Chime Financial, Inc. $CHYM Stock Holdings Raised by Brown University

Brown University raised its holdings in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 99.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 204,625 shares of the company’s stock after buying an additional 101,820 shares during the quarter. Chime Financial comprises 3.8% of Brown University’s portfolio, making the stock its 8th largest holding. Brown University’s holdings in Chime Financial were worth $3,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in shares of Chime Financial in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new position in Chime Financial in the second quarter worth about $33,000. Scopus Asset Management L.P. purchased a new position in Chime Financial in the second quarter worth about $34,000. Caitong International Asset Management Co. Ltd increased its stake in Chime Financial by 686.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Chime Financial during the second quarter worth approximately $40,000.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts have recently commented on CHYM shares. Wells Fargo & Company lifted their target price on Chime Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Texas Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Tuesday, April 14th. Compass Point upgraded shares of Chime Financial from a “neutral” rating to a “buy” rating and cut their price objective for the company from $33.00 to $27.00 in a research report on Monday, April 13th. BMO Capital Markets assumed coverage on shares of Chime Financial in a research note on Wednesday, April 22nd. They set an “outperform” rating and a $30.00 price target for the company. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Chime Financial in a research report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.65.

Chime Financial Price Performance

Shares of CHYM opened at $20.92 on Friday. Chime Financial, Inc. has a 1-year low of $15.88 and a 1-year high of $38.67. The company has a 50-day moving average of $18.61 and a 200 day moving average of $21.31. The firm has a market capitalization of $7.97 billion and a price-to-earnings ratio of -2.82.

Chime Financial (NASDAQ:CHYM) last issued its earnings results on Wednesday, May 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts anticipate that Chime Financial, Inc. will post 0.3 earnings per share for the current fiscal year.

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.