Financial Connections Group Inc. Acquires 200 Shares of Salesforce Inc. $CRM

Financial Connections Group Inc. boosted its holdings in Salesforce Inc. (NYSE:CRM) by 76.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 463 shares of the CRM provider’s stock after acquiring an additional 200 shares during the quarter. Financial Connections Group Inc.’s holdings in Salesforce were worth $126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRM. Vanguard Group Inc. raised its stake in Salesforce by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 87,913,628 shares of the CRM provider’s stock valued at $23,592,501,000 after buying an additional 1,383,942 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Salesforce by 6.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,258,518 shares of the CRM provider’s stock valued at $2,484,616,000 after buying an additional 600,386 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Salesforce by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,014,148 shares of the CRM provider’s stock valued at $2,419,037,000 after buying an additional 437,435 shares during the last quarter. Nuveen LLC purchased a new stake in Salesforce during the 1st quarter valued at $2,039,196,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Salesforce by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,362,035 shares of the CRM provider’s stock valued at $1,707,316,000 after buying an additional 295,681 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Down 1.3%

Shares of Salesforce stock opened at $242.11 on Friday. The company has a market capitalization of $230.49 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $244.68 and a 200 day moving average of $258.93. Salesforce Inc. has a fifty-two week low of $226.48 and a fifty-two week high of $369.00.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.27%. Salesforce’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. On average, sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Wednesday, September 17th were given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is currently 24.13%.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of research reports. DA Davidson upgraded shares of Salesforce from an “underperform” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Friday, August 15th. Morgan Stanley boosted their target price on shares of Salesforce from $404.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Stifel Nicolaus decreased their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer reduced their price objective on Salesforce from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, August 26th. Finally, UBS Group reduced their price objective on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Twenty-six research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.89.

Insider Activity at Salesforce

In related news, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $239.79, for a total value of $539,527.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,856,275,610.09. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 78,750 shares of company stock valued at $19,634,805 in the last quarter. 3.00% of the stock is currently owned by insiders.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.