Chime Financial, Inc. $CHYM Shares Bought by Capital Research Global Investors

Key Points

• Capital Research Global Investors raised its stake in Chime Financial (NASDAQ:CHYM) by 90%, buying 3,258,179 shares to hold 6,878,057 shares (1.85% ownership) valued at about $138.73 million.
• Multiple large institutions opened or expanded positions—including Galileo PTC (~$1.80 billion), ICONIQ Capital (~$518.8 million), and Dragoneer (~$295.0 million)—signaling significant institutional interest in the stock.
• Analyst sentiment is broadly positive: Chime has an average rating of "Moderate Buy" with a consensus price target of $32.28, and several firms (Goldman Sachs, Keefe Bruyette & Woods, UBS) have recently raised ratings or price targets.

Capital Research Global Investors raised its holdings in Chime Financial, Inc. (NASDAQ:CHYM - Free Report) by 90.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,878,057 shares of the company's stock after purchasing an additional 3,258,179 shares during the period. Capital Research Global Investors owned 1.85% of Chime Financial worth $138,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Galileo PTC Ltd acquired a new position in shares of Chime Financial during the 2nd quarter worth approximately $1,803,793,000. ICONIQ Capital LLC acquired a new stake in Chime Financial during the 2nd quarter valued at $518,844,000. Dragoneer Investment Group LLC purchased a new position in Chime Financial during the second quarter worth $295,022,000. Orland Properties Ltd purchased a new position in Chime Financial during the second quarter worth $159,093,000. Finally, Scge Management L.P. acquired a new position in shares of Chime Financial in the second quarter worth $152,563,000.

Analyst Ratings Changes

CHYM has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on Chime Financial from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Rothschild & Co Redburn raised shares of Chime Financial to a "hold" rating in a research note on Monday, January 26th. Wall Street Zen upgraded shares of Chime Financial from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Keefe, Bruyette & Woods raised shares of Chime Financial from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, February 26th. Finally, UBS Group lifted their price target on shares of Chime Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chime Financial currently has an average rating of "Moderate Buy" and a consensus price target of $32.28.

Insider Transactions at Chime Financial

In other news, Director James Feuille sold 7,229 shares of the firm's stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $24.82, for a total value of $179,423.78. Following the transaction, the director directly owned 7,037,707 shares in the company, valued at $174,675,887.74. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Adam B. Frankel sold 4,382 shares of Chime Financial stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $27.29, for a total value of $119,584.78. Following the completion of the transaction, the general counsel directly owned 209,500 shares in the company, valued at $5,717,255. This represents a 2.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 72,111 shares of company stock worth $1,996,109 in the last three months.

Chime Financial Stock Up 2.7%

NASDAQ:CHYM opened at $22.92 on Thursday. The company has a market cap of $8.59 billion and a P/E ratio of -3.03. The firm's 50 day moving average is $23.75 and its two-hundred day moving average is $22.68. Chime Financial, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.08. The company had revenue of $596.36 million during the quarter. Chime Financial had a negative net margin of 46.18% and a negative return on equity of 70.90%. The firm's quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.30) earnings per share.

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.

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