UMB Bank n.a. Has $21.16 Million Stock Holdings in Salesforce Inc. $CRM

Key Points

• UMB Bank n.a. reduced its holdings in Salesforce Inc. by 18.4%, selling 17,484 shares and leaving it with a total of 77,594 shares valued at approximately $21.16 million.
• Salesforce reported a Q3 2026 EPS guidance of 2.840-2.860, and its revenue for the last quarter was $10.24 billion, surpassing analysts' expectations.
• The company declared a quarterly dividend of $0.416 per share, with an annualized yield of 0.7%, to be paid on October 9th.

UMB Bank n.a. cut its stake in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,594 shares of the CRM provider's stock after selling 17,484 shares during the quarter. UMB Bank n.a.'s holdings in Salesforce were worth $21,159,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRM. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce during the 4th quarter worth $25,000. Capital A Wealth Management LLC boosted its stake in shares of Salesforce by 450.0% during the 1st quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after acquiring an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock worth $30,000 after acquiring an additional 85 shares in the last quarter. Abound Financial LLC bought a new stake in shares of Salesforce during the 1st quarter worth $31,000. Finally, Christopher J. Hasenberg Inc boosted its stake in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider's stock worth $32,000 after acquiring an additional 92 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $269.38, for a total value of $606,105.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,208,738,995.98. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Blair Kirk bought 3,400 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the transaction, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 74,250 shares of company stock worth $18,844,155 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CRM has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their target price on Salesforce from $255.00 to $221.00 and set an "underperform" rating for the company in a research report on Thursday, September 4th. BMO Capital Markets decreased their target price on Salesforce from $335.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, September 4th. DA Davidson raised Salesforce from an "underperform" rating to a "neutral" rating and set a $225.00 target price for the company in a research report on Friday, August 15th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $325.00 target price on shares of Salesforce in a research report on Thursday, September 4th. Finally, KeyCorp decreased their target price on Salesforce from $440.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of "Moderate Buy" and an average target price of $332.58.

Salesforce Stock Performance

Shares of Salesforce stock traded down $3.36 during trading on Tuesday, reaching $246.33. The company's stock had a trading volume of 3,334,071 shares, compared to its average volume of 7,587,594. 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 business's fifty day moving average price is $250.58 and its 200-day moving average price is $262.38. The firm has a market cap of $234.50 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. Salesforce Inc. has a one year low of $226.48 and a one year high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, equities research analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 17th will be paid a $0.416 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. Salesforce's payout ratio is presently 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.