Handelsbanken Fonder AB Makes New $1.36 Million Investment in Chime Financial, Inc. $CHYM

Handelsbanken Fonder AB purchased a new position in Chime Financial, Inc. (NASDAQ:CHYM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 66,300 shares of the company’s stock, valued at approximately $1,358,000.

Several other large investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new position in shares of Chime Financial in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in Chime Financial during the second quarter valued at approximately $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial in the second quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its position in shares of Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after purchasing an additional 1,276 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial in the second quarter worth $40,000.

Chime Financial Price Performance

NASDAQ CHYM opened at $31.91 on Wednesday. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of -455.79 and a beta of 0.30. The company’s fifty day moving average is $22.44 and its two-hundred day moving average is $21.05. Chime Financial, Inc. has a 52-week low of $15.88 and a 52-week high of $33.41.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company had revenue of $669.77 million for the quarter. During the same quarter in the previous year, the firm posted ($7.29) EPS. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, sell-side analysts expect that Chime Financial, Inc. will post 0.39 earnings per share for the current fiscal year.

Key Chime Financial News

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime’s earnings call highlighted continued profitable growth, reinforcing the company’s recent quarterly performance. Chime reported quarterly revenue of $669.8 million, up 26.8% year over year, and earnings of $0.07 per share versus analysts’ expectation of a $0.01 loss. Chime Financial Earnings Call Highlights Profitable Growth
• Positive Sentiment: Morgan Stanley raised its price target for CHYM from $33 to $39 and maintained an “overweight” rating. The new target signals further potential upside and adds to a generally bullish analyst consensus following Chime’s earnings beat. Morgan Stanley Raises Chime Financial Price Target
• Neutral Sentiment: Analyst coverage remains broadly favorable, with multiple firms carrying Buy or Outperform ratings and recently increased targets. However, the stock’s strong rally has already pushed it above several prior price objectives, potentially limiting near-term upside unless estimates continue to rise.
• Negative Sentiment: Major shareholder Global Advisors Ltd Dst reported multiple sales totaling approximately 4.1 million shares between August 6 and August 14, including 524,661 shares sold for about $16.9 million and 713,289 shares sold for about $22.9 million. The transactions sharply reduced the shareholder’s position and could create selling pressure or raise concerns about near-term valuation. Chime Financial Major Shareholder Stock Sales

Insider Transactions at Chime Financial

In other Chime Financial news, CEO Christopher R. Britt sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.19, for a total value of $5,838,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ryan A. King sold 375,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $30.27, for a total value of $11,351,250.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 4,891,471 shares of company stock worth $156,168,157. 12.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CHYM shares. The Goldman Sachs Group upped their price objective on shares of Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Canaccord Genuity Group boosted their target price on shares of Chime Financial from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Barclays upped their price target on shares of Chime Financial from $26.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Piper Sandler lifted their price objective on Chime Financial from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.39.

Chime Financial Company 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.