Royal London Asset Management Ltd. bought a new stake in shares of Wise Group plc (NASDAQ:WSE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 211,055 shares of the company's stock, valued at approximately $2,514,000. Royal London Asset Management Ltd. owned 0.17% of Wise Group as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Wise Group in the 2nd quarter worth approximately $1,265,000. Van ECK Associates Corp acquired a new stake in shares of Wise Group during the second quarter worth $1,608,000. Finally, Madison Asset Management LLC acquired a new stake in shares of Wise Group during the second quarter worth $1,725,000.
Key Stories Impacting Wise Group
Here are the key news stories impacting Wise Group this week:
- Neutral Sentiment: Multiple firms, including Rosen, Pomerantz, Glancy Prongay Wolke & Rotter, Faruqi & Faruqi, and Kaplan Fox, reminded investors that September 29, 2026 is the deadline to seek appointment as lead plaintiff. The notices generally cover investors who purchased WSE securities from May 11 through July 23, 2026. Rosen deadline alert
- Negative Sentiment: The litigation alleges that Wise understated or failed to disclose longstanding AML and CTF deficiencies before and after its Nasdaq debut. The claims have not been proven, but the lawsuit creates potential financial, regulatory, and reputational risks for the company. Levi and Korsinsky alert
- Negative Sentiment: One investor notice links the allegations to reports of a Belgian criminal probe and says WSE shares declined 16.05% over three trading sessions after the reports became public. The cluster of legal-firm announcements keeps attention focused on compliance controls rather than Wise’s operating performance. SueWallSt deadline alert
Wise Group Stock Performance
NASDAQ:WSE opened at $12.94 on Wednesday. Wise Group plc has a 12 month low of $10.36 and a 12 month high of $17.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $12.52.
Wise Group (NASDAQ:WSE - Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $576.48 million for the quarter. Equities research analysts anticipate that Wise Group plc will post 0.57 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on WSE shares. Barclays upgraded shares of Wise Group to a "strong-buy" rating in a report on Tuesday, July 7th. Weiss Ratings lowered Wise Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. The Goldman Sachs Group raised Wise Group to a "strong-buy" rating in a research note on Tuesday, May 12th. BNP Paribas Exane assumed coverage on Wise Group in a research report on Monday, June 1st. They set an "outperform" rating and a $16.69 target price on the stock. Finally, Wall Street Zen raised Wise Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Wise Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.52.
View Our Latest Analysis on Wise Group
Wise Group Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wise Group plc (NASDAQ:WSE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Wise Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wise Group wasn't on the list.
While Wise Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
