Hsbc Holdings PLC Invests $1.27 Million in Chime Financial, Inc. $CHYM

Hsbc Holdings PLC purchased a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 49,866 shares of the company’s stock, valued at approximately $1,274,000.

Several other institutional investors also recently modified their holdings of CHYM. PNC Financial Services Group Inc. purchased a new position in shares of Chime Financial during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in Chime Financial in the second quarter worth approximately $33,000. Scopus Asset Management L.P. bought a new stake in Chime Financial in the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in Chime Financial by 686.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after buying an additional 1,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Chime Financial during the 2nd quarter valued at $40,000.

Chime Financial Stock Up 2.6%

NASDAQ CHYM opened at $21.01 on Thursday. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $38.67. The company has a market capitalization of $8.01 billion and a P/E ratio of -2.83. The stock’s 50-day moving average price is $18.81 and its 200-day moving average price is $21.49.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHYM. Compass Point raised Chime Financial from a “neutral” rating to a “buy” rating and lowered their price target for the company from $33.00 to $27.00 in a report on Monday, April 13th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a research report on Sunday, April 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Chime Financial in a report on Wednesday, June 3rd. BMO Capital Markets started coverage on Chime Financial in a research report on Wednesday, April 22nd. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, KeyCorp initiated coverage on Chime Financial in a research note on Wednesday, March 4th. They set an “overweight” rating and a $30.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.65.

Insider Activity at Chime Financial

In related news, General Counsel Adam B. Frankel sold 3,000 shares of Chime Financial stock in a transaction on Monday, June 15th. The shares were sold at an average price of $17.50, for a total transaction of $52,500.00. Following the transaction, the general counsel owned 303,795 shares in the company, valued at approximately $5,316,412.50. The trade was a 0.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.30% of the stock is owned by insiders.

About Chime Financial

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.