Chime Financial, Inc. $CHYM Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of Chime Financial, Inc. (NASDAQ:CHYM) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 863,700 shares of the company’s stock after purchasing an additional 86,593 shares during the period. Federated Hermes Inc. owned 0.23% of Chime Financial worth $17,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new stake in Chime Financial during the 2nd quarter valued at $33,000. Scopus Asset Management L.P. acquired a new position in Chime Financial in the second quarter worth about $34,000. Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial in the 2nd quarter valued at approximately $40,000. Osaic Holdings Inc. bought a new stake in Chime Financial during the second quarter valued at $45,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Chime Financial during the 3rd quarter valued at about $50,000.

Chime Financial Stock Up 2.2%

Chime Financial stock opened at $25.42 on Friday. Chime Financial, Inc. has a 12 month low of $16.17 and a 12 month high of $44.94. The stock has a market cap of $9.52 billion and a P/E ratio of -3.42. The company’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $24.65.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.10. The firm had revenue of $543.52 million for the quarter. During the same period last year, the company posted ($0.34) EPS. The company’s quarterly revenue was up 28.8% compared to the same quarter last year.

Wall Street Analyst Weigh In

CHYM has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on Chime Financial from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Rothschild & Co Redburn started coverage on shares of Chime Financial in a research note on Monday, January 26th. They set a “neutral” rating and a $29.00 price objective on the stock. UBS Group lowered their target price on Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $40.00 price target on shares of Chime Financial in a report on Thursday, October 30th. Finally, Jefferies Financial Group initiated coverage on Chime Financial in a report on Monday, November 3rd. They set a “hold” rating and a $17.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chime Financial has a consensus rating of “Moderate Buy” and an average target price of $32.24.

Insider Transactions at Chime Financial

In related news, CFO Matthew S. Newcomb sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $28.01, for a total transaction of $280,100.00. Following the transaction, the chief financial officer owned 2,240,798 shares of the company’s stock, valued at approximately $62,764,751.98. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Feuille sold 7,229 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $24.82, for a total transaction of $179,423.78. Following the completion of the sale, the director directly owned 7,037,707 shares of the company’s stock, valued at $174,675,887.74. This represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 256,539 shares of company stock valued at $6,973,943 over the last 90 days.

Chime Financial 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.