AMG National Trust Bank Acquires Shares of 13,187 Salesforce Inc. $CRM

Key Points

• AMG National Trust Bank acquired 13,187 Salesforce shares worth approximately $2.07 million in the second quarter. Institutional investors collectively own 80.43% of Salesforce.
• Salesforce reported stronger-than-expected quarterly results, with $3.88 in EPS and $11.13 billion in revenue, while revenue increased 13.3% year over year. The company also pays a quarterly dividend of $0.44, equivalent to a 0.9% annualized yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $249.05. However, investors remain concerned about competition from AI-native tools and rival platforms, despite momentum in Salesforce’s Agentforce offering and its $27.1 billion buyback program.

AMG National Trust Bank acquired a new position in Salesforce Inc. (NYSE:CRM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,187 shares of the CRM provider's stock, valued at approximately $2,066,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Retirement Investments LLC purchased a new position in shares of Salesforce during the fourth quarter valued at about $25,000. Gilpin Wealth Management LLC bought a new position in Salesforce in the fourth quarter worth about $26,000. Costello Asset Management INC lifted its holdings in Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock worth $28,000 after buying an additional 119 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Salesforce in the fourth quarter worth about $28,000. Finally, Swiss RE Ltd. bought a new stake in Salesforce during the 4th quarter valued at approximately $28,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: JPMorgan resumed coverage with an Overweight rating and a $250 price target, citing potential acceleration in Salesforce’s core business during the second half of the year. The target implies more than 24% upside from recent levels. JPMorgan bullish Salesforce coverage
• Positive Sentiment: Monness Crespi & Hardt raised its Salesforce price target to $222 from $200 and maintained a Buy rating. UBS and Wells Fargo also reportedly forecast strong appreciation, reinforcing improving sell-side sentiment. Monness Crespi Salesforce price target
• Positive Sentiment: Salesforce’s Agentforce platform is gaining traction, giving the company a way to use its large CRM customer base to compete with Microsoft and Oracle in enterprise “agentic” AI. Salesforce agentic AI analysis
• Positive Sentiment: A Seeking Alpha analysis argues that Salesforce’s $27.1 billion share-repurchase program, equivalent to an estimated 23% net buyback yield, could support earnings-per-share growth. The stock also appears inexpensive at roughly 14 times forward earnings, although buybacks have increased debt. Salesforce buyback analysis
• Neutral Sentiment: Salesforce has recently posted strong momentum, with reports noting three consecutive weeks of gains and substantial one-month appreciation. That run may be encouraging investors, but it also raises the possibility of profit-taking.
• Negative Sentiment: Parnassus Investments indicated that Salesforce has lost favor as AI opportunities shift toward competing or substitute technologies. Other commentary likewise warns that alternative software and AI-native tools threaten Salesforce’s traditional CRM franchise. Salesforce AI competition concerns

Salesforce Stock Performance

Shares of CRM opened at $195.86 on Monday. The business's fifty day simple moving average is $171.41 and its two-hundred day simple moving average is $181.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.15. Salesforce Inc. has a 12 month low of $146.32 and a 12 month high of $269.11. The company has a market cap of $160.41 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.06 and a beta of 1.16.

Salesforce (NYSE:CRM - Get Free Report) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping analysts' consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.05 billion. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Research analysts anticipate that Salesforce Inc. will post 10.27 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. Salesforce's payout ratio is 20.37%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Evercore reiterated an "outperform" rating on shares of Salesforce in a report on Tuesday, July 14th. Erste Group Bank upgraded Salesforce from a "hold" rating to a "buy" rating in a research report on Wednesday, August 5th. BMO Capital Markets reduced their price target on Salesforce from $225.00 to $215.00 and set an "outperform" rating on the stock in a research note on Thursday, May 28th. Wedbush started coverage on Salesforce in a report on Wednesday, July 1st. They issued an "outperform" rating for the company. Finally, Scotiabank lowered Salesforce from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average price target of $249.05.

Salesforce Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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