109,141 Shares in Wise Group plc $WSE Bought by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. acquired 109,141 Wise Group shares during the third quarter, valued at approximately $1.25 million and representing about 0.09% of the company.
• Analysts remain broadly positive, with Wise Group receiving a consensus “Moderate Buy” rating and an average price target of $16.94. JPMorgan and UBS recently raised their price targets to $17.70 and $17.25, respectively.
• Wise Group shares opened at $10.95, near their one-year low of $10.36 and below the 50-day moving average of $12.18. Insiders sold 106,626 shares worth about $1.25 million over the past 90 days, primarily to cover tax obligations.

Vontobel Holding Ltd. bought a new position in shares of Wise Group plc (NASDAQ:WSE - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 109,141 shares of the company's stock, valued at approximately $1,251,000. Vontobel Holding Ltd. owned about 0.09% of Wise Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of WSE. TD Waterhouse Canada Inc. acquired a new stake in shares of Wise Group during the 2nd quarter valued at $49,000. Versant Capital Management Inc acquired a new position in Wise Group in the 3rd quarter worth about $114,000. Two Sigma Securities LLC bought a new position in Wise Group in the second quarter valued at about $125,000. Resolute Advisors LLC bought a new position in Wise Group in the second quarter valued at about $192,000. Finally, jvl associates llc bought a new position in Wise Group in the third quarter valued at about $230,000.

Analyst Ratings Changes

WSE has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on Wise Group from $17.30 to $17.70 and gave the company an "overweight" rating in a research note on Friday. Canaccord Genuity Group began coverage on Wise Group in a research note on Wednesday, September 2nd. They issued a "buy" rating for the company. Weiss Ratings raised shares of Wise Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 6th. UBS Group increased their price objective on Wise Group from $16.00 to $17.25 and gave the company a "buy" rating in a report on Tuesday, October 13th. Finally, Morgan Stanley initiated coverage on Wise Group in a research report on Monday, June 29th. They set an "equal weight" rating and a $16.10 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.94.

Wise Group Stock Down 0.3%

Wise Group stock opened at $10.95 on Tuesday. The business has a 50 day moving average of $12.18. Wise Group plc has a one year low of $10.36 and a one year high of $17.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.

Wise Group (NASDAQ:WSE - Get Free Report) last released its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $576.48 million for the quarter. On average, equities research analysts forecast that Wise Group plc will post 0.56 EPS for the current fiscal year.

Insider Transactions at Wise Group

In other news, insider Nilan Peiris sold 58,262 shares of the company's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $11.75, for a total value of $684,578.50. Following the sale, the insider directly owned 2,516,438 shares of the company's stock, valued at approximately $29,568,146.50. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Harsh Sinha sold 42,324 shares of the company's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $11.75, for a total transaction of $497,307.00. Following the completion of the sale, the chief technology officer directly owned 979,030 shares in the company, valued at approximately $11,503,602.50. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 106,626 shares of company stock worth $1,252,856.

Wise Group Company Profile

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.

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