Charles Schwab Investment Management Inc. lowered its stake in Commerce Bancshares, Inc. ( NASDAQ:CBSH – Free Report ) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,011,502 shares of the financial services provider’s stock after selling 4,652 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.79% of Commerce Bancshares worth $60,083,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Commerce Bancshares during the 3rd quarter worth about $26,000. Allworth Financial LP boosted its stake in Commerce Bancshares by 51.1% during the 3rd quarter. Allworth Financial LP now owns 568 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 192 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Commerce Bancshares during the third quarter valued at approximately $39,000. GAMMA Investing LLC increased its stake in Commerce Bancshares by 156.5% in the second quarter. GAMMA Investing LLC now owns 854 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 521 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Commerce Bancshares by 48.2% in the third quarter. Farther Finance Advisors LLC now owns 882 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 287 shares during the period. 70.26% of the stock is currently owned by institutional investors. Insider Activity at Commerce Bancshares In related news, SVP Patricia R. Kellerhals sold 2,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $62.23, for a total transaction of $124,460.00. Following the completion of the transaction, the senior vice president now directly owns 23,381 shares of the company’s stock, valued at approximately $1,454,999.63. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, SVP David L. Roller sold 890 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $72.27, for a total value of $64,320.30. Following the transaction, the senior vice president now directly owns 30,949 shares in the company, valued at $2,236,684.23. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 35,109 shares of company stock valued at $2,191,123. Corporate insiders own 3.20% of the company’s stock. Commerce Bancshares Price Performance Commerce Bancshares ( NASDAQ:CBSH – Get Free Report ) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.00 by $0.07. The firm had revenue of $421.38 million for the quarter, compared to analysts’ expectations of $412.85 million. Commerce Bancshares had a return on equity of 15.93% and a net margin of 24.15%. On average, equities analysts expect that Commerce Bancshares, Inc. will post 4.02 EPS for the current year. Commerce Bancshares Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, December 3rd. Commerce Bancshares’s payout ratio is 28.13%. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on the stock. Piper Sandler set a $68.50 price target on shares of Commerce Bancshares and gave the company a “neutral” rating in a report on Friday, October 18th. StockNews.com raised Commerce Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Morgan Stanley lowered Commerce Bancshares from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $66.00 to $64.00 in a research report on Monday, September 30th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Commerce Bancshares has an average rating of “Hold” and an average target price of $61.79. Read Our Latest Stock Report on CBSH Commerce Bancshares Company Profile ( Free Report ) Commerce Bancshares, Inc operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. Recommended Stories Want to see what other hedge funds are holding CBSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commerce Bancshares, Inc. ( NASDAQ:CBSH – Free Report ). Receive News & Ratings for Commerce Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Bancshares and related companies with MarketBeat.com's FREE daily email newsletter .
Pittsburgh’s Larimer neighborhood is vibrant — but it also has the lowest life expectancy rate in the city at less than 65 years old. The statistics can stigmatize the neighborhood, according to data experts. While there is currently no explanation for the disparity in Larimer, causes will be investigated in collaboration with the Larimer Consensus Group, the City of Pittsburgh and the Black Equity Coalition . It’s just one example of what Data Justice for Pittsburgh’s Black Neighborhoods, the recent partnership between Black Equity Coalition and the city, can accomplish. The project is fully funded by the de Beaumont Foundation , which gave a $1.1 million, three-year grant to cover stipends, childcare and catering to those participating in community meetings. “The goal of the Data Justice Project is to find ways to improve the health and lived experiences of minority communities, particularly Black Pittsburghers,” said Chris Belasco, senior manager of digital services and chief data officer for the City of Pittsburgh in the Department of Innovation and Performance. Belasco said displacement occurs in some communities, and creating more opportunities that make it possible for residents of that community to stay. “At the heart of this project is representation, which has become a huge issue as of late in terms of having real people’s voices represented in how the government makes decisions. We see this convening as a way to build in more community power over how the city uses data in every aspect of its service delivery,” said Bobbie Fan, MADE (Modern Anti-racist Data Ecosystems) for Health Data Justice project director and part of the Black Equity Coalition’s Data Justice Working Group. The initiative will give the city the ability to understand how to improve these experiences in relation to residential segregation and disinvestment. “We expect that our work will be better, more responsive to the needs of individuals and create opportunities for accountability,” Belasco said. One of the tangible changes will be data, data tools and feedback made available to the public. “The policies (Pittsburgh) City Council makes will then be more closely aligned with our residents,” Belasco said. Tiffany Gary-Webb, professor in the Department of Epidemiology and associate dean for Diversity, Equity and Inclusion at the University of Pittsburgh School of Public Health, is also part of the Black Equity Coalition’s Data Justice Working Group. The Black Equity Coalition has been active since the spring of 2020, said Gary-Webb. Initially, it focused on understanding how the pandemic was affecting Black populations in the area and creating equitable data solutions. “Now our focus has shifted from covid to broader social determinants of health, thinking about neighborhoods, neighborhood change, population change and the built environment,” she said. This includes housing, quality sidewalks and green spaces in neighborhoods and how they affect Black populations locally and across the state. The project also ensures that data collection will not further marginalize certain populations while addressing data privacy concerns. “There is research suggesting that community collaboration has significant benefits,” Gary-Webb said. “Our workshops will teach people how to visualize data, understand data privacy and create plans moving forward.” Mayor Ed Gainey often says that his vision for Pittsburgh is a safer, more welcoming city where residents can thrive and do more than just survive, a city where every resident can accomplish their goals. This aligns with the health goals of this grant and the past work of the Black Equity Coalition, Belasco said. “This is our way of saying no more,” Gainey said in a statement. “As we seek to make decisions that impact our residents, we want to be sure that the data we collect is inclusive of everyone, and this initiative will ensure that.” Darius Wallace, project coordinator in the mayor’s office, said, “By doing this work, we hope to create processes and systems so that our most marginalized communities have increased access to city government and their voices are amplified in the decision-making process.” “The mayor has a big vision of making city government work for all, and through this partnership, it is one step in giving our most marginalized community members voices and seats at the table,” Wallace added. The project began with recruiting members for the Community Data Justice Collaborative. The next phase will involve the city’s data governance committee working with the collaborative members to make decisions on data collection. Belasco explained that with community involvement, discussions will be more solution-focused and geared toward addressing real problems. Many of the discussions will begin in the new year. “It’s not like we are collecting data on permits or something like that. We’re building a process to have conversations about aspects that really affect the community and to make it more inclusive,” he said. Much of the data the city collects is made public through the Western Pennsylvania Regional Data Center . “When we work on building things to share with the public, we also build in feedback to ensure inclusivity in charts, maps and city data,” Belasco said. “Acknowledging that in the past this had not been our approach, we know our limits, and this created the opportunity to do better.” Wallace emphasized that the workshops will help community members learn how to work with technology, collect, interpret and discuss data. “We want to ensure that adults, youth and any community members have access to this training,” he said. “We especially want to make sure that Black women, men and youth are brought into the fold,” Wallace said. The information can be used to engage in more advocacy efforts or create businesses, mobile markets and activism.Linq Blue Automates and Personalizes iMessage Outreach to Boost Engagement and Efficiency BIRMINGHAM, Ala. , Nov. 22, 2024 /PRNewswire/ -- Linq, the world's leading mobile CRM and lead capture platform, announces Linq Blue — an iMessage automation tool designed to revolutionize sales communication. This breakthrough feature empowers businesses to automate and personalize customer outreach via iMessage—without requiring an iPhone. Launching January 2025 , Linq Blue offers seamless messaging capabilities that drive higher response rates and unlock new levels of sales efficiency. Why Linq Blue is a Game-Changer Reserve Your Spot Today Linq Blue is now open for early access reservations to a closed beta. 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