Raymond James Financial Inc. Has $7.75 Million Stock Holdings in Affirm Holdings, Inc. $AFRM

Key Points

• Raymond James Financial Inc. reduced its stake in Affirm Holdings, Inc. by 28.5% during the first quarter, leaving them with approximately $7.75 million worth of shares.
• Numerous institutional investors, including Durable Capital Partners and Vanguard Group, have increased their holdings in Affirm, contributing to institutional ownership of 69.29% of the company's stock.
• Analysts have varying views on Affirm, with recent upgrades in price targets from firms like JPMorgan and Barclays, reflecting a consensus rating of "Moderate Buy" and a target price of $77.35.

Raymond James Financial Inc. decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 28.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 171,422 shares of the company's stock after selling 68,172 shares during the quarter. Raymond James Financial Inc. owned 0.05% of Affirm worth $7,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AFRM. Durable Capital Partners LP raised its stake in Affirm by 97.3% in the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock worth $356,769,000 after purchasing an additional 2,888,827 shares in the last quarter. Vanguard Group Inc. raised its stake in Affirm by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after purchasing an additional 1,457,434 shares in the last quarter. Foxhaven Asset Management LP acquired a new stake in Affirm in the 4th quarter worth about $80,917,000. Voloridge Investment Management LLC acquired a new stake in Affirm in the 4th quarter worth about $76,738,000. Finally, Lord Abbett & CO. LLC raised its stake in Affirm by 1,137.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock worth $57,964,000 after purchasing an additional 1,179,016 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Analyst Upgrades and Downgrades

AFRM has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday. BTIG Research cut shares of Affirm from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Rothschild & Co Redburn initiated coverage on shares of Affirm in a research note on Friday, August 1st. They issued a "neutral" rating and a $74.00 price objective for the company. Susquehanna lifted their price objective on shares of Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Finally, Barclays boosted their target price on shares of Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Affirm presently has an average rating of "Moderate Buy" and a consensus target price of $77.35.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $88.46 on Tuesday. The firm has a 50 day moving average of $71.71 and a 200-day moving average of $59.09. The stock has a market capitalization of $28.54 billion, a PE ratio of 680.51, a PEG ratio of 3.29 and a beta of 3.64. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The company had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm's revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity at Affirm

In related news, insider Katherine Adkins sold 6,489 shares of Affirm stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $75.00, for a total transaction of $486,675.00. Following the sale, the insider directly owned 113,400 shares of the company's stock, valued at approximately $8,505,000. The trade was a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O'hare sold 77,800 shares of Affirm stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total transaction of $6,231,002.00. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock worth $89,217,029 in the last ninety days. Insiders own 11.82% 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.

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