49,866 Shares in Chime Financial, Inc. $CHYM Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,866 shares of the company’s stock, valued at approximately $1,274,000.

Other large investors also recently added to or reduced their stakes in the company. Aspect Management LLC purchased a new stake in Chime Financial during the 4th quarter valued at approximately $300,361,000. Ashton Thomas Private Wealth LLC bought a new stake in Chime Financial in the 4th quarter valued at $129,091,000. Orland Properties Ltd purchased a new stake in Chime Financial in the 2nd quarter worth $159,093,000. Scge Management L.P. bought a new position in shares of Chime Financial during the 2nd quarter valued at about $152,563,000. Finally, Capital Research Global Investors boosted its holdings in shares of Chime Financial by 90.0% during the 3rd quarter. Capital Research Global Investors now owns 6,878,057 shares of the company’s stock valued at $138,730,000 after purchasing an additional 3,258,179 shares during the last quarter.

Insider Activity

In related news, General Counsel Adam B. Frankel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. Following the completion of the sale, the general counsel directly owned 303,795 shares of the company’s stock, valued at approximately $5,316,412.50. This trade represents a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHYM. Weiss Ratings restated a “sell (e+)” rating on shares of Chime Financial in a research report on Wednesday, June 3rd. BMO Capital Markets began coverage on Chime Financial in a research note on Wednesday, April 22nd. They set an “outperform” rating and a $30.00 price target for the company. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a research note on Sunday, April 12th. Wells Fargo & Company raised their price target on Chime Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Compass Point raised Chime Financial from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $33.00 to $27.00 in a research note on Monday, April 13th. Four analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.65.

Chime Financial Price Performance

Chime Financial stock opened at $21.01 on Thursday. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $38.67. The firm has a market capitalization of $8.01 billion and a P/E ratio of -2.83. The company’s 50-day moving average is $18.81 and its 200 day moving average is $21.49.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.10. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The business had revenue of $647.39 million during the quarter. The business’s revenue was up 24.8% compared to the same quarter last year. Research analysts anticipate that Chime Financial, Inc. will post 0.3 earnings per share for the current fiscal year.

Chime Financial Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.