Man Group plc Makes New Investment in Remitly Global, Inc. $RELY

Posted by George Bondi on Aug 31st, 2026

Man Group plc bought a new stake in shares of Remitly Global, Inc. (NASDAQ:RELY – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 226,521 shares of the financial services provider’s stock, valued at approximately $5,076,000. Man Group plc owned 0.11% of Remitly Global at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RELY. BlackRock Inc. bought a new stake in shares of Remitly Global during the second quarter worth approximately $410,752,000. Marshall Wace LLP boosted its stake in Remitly Global by 30.4% in the fourth quarter. Marshall Wace LLP now owns 5,995,712 shares of the financial services provider’s stock valued at $82,741,000 after acquiring an additional 1,396,568 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Remitly Global by 86.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,554,016 shares of the financial services provider’s stock valued at $90,530,000 after acquiring an additional 2,567,446 shares during the last quarter. Bank of America Corp DE grew its holdings in Remitly Global by 471.7% during the 1st quarter. Bank of America Corp DE now owns 5,153,726 shares of the financial services provider’s stock worth $80,759,000 after acquiring an additional 4,252,294 shares during the period. Finally, Generation Investment Management LLP acquired a new stake in Remitly Global during the 2nd quarter worth $109,637,000. Institutional investors own 74.25% of the company’s stock.

Insiders Place Their Bets

In other Remitly Global news, Director Joshua Hug sold 16,800 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $22.97, for a total value of $385,896.00. Following the completion of the sale, the director directly owned 3,385,457 shares in the company, valued at $77,763,947.29. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nigel W. Morris sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $26.26, for a total value of $525,200.00. Following the sale, the director directly owned 1,831,056 shares in the company, valued at approximately $48,083,530.56. This represents a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 481,771 shares of company stock valued at $11,773,957. Insiders own 6.53% of the company’s stock.

Remitly Global Stock Performance

RELY opened at $26.55 on Monday. The firm’s fifty day moving average is $23.99 and its two-hundred day moving average is $20.39. The firm has a market cap of $5.62 billion, a PE ratio of 19.10 and a beta of 0.34. Remitly Global, Inc. has a twelve month low of $12.08 and a twelve month high of $27.15.

Remitly Global (NASDAQ:RELY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.81. Remitly Global had a net margin of 16.85% and a return on equity of 33.33%. The company had revenue of $495.16 million during the quarter, compared to analyst estimates of $486.25 million. During the same quarter in the previous year, the business earned $0.03 EPS. The firm’s revenue was up 20.2% on a year-over-year basis. Equities analysts forecast that Remitly Global, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RELY shares. Citigroup reissued an “outperform” rating on shares of Remitly Global in a research note on Thursday, August 6th. Wolfe Research upped their price objective on Remitly Global from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Zacks Research upgraded Remitly Global from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. The Goldman Sachs Group increased their target price on Remitly Global from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Citizens Jmp raised their target price on Remitly Global from $30.00 to $32.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $27.78.

View Our Latest Stock Analysis on Remitly Global

About Remitly Global

(Free Report)

Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY.