628	€92.5m	4.31%	0.79%
1.22%	First Trust Advisors LP	1,797,051	€79.8m	20.1%	0.06%
1.02%	Norges Bank Investment Management	1,507,898	€66.9m	0%	0.01%
1.01%	JP Morgan Asset Management	1,485,628	€65.9m	2.35%	0.01%
1%	David Kemper	1,473,598	€65.4m	-16.2%	no data
0.99%	Jonathan Kemper	1,463,707	€65.0m	0.05%	no data
0.94%	Millennium Management LLC	1,379,125	€61.2m	56.7%	0.05%
0.88%	AQR Capital Management, LLC	1,301,893	€57.8m	82.3%	0.04%
0.86%	Northern Trust Global Investments	1,260,023	€55.9m	-1.04%	0.01%
0.77%	Managed Account Advisors LLC	1,141,070	€50.6m	8.28%	0.01%
0.71%	Renaissance Technologies LLC	1,048,095	€46.5m	27.8%	0.07%
0.7%	BNY Asset Management	1,031,927	€45.8m	-3.31%	0.01%
0.68%	Charles Schwab Investment Management, Inc.	1,005,155	€44.6m	-4.76%	0.01%
0.67%	Cooke & Bieler, L.P.	983,707	€43.7m	0.63%	0.51%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/02 16:53
End of Day Share Price	2026/01/30 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Commerce Bancshares, Inc. is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Matthew Keating	Barclays
Brandon Berman	BofA Global Research
John Rodis	Brean Capital