State Street Corp. Updates Passive Stake in Commerce Bancshares
Ticker: CBSH · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 22356
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Commerce Bancshares stock, signaling continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Common Stock in Commerce Bancshares Inc /MO/ as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued significant, though passive, stake in the bank. For investors, this matters because State Street's ongoing position suggests a long-term institutional interest in Commerce Bancshares, potentially signaling stability or confidence in the company's performance.
Why It Matters
This filing confirms State Street's continued significant, passive ownership in Commerce Bancshares, which can be a positive signal for current and prospective investors regarding institutional confidence.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating no immediate change in investment strategy or significant risk.
Analyst Insight
Investors should note State Street's continued passive stake as a sign of institutional presence, but this filing alone doesn't suggest any immediate buy/sell action. It's a routine update confirming existing positions.
Key Numbers
- 005-19958 — SEC File Number (identifies Commerce Bancshares' registration with the SEC)
- 04-2456637 — State Street Corporation IRS Identification No. (identifies the reporting entity)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Commerce Bancshares Inc /MO/ (company) — the subject company whose securities are being reported
- 0000093751-24-000265 (dollar_amount) — accession number for the filing
- 200525103 (dollar_amount) — CUSIP number for Commerce Bancshares Common Stock
- December 31, 2023 (date) — date of the event requiring the filing
- January 25, 2024 (date) — date the filing was made
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly indicated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION' on page 2 of 5.
What is the subject company whose securities are being reported?
The subject company is COMMERCE BANCSHARES INC /MO/, as stated under 'SUBJECT COMPANY: COMPANY CONFORMED NAME: COMMERCE BANCSHARES INC /MO/' and 'COMMERCE BANCSHARES INC/MO (NAME OF ISSUER)'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Commerce Bancshares Inc /MO/ is 200525103, as listed under 'CUSIP NO:200525103' and '200525103 (CUSIP NUMBER)'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding COMMERCE BANCSHARES INC /MO/ (CBSH).