Liontrust Investment Partners LLP Buys New Shares in Chime Financial, Inc. $CHYM

Liontrust Investment Partners LLP purchased a new stake in shares of Chime Financial, Inc. (NASDAQ:CHYM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,137 shares of the company’s stock, valued at approximately $695,000.

Several other large investors have also recently added to or reduced their stakes in CHYM. EverSource Wealth Advisors LLC acquired a new stake in shares of Chime Financial during the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. bought a new position in Chime Financial in the second quarter worth $34,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial during the 2nd quarter valued at about $40,000. Emerald Mutual Fund Advisers Trust acquired a new position in Chime Financial during the second quarter worth $113,000. Finally, Legal & General Group Plc bought a new position in Chime Financial during the 2nd quarter valued at about $136,000.

Insider Buying and Selling

In other Chime Financial news, General Counsel Adam B. Frankel sold 1,000 shares of Chime Financial stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $25.50, for a total transaction of $25,500.00. Following the completion of the sale, the general counsel owned 252,416 shares of the company’s stock, valued at approximately $6,436,608. The trade was a 0.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 8,260 shares of company stock worth $200,158.

Chime Financial Price Performance

Shares of NASDAQ:CHYM opened at $26.19 on Monday. Chime Financial, Inc. has a 1-year low of $16.17 and a 1-year high of $44.94. The stock’s 50-day moving average price is $20.15.

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

Analyst Upgrades and Downgrades

CHYM has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Chime Financial from $40.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Chime Financial in a report on Wednesday, October 8th. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 price objective on shares of Chime Financial in a report on Thursday, October 30th. William Blair reaffirmed an “outperform” rating on shares of Chime Financial in a research note on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Chime Financial from $42.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chime Financial has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.