Super Group (SGHC) Limited $SGHC Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its holdings in Super Group (SGHC) Limited (NYSE:SGHC) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,480,969 shares of the company’s stock after selling 12,814 shares during the quarter. Invesco Ltd. owned approximately 0.29% of Super Group (SGHC) worth $9,537,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Millennium Management LLC increased its holdings in shares of Super Group (SGHC) by 66.1% in the 4th quarter. Millennium Management LLC now owns 1,204,663 shares of the company’s stock valued at $7,505,000 after acquiring an additional 479,440 shares during the period. Northern Trust Corp lifted its holdings in shares of Super Group (SGHC) by 7.2% during the fourth quarter. Northern Trust Corp now owns 967,038 shares of the company’s stock worth $6,025,000 after purchasing an additional 65,168 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Super Group (SGHC) by 50.6% during the fourth quarter. Nuveen Asset Management LLC now owns 682,462 shares of the company’s stock worth $4,252,000 after purchasing an additional 229,211 shares during the period. Fiera Capital Corp acquired a new stake in shares of Super Group (SGHC) during the first quarter worth $3,878,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Super Group (SGHC) by 21.3% during the first quarter. Bank of New York Mellon Corp now owns 360,842 shares of the company’s stock worth $2,324,000 after purchasing an additional 63,453 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SGHC shares. JMP Securities started coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a “market outperform” rating and a $15.00 price target for the company. Benchmark increased their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Citizens Jmp started coverage on Super Group (SGHC) in a report on Monday, July 14th. They set a “strong-buy” rating and a $15.00 price target for the company. BTIG Research reaffirmed a “buy” rating on shares of Super Group (SGHC) in a report on Tuesday, July 8th. Finally, Needham & Company LLC increased their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, Super Group (SGHC) currently has an average rating of “Buy” and an average target price of $13.88.

Super Group (SGHC) Stock Performance

Shares of SGHC stock opened at $12.1350 on Monday. The stock has a fifty day moving average price of $11.00 and a 200 day moving average price of $8.92. The stock has a market cap of $6.11 billion, a PE ratio of 44.94 and a beta of 1.08. Super Group has a 1 year low of $3.26 and a 1 year high of $12.25.

Super Group (SGHC) Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.16 annualized dividend and a yield of 1.3%. Super Group (SGHC)’s payout ratio is currently 59.26%.

About Super Group (SGHC)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.