Amundi Acquires New Shares in Wise Group plc $WSE

Key Points

• Amundi acquired 4.9 million Wise Group shares worth approximately $58.3 million, giving it a 3.91% stake. Several other institutional investors also initiated positions during the second quarter.
• Analyst sentiment remains generally positive, with Wise Group carrying a “Moderate Buy” consensus rating and an average price target of $16.52, compared with a recent share price near $11.93.
• Legal risks remain a concern: law firms are promoting a securities class action alleging that Wise understated anti-money-laundering deficiencies and failed to disclose a Belgian criminal investigation; these allegations could create legal, reputational and financial uncertainty.

Amundi bought a new stake in Wise Group plc (NASDAQ:WSE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,897,374 shares of the company's stock, valued at approximately $58,328,000. Amundi owned about 3.91% of Wise Group as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WSE. Royal London Asset Management Ltd. bought a new stake in shares of Wise Group during the 2nd quarter valued at approximately $2,514,000. Thornburg Investment Management Inc. acquired a new stake in shares of Wise Group during the 2nd quarter valued at $2,009,000. Madison Asset Management LLC acquired a new stake in shares of Wise Group during the 2nd quarter valued at $1,725,000. Van ECK Associates Corp acquired a new stake in shares of Wise Group during the 2nd quarter valued at $1,608,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Wise Group during the 2nd quarter worth $1,265,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WSE. Weiss Ratings raised Wise Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. cut their target price on shares of Wise Group from $17.50 to $17.30 and set an "overweight" rating on the stock in a research report on Friday, July 17th. Canaccord Genuity Group assumed coverage on shares of Wise Group in a report on Wednesday, September 2nd. They set a "buy" rating on the stock. Morgan Stanley started coverage on shares of Wise Group in a research report on Monday, June 29th. They issued an "equal weight" rating and a $16.10 price target for the company. Finally, Wall Street Zen raised shares of Wise Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.52.

Key Stories Impacting Wise Group

Here are the key news stories impacting Wise Group this week:

• Neutral Sentiment: Wise Group presented at the Goldman Sachs Communacopia + Technology Conference, but the provided transcript information does not identify a new financial forecast, major contract, or other clear catalyst for the stock. Goldman Sachs conference transcript
• Neutral Sentiment: A short-interest entry reported zero shares as of September 10, compared with zero previously, producing an invalid “NaN” change and a 0.0-day ratio. The figures provide no meaningful evidence of increased short positioning and may reflect a data-quality issue.
• Negative Sentiment: Several law firms publicized a previously filed securities class action against Wise Group and urged investors to seek lead-plaintiff status by September 29, 2026. The notices allege that Wise’s Form 20-F understated anti-money-laundering deficiencies and failed to disclose an active Belgian criminal investigation. These are allegations, not established findings, but the litigation creates potential legal costs, reputational damage, and uncertainty for investors. Securities class action deadline notice
• Negative Sentiment: The proposed class period runs from May 11 through July 23, 2026, covering investors who acquired Wise securities during that period. The concentration of repeated legal notices on September 9–10 likely intensified selling pressure and investor concern, even though the announcements largely repeat the same underlying lawsuit. Kaplan Fox class action announcement

Wise Group Stock Performance

WSE stock opened at $11.93 on Friday. 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 plc has a 12-month low of $10.36 and a 12-month high of $17.47. The firm has a fifty day moving average price of $12.62.

Wise Group (NASDAQ:WSE - Get Free Report) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $576.48 million for the quarter. Sell-side analysts expect that Wise Group plc will post 0.57 EPS for the current fiscal year.

Wise Group 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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