610,244 Chime Financial, Inc. $CHYM Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its position in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 1,355.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 655,280 shares of the company’s stock after purchasing an additional 610,244 shares during the period. Jefferies Financial Group Inc.’s holdings in Chime Financial were worth $17,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CHYM. NFSG Corp purchased a new stake in shares of Chime Financial in the 3rd quarter valued at approximately $27,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Chime Financial during the 3rd quarter worth approximately $39,000. Nisa Investment Advisors LLC increased its holdings in shares of Chime Financial by 529.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,889 shares of the company’s stock worth $50,000 after buying an additional 1,589 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Chime Financial by 1,316.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,167 shares of the company’s stock valued at $58,000 after buying an additional 2,014 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Chime Financial in the third quarter valued at approximately $70,000.

Wall Street Analysts Forecast Growth

CHYM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Chime Financial from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, November 5th. Monness Crespi & Hardt began coverage on Chime Financial in a research report on Monday, October 26th. They set a “neutral” rating for the company. Wells Fargo & Company boosted their price objective on shares of Chime Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Scotiabank upped their target price on shares of Chime Financial from $42.00 to $44.00 and gave the company a “sector outperform” rating in a research report on Thursday, November 5th. Finally, BMO Capital Markets increased their target price on shares of Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $39.47.

Insider Activity at Chime Financial

In other Chime Financial news, Director James Feuille sold 256,837 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $32.33, for a total value of $8,303,540.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan A. King sold 63,382 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $31.32, for a total value of $1,985,124.24. Following the sale, the insider directly owned 37,812 shares in the company, valued at $1,184,271.84. This represents a 62.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 15,921,447 shares of company stock valued at $523,840,761. 12.30% of the stock is owned by company insiders.

Chime Financial Trading Up 1.7%

CHYM stock opened at $33.08 on Thursday. The company has a market capitalization of $12.52 billion, a PE ratio of 174.11 and a beta of 0.74. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $35.55. The business’s fifty day moving average price is $29.94 and its 200 day moving average price is $23.99.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Chime Financial had a return on equity of 6.72% and a net margin of 3.05%. The firm had revenue of $718.00 million for the quarter. During the same period in the previous year, the company posted ($0.15) EPS. Chime Financial’s revenue was up 32.1% on a year-over-year basis. Research analysts predict that Chime Financial, Inc. will post 0.47 EPS for the current fiscal year.

About Chime Financial

Chime Financial operates a digital financial services platform for consumers in the United States. Through its mobile app, the company offers spending and savings accounts, debit cards and tools for managing money. Its products also include credit-building services and features designed to help customers access direct deposits and avoid certain common banking fees. Founded in 2012 by Chris Britt and Ryan King, Chime is a financial technology company, not a bank. Banking services are provided through partner banks, including The Bancorp Bank, N.A., and Stride Bank, N.A. Chris Britt has served as the company’s chief executive officer.