Northern Trust 13F: Adds $9.4M to Affirm (AFRM) Stake

Northern Trust has increased its stake in Affirm Holdings, Inc. (NasdaqGS: AFRM), adding 114,777 shares to bring its total to 1,762,385 shares. This represents a 6.97% boost in its holdings, with the position now valued at approximately $139.4 million. This data comes from the latest Form 13F filing with the SEC, reflecting Northern Trust's holdings as of the reporting period.

What Changed in Northern Trust's Affirm Holdings Position

Northern Trust's decision to add 114,777 shares of Affirm Holdings marks a 6.97% increase in its investment. Previously, the firm held 1,647,608 shares, and its current position stands at 1,762,385 shares, valued at $139.4 million.

Other Institutional Activity in Affirm Holdings

Among other institutional investors, Capital Research Global Investors increased its holdings by 1,446,091 shares, reaching a total of 24,592,033 shares valued at $1.13 billion, reflecting a 6.2% increase. Capital World Investors added 802,009 shares, bringing its total to 22,512,923 shares worth about $1.03 billion, a 3.7% increase. Conversely, Morgan Stanley reduced its stake by 1,294,318 shares to 21,715,982 shares, a 5.6% decrease, valued at $995 million. BlackRock, Inc. slightly trimmed its holdings by 141,432 shares, holding 18,732,493 shares valued at $858 million, a 0.7% decrease. FMR LLC significantly increased its stake by 3,618,543 shares, now holding 17,294,381 shares worth approximately $792 million, a 26.5% increase.

Affirm Holdings, Inc. Stock Up 15.9%

Shares of Affirm Holdings traded near $79.11 on Thursday. The company boasts a market capitalization of approximately $24.18 billion. It has a P/E ratio of 65.64 and a forward P/E of 19.12, with a beta of 3.699. The stock's 52-week range is between $42.10 and $100.00. Affirm's 50-day moving average is $65.47, and its 200-day moving average is $66.68. The company maintains a solid current ratio of 13.54 and a quick ratio of 9.57, though it has a high debt-to-equity ratio of 240.28.

Recent Earnings

Affirm Holdings reported revenue of approximately $3.97 billion, showing a growth rate of 32.6%. The company achieved a net margin of 9.63% and a return on equity of 11.49%. Earnings per share were $1.10. The next earnings release is scheduled for August 27, 2026.

Insider Buying and Selling at Affirm Holdings, Inc.

On June 1, 2026, several insiders at Affirm Holdings engaged in stock transactions. Katherine Adkins, Chief Legal Officer, sold 4,793 shares at an average price of $72.91. Libor Michalek, President, sold 11,363 shares, and Michael Linford, Chief Operating Officer, bought 11,717 shares, with some transactions at $72.91.

Analysts Set New Price Targets

Truist Securities maintained its buy rating on Affirm Holdings with an $80.00 price target on May 28, 2026. Mizuho also maintained a buy rating, setting a target of $100.00 on May 14, 2026. B of A Securities kept its buy rating with an $88.00 target on May 11, 2026. The consensus recommendation is a buy, with an average target price of $83.34 from 27 analyst opinions.

About Affirm Holdings

Affirm Holdings, Inc. is a financial services company based in San Francisco, California. It operates a payment network that allows consumers to pay for purchases over time. The company's platform includes point-of-sale payment solutions, merchant commerce solutions, and a consumer-focused app. Founded in 2012, Affirm serves a wide range of merchants, from small businesses to large enterprises, across various industries including electronics, fashion, and travel. The company is led by CEO Max Roth Levchin and employs over 2,200 people.

Bottom Line

Northern Trust's increased stake in Affirm Holdings underscores its growing confidence in the company's financial services platform. Investors often track institutional filings like this 13F to gauge sentiment, although these filings reflect past positions. Affirm's recent performance, coupled with insider transactions and analyst ratings, provides a comprehensive view of the company's current market standing.