The Manufacturers Life Insurance Company Purchases 43,851 Shares of Chime Financial, Inc. $CHYM

The Manufacturers Life Insurance Company increased its position in Chime Financial, Inc. (NASDAQ:CHYM) by 392.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,024 shares of the company’s stock after buying an additional 43,851 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Chime Financial were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in Chime Financial during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in Chime Financial in the 2nd quarter valued at approximately $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial during the second quarter valued at $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 valued at $37,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Chime Financial during the second quarter worth $40,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. 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. Wolfe Research reiterated an “outperform” rating and issued a $32.00 price target on shares of Chime Financial in a research report on Thursday, August 6th. Freedom Capital raised Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, UBS Group raised their price objective on Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.06.

Insider Activity

In other news, CFO Matthew S. Newcomb sold 65,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $30.17, for a total value of $1,961,050.00. Following the transaction, the chief financial officer directly owned 2,216,070 shares of the company’s stock, valued at $66,858,831.90. The trade was a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Amine Asmerom sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the sale, the chief accounting officer owned 216,946 shares in the company, valued at approximately $6,508,380. The trade was a 4.41% decrease in their position. 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. In the last 90 days, insiders sold 2,612,196 shares of company stock worth $82,922,714. 12.30% of the stock is owned by insiders.

Chime Financial News Summary

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

• Positive Sentiment: Chime announced that its Chime Scholars Foundation will award $3 million in scholarships to 800 students for the 2026–2027 academic year. The program has now awarded nearly $10 million since 2022, supporting almost 1,500 students. While the initiative is not a direct earnings catalyst, it may strengthen Chime’s brand and corporate reputation. Chime Scholars Foundation Announces 2026–2027 Cohort
• Positive Sentiment: The company’s latest quarterly results remain a key support for CHYM: Chime reported earnings of $0.07 per share versus the $0.01 loss analysts expected, while revenue rose 26.8% year over year to approximately $669.8 million. The earnings beat and continued growth have helped drive a more constructive analyst outlook.
• Neutral Sentiment: Analyst targets have generally moved higher, with recent objectives ranging from $28 to $37. This implies an overall favorable view, but the wide range—and the stock’s trading level near the upper end of those estimates—suggests valuation expectations are divided.
• Negative Sentiment: Several executives sold shares under pre-arranged Rule 10b5-1 plans. CEO Christopher Britt sold 350,000 shares, insider Ryan King sold 375,000, CFO Matthew Newcomb sold 65,000, and CAO Amine Asmerom sold 10,000, generating roughly $24 million in proceeds. The planned nature of the transactions reduces their bearish significance, but the combined sales may still pressure sentiment.
• Negative Sentiment: Major shareholder Global Advisors Ltd. Dst sold approximately 1.8 million shares for $58.6 million, cutting its position by about 79%. This large sale could create a supply overhang and is the most significant near-term negative signal in the filings. Chime Financial Insider Sales

Chime Financial Stock Performance

NASDAQ:CHYM opened at $31.60 on Thursday. Chime Financial, Inc. has a 52 week low of $15.88 and a 52 week high of $33.41. The firm’s fifty day moving average is $21.30 and its 200-day moving average is $20.90. The firm has a market cap of $12.04 billion, a P/E ratio of -451.36 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping 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 net margin of 0.74% and a negative return on equity of 1.28%. Chime Financial’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the business earned ($7.29) EPS. As a group, sell-side analysts anticipate that Chime Financial, Inc. will post 0.37 earnings per share for the current 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.