Bank of New York Mellon Corp Raises Position in Affirm Holdings, Inc. $AFRM

Bank of New York Mellon Corp raised its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 890,694 shares of the company’s stock after acquiring an additional 18,504 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.28% of Affirm worth $61,583,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Affirm by 893.2% in the first quarter. Envestnet Asset Management Inc. now owns 184,432 shares of the company’s stock worth $8,334,000 after purchasing an additional 165,863 shares during the period. M&T Bank Corp boosted its holdings in shares of Affirm by 1.9% during the 1st quarter. M&T Bank Corp now owns 21,416 shares of the company’s stock valued at $968,000 after buying an additional 389 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Affirm in the 1st quarter worth about $114,000. Allworth Financial LP grew its position in shares of Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the period. Finally, Xponance Inc. increased its stake in shares of Affirm by 5.6% in the 1st quarter. Xponance Inc. now owns 13,148 shares of the company’s stock worth $594,000 after acquiring an additional 692 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

AFRM opened at $73.62 on Monday. The company’s 50-day simple moving average is $78.31 and its two-hundred day simple moving average is $68.58. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The stock has a market capitalization of $23.97 billion, a P/E ratio of 109.88, a P/E/G ratio of 4.62 and a beta of 3.57. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. The firm had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. Affirm had a net margin of 6.74% and a return on equity of 8.01%. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.31) earnings per share. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

AFRM has been the topic of several research reports. Mizuho boosted their price objective on shares of Affirm from $70.00 to $108.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Citigroup raised Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Redburn Atlantic upgraded Affirm to a “hold” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group dropped their target price on Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.78.

Insider Activity

In other news, insider Katherine Adkins sold 36,878 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $95.00, for a total value of $3,503,410.00. Following the transaction, the insider directly owned 113,400 shares in the company, valued at $10,773,000. This trade represents a 24.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Robert O’hare sold 77,800 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $6,231,002.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,761,596 shares of company stock worth $148,662,354. Insiders own 11.01% of the company’s stock.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.