Chime Financial (NASDAQ:CHYM) Major Shareholder Global Advisors Ltd Dst Sells 59,630 Shares

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) major shareholder Global Advisors Ltd Dst sold 59,630 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $35.03, for a total transaction of $2,088,838.90. Following the transaction, the insider owned 368,812 shares in the company, valued at approximately $12,919,484.36. The trade was a 13.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

• Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model

Global Advisors Ltd Dst also recently made the following trade(s):

• On Wednesday, August 26th, Global Advisors Ltd Dst sold 1,168,667 shares of Chime Financial stock. The shares were sold at an average price of $33.04, for a total transaction of $38,612,757.68.
• On Tuesday, August 25th, Global Advisors Ltd Dst sold 80,914 shares of Chime Financial stock. The stock was sold at an average price of $33.06, for a total transaction of $2,675,016.84.
• On Monday, August 24th, Global Advisors Ltd Dst sold 1,775,044 shares of Chime Financial stock. The stock was sold at an average price of $33.09, for a total transaction of $58,736,205.96.
• On Friday, August 21st, Global Advisors Ltd Dst sold 473,694 shares of Chime Financial stock. The stock was sold at an average price of $32.71, for a total transaction of $15,494,530.74.
• On Thursday, August 20th, Global Advisors Ltd Dst sold 383,031 shares of Chime Financial stock. The shares were sold at an average price of $33.02, for a total transaction of $12,647,683.62.
• On Wednesday, August 19th, Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock. The shares were sold at an average price of $32.66, for a total transaction of $145,538,087.62.
• On Tuesday, August 18th, Global Advisors Ltd Dst sold 353,812 shares of Chime Financial stock. The stock was sold at an average price of $32.21, for a total transaction of $11,396,284.52.
• On Friday, August 14th, Global Advisors Ltd Dst sold 524,661 shares of Chime Financial stock. The shares were sold at an average price of $32.18, for a total transaction of $16,883,590.98.
• On Thursday, August 13th, Global Advisors Ltd Dst sold 713,289 shares of Chime Financial stock. The shares were sold at an average price of $32.14, for a total transaction of $22,925,108.46.
• On Wednesday, August 12th, Global Advisors Ltd Dst sold 2,022 shares of Chime Financial stock. The shares were sold at an average price of $32.01, for a total value of $64,724.22.

Chime Financial Stock Up 1.0%

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NASDAQ:CHYM opened at $33.00 on Friday. Chime Financial, Inc. has a 12-month low of $15.88 and a 12-month high of $35.55. The firm has a market capitalization of $12.49 billion, a P/E ratio of -471.36 and a beta of 0.60. The stock's fifty day simple moving average is $27.73 and its 200-day simple moving average is $22.50.

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Chime Financial (NASDAQ:CHYM - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The company's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($7.29) EPS. As a group, equities research analysts expect that Chime Financial, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHYM shares. Wolfe Research upped their price target on Chime Financial from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. UBS Group lifted their price objective on shares of Chime Financial from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday. Zacks Research upgraded shares of Chime Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 18th. Keefe, Bruyette & Woods upped their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, Freedom Capital upgraded shares of Chime Financial to a "strong-buy" rating in a report on Thursday, July 23rd. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

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Read Our Latest Analysis on Chime Financial

Institutional Trading of Chime Financial

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in Chime Financial during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial during the second quarter worth $33,000. Scopus Asset Management L.P. bought a new stake in shares of Chime Financial during the second quarter worth $34,000. Caitong International Asset Management Co. Ltd raised its holdings 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 during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial during the second quarter worth $40,000.

Chime Financial News Roundup

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

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

Chime Financial Company Profile

(Get Free Report)

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company's products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.

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