Northwestern Mutual Wealth Management 13F: Adds $1000K to AFRM Stake

Northwestern Mutual Wealth Management has increased its investment in Affirm Holdings, Inc. (NasdaqGS: AFRM) by 42%, according to its latest 13F filing with the SEC. The firm added 12,231 shares in the quarter, bringing its total holdings to 40,953 shares, valued at approximately $2.99 million as of the filing date.

What Changed in Northwestern Mutual's Affirm Position

Northwestern Mutual Wealth Management's recent action saw its stake in Affirm Holdings grow from 28,722 shares to 40,953 shares, with an addition of 12,231 shares. This represents a 42% increase in its holdings, reflecting a strong position valued at about $2.99 million.

Other Institutional Activity in Affirm Holdings

Several other major funds also adjusted their stakes in Affirm Holdings. Capital Research Global Investors increased its holdings by 1,446,091 shares, ending with a total of 24,592,033 shares worth approximately $1.13 billion. Meanwhile, Capital World Investors added 802,009 shares, bringing its total to 22,512,923 shares valued at $1.03 billion. On the other hand, Morgan Stanley reduced its position by 1,294,318 shares, now holding 21,715,982 shares valued at $995.03 million. BlackRock, Inc. slightly trimmed its stake by 141,432 shares, maintaining 18,732,493 shares valued at $858.32 million.

Affirm Holdings, Inc. Stock Up 15.9%

Shares of Affirm Holdings (NasdaqGS: AFRM) are currently trading at $72.98. The company boasts a market cap of $24.08 billion, with a forward P/E ratio of 19.04. Affirm's beta is notably high at 3.699, indicating higher volatility compared to the market. Over the past year, the stock has ranged from a low of $42.10 to a high of $100.00. Its 50-day moving average stands at $63.99, while the 200-day moving average is $66.84.

Recent Earnings

In its recent earnings report, Affirm Holdings posted revenue of approximately $3.97 billion, reflecting a growth rate of 32.6%. The company achieved an earnings per share (EPS) of $1.10, with a net margin of 9.63% and return on equity (ROE) of 11.49%. Affirm is scheduled to release its next earnings report on August 27, 2026.

Insider Buying and Selling at Affirm Holdings, Inc.

Recent insider trading activity at Affirm Holdings includes several transactions. On June 1, 2026, Chief Legal Officer Katherine Adkins sold 4,793 shares at an average price of $72.91. President Libor Michalek also sold shares on the same day. However, Chief Operating Officer Michael Linford was involved in both buying and selling, acquiring 11,717 shares and selling 4,666 shares on June 1, 2026.

Analysts Set New Price Targets

Analysts have maintained their ratings on Affirm Holdings with several firms setting new price targets. On May 28, 2026, Truist Securities maintained a buy rating with an $80 price target. Mizuho also kept its buy rating with a $100 target on May 14, 2026. B of A Securities reiterated a buy rating with an $88 target on May 11, 2026. The consensus among 27 analysts remains a buy, with a mean target price of $83.15.

About Affirm Holdings

Affirm Holdings, Inc. operates a payment network that facilitates consumer purchases over time. Based in San Francisco, California, the company offers point-of-sale payment solutions and merchant commerce services, along with a consumer-focused app. Founded in 2012, Affirm partners with various merchants across industries such as fashion, electronics, and travel. Led by CEO Max Roth Levchin, the company employs over 2,200 people and is listed on the Nasdaq Global Select Market.

Bottom Line

Northwestern Mutual Wealth Management's increased stake in Affirm Holdings reflects a significant vote of confidence in the company's prospects. As a financial technology leader, Affirm's innovative payment solutions continue to attract institutional interest. Investors should note that 13F filings are historical and may not represent current positions. Affirm remains a company to watch as it navigates the evolving financial services landscape.