Thornburg Investment Management Inc. Takes Position in Wise Group plc $WSE

Key Points

• Thornburg Investment Management acquired 168,669 Wise Group shares worth approximately $2.0 million, while several other institutional investors also established new positions during the second quarter.
• Wise Group shares opened at $13.04, down 0.6%, after the company reported quarterly EPS of $0.12 and revenue of $576.48 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $16.52.
• The company faces securities-class-action litigation alleging misleading disclosures about compliance with anti-money-laundering and counter-terrorist-financing requirements, creating potential legal, regulatory, financial and reputational risks.

Thornburg Investment Management Inc. acquired a new position in Wise Group plc (NASDAQ:WSE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 168,669 shares of the company's stock, valued at approximately $2,009,000. Thornburg Investment Management Inc. owned 0.13% of Wise Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WSE. Public Employees Retirement System of Ohio acquired a new position in Wise Group during the second quarter valued at $1,265,000. Van ECK Associates Corp acquired a new stake in Wise Group during the 2nd quarter worth about $1,608,000. Madison Asset Management LLC acquired a new stake in Wise Group during the 2nd quarter worth about $1,725,000. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Wise Group during the 2nd quarter valued at about $2,514,000.

Wise Group Trading Down 0.6%

Shares of Wise Group stock opened at $13.04 on Friday. The stock has a 50-day moving average price of $12.44. Wise Group plc has a fifty-two week low of $10.36 and a fifty-two week high of $17.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 1.07.

Wise Group (NASDAQ:WSE - Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.12 EPS for the quarter. The business had revenue of $576.48 million for the quarter. On average, equities research analysts forecast that Wise Group plc will post 0.57 earnings per share for the current year.

Key Stories Impacting Wise Group

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

• Negative Sentiment: Several law firms, including SBS, Kaplan Fox, Rosen Law Firm, and others, reminded investors that a securities class action has been filed against Wise Group and certain officers. The case covers investors who purchased Wise securities from May 11 through July 23, 2026, with a September 29 deadline to seek lead-plaintiff status. The repeated notices increase visibility around the litigation and may weigh on investor sentiment. SBS securities lawsuit notice Kaplan Fox securities class action notice
• Negative Sentiment: The allegations reportedly concern statements that Wise represented compliance with AML and CTF requirements while regulators were documenting “long-standing deficiencies” at Wise’s U.S. operations. If substantiated, the claims could create legal costs, potential damages, regulatory exposure, and reputational risk. The allegations have not been proven in court. Wise shareholder alert
• Neutral Sentiment: Wise Group announced that its 2026 annual general meeting will take place on September 24, 2026. The announcement provides meeting details but does not identify a new operating, financial, or strategic catalyst. Wise Group 2026 annual general meeting details

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WSE shares. Barclays raised Wise Group to a "strong-buy" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. reduced their price target on Wise Group from $17.50 to $17.30 and set an "overweight" rating for the company in a research report on Friday, July 17th. Wall Street Zen upgraded Wise Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 27th. BNP Paribas Exane assumed coverage on Wise Group in a report on Monday, June 1st. They issued an "outperform" rating and a $16.69 price target for the company. Finally, The Goldman Sachs Group upgraded Wise Group to a "strong-buy" rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.52.

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.

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.

Add As Preferred Source