Embree Financial Group Has $1.60 Million Stake in Salesforce Inc. $CRM

Embree Financial Group trimmed its position in shares of Salesforce Inc. (NYSE:CRM) by 3.0% during the second quarter, Holdings Channel.com reports. The firm owned 5,862 shares of the CRM provider’s stock after selling 181 shares during the period. Embree Financial Group’s holdings in Salesforce were worth $1,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Salesforce by 1.6% in 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 purchasing an additional 1,383,942 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Salesforce by 6.9% in 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 purchasing an additional 600,386 shares during the period. Goldman Sachs Group Inc. grew its stake in Salesforce by 5.1% in 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 purchasing an additional 437,435 shares during the period. Nuveen LLC bought a new position in shares of Salesforce during the 1st quarter worth $2,039,196,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $1,707,316,000 after acquiring an additional 295,681 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRM. Erste Group Bank downgraded Salesforce from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $325.00 target price on shares of Salesforce in a research note on Thursday, September 4th. Barclays cut their target price on Salesforce from $347.00 to $316.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. DA Davidson upgraded 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. Finally, JPMorgan Chase & Co. lowered their price target on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $332.58.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk bought 3,400 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the acquisition, the director owned 3,824 shares in the company, valued at approximately $973,819.84. This trade represents a 801.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Marc Benioff sold 2,250 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $245.85, for a total transaction of $553,162.50. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at approximately $2,928,459,730.35. This represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,750 shares of company stock valued at $19,955,745. 3.00% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of NYSE CRM opened at $240.93 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $249.70 and its 200 day moving average is $261.92. The stock has a market cap of $229.37 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 2.24 and a beta of 1.22. Salesforce Inc. has a 1-year low of $226.48 and a 1-year high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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 EPS for the current fiscal year.

Salesforce Dividend Announcement

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

Salesforce Profile

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.