Legal & General Group Plc Increases Stock Holdings in Salesforce Inc. $CRM

Legal & General Group Plc boosted its position in shares of Salesforce Inc. (NYSE:CRM) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,611,540 shares of the CRM provider’s stock after purchasing an additional 66,635 shares during the period. Salesforce makes up 0.4% of Legal & General Group Plc’s holdings, making the stock its 29th biggest holding. Legal & General Group Plc owned 0.69% of Salesforce worth $1,802,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Painted Porch Advisors LLC increased its stake in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Salesforce by 314.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares during the period. Christopher J. Hasenberg Inc lifted its position in Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares during the last quarter. Maseco LLP purchased a new position in Salesforce during the second quarter worth about $34,000. Finally, Quaker Wealth Management LLC increased its position in shares of Salesforce by 208.6% during the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

Shares of Salesforce stock opened at $225.53 on Friday. The firm has a market capitalization of $214.70 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.11 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 52 week low of $223.30 and a 52 week high of $369.00. The firm’s 50 day moving average is $245.12 and its two-hundred day moving average is $256.54.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th were issued 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 of this dividend was Wednesday, September 17th. Salesforce’s payout ratio is presently 24.13%.

Analysts Set New Price Targets

Several brokerages have recently commented on CRM. Northland Securities lowered shares of Salesforce from an “outperform” rating to a “market perform” rating and set a $264.00 price objective on the stock. in a report on Tuesday, October 14th. UBS Group lowered their price target on Salesforce from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. DA Davidson reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Salesforce in a research report on Thursday, October 16th. Northland Capmk lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Stifel Nicolaus reduced their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Twenty-five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.51.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 122 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 60,872 shares of company stock valued at $15,058,156. 3.00% of the stock is owned by corporate insiders.

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.