Bank of America Corp DE Purchases 170,941 Shares of Chime Financial, Inc. $CHYM

Bank of America Corp DE raised its holdings in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 115.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 319,579 shares of the company’s stock after acquiring an additional 170,941 shares during the period. Bank of America Corp DE’s holdings in Chime Financial were worth $5,986,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new position in Chime Financial in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial during the 2nd quarter valued at about $33,000. Scopus Asset Management L.P. bought a new position in Chime Financial during the second quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $40,000.

Chime Financial Stock Performance

CHYM stock opened at $33.15 on Thursday. Chime Financial, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $33.74. The business’s 50 day moving average price is $24.35 and its two-hundred day moving average price is $21.46. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of -473.50 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The company had revenue of $669.77 million for the quarter. During the same quarter in the prior year, the firm earned ($7.29) earnings per share. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. Sell-side analysts forecast that Chime Financial, Inc. will post 0.41 earnings per share for the current year.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Analysts raised their price targets. Wolfe Research lifted its target from $32 to $38 and maintained an “outperform” rating, while Wells Fargo increased its target from $33 to $39 and retained an “overweight” rating. The revisions imply roughly 15% to 18% upside from the referenced $33.15 share price. Benzinga analyst price-target reports
• Positive Sentiment: Recent operating results remain a support. Chime’s latest quarterly earnings exceeded expectations, with EPS of $0.07 versus the consensus estimate of a $0.01 loss. Revenue rose 26.8% year over year to approximately $669.8 million, reinforcing the investment case for continued growth and improving profitability.
• Neutral Sentiment: Short-interest data provides no meaningful signal. Reported short interest was zero shares, with a zero-day days-to-cover ratio. Because the figures show no measurable short position, they do not indicate either notable short-covering support or elevated bearish pressure.
• Negative Sentiment: Global Advisors Ltd. Dst has continued to reduce its CHYM position. The major shareholder sold 1,775,044 shares on August 24 for approximately $58.7 million and another 80,914 shares on August 25 for about $2.7 million. Across the disclosed August transactions, the investor has sold millions of shares, reducing its position by more than 80% in the latest filing. The sales were reportedly primarily related to tax liabilities, but the large disposals can weigh on sentiment and increase available supply. SEC ownership filing

Insider Buying and Selling at Chime Financial

In related news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $32.66, for a total value of $145,538,087.62. Following the completion of the transaction, the insider directly owned 405,663 shares in the company, valued at $13,248,953.58. This trade represents a 91.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan A. King sold 375,000 shares of Chime Financial stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $30.27, for a total transaction of $11,351,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,414,123 shares of company stock valued at $402,655,966 in the last three months. Insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHYM. Zacks Research upgraded Chime Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings lowered Chime Financial from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 20th. Piper Sandler lifted their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, 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. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.33.

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.