Invesco Ltd. Increases Position in Super Group Limited (NYSE:SGHC)

Invesco Ltd. boosted its holdings in shares of Super Group Limited (NYSE:SGHC - Free Report) by 500.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,493,783 shares of the company's stock after acquiring an additional 1,245,185 shares during the quarter. Invesco Ltd. owned 0.30% of Super Group worth $9,306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company's stock valued at $978,000 after acquiring an additional 157,693 shares during the period. JPMorgan Chase & Co. raised its holdings in Super Group by 106.0% during the third quarter. JPMorgan Chase & Co. now owns 226,906 shares of the company's stock worth $824,000 after buying an additional 116,740 shares during the last quarter. State Street Corp raised its holdings in Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company's stock worth $9,042,000 after buying an additional 194,460 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Super Group by 360.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,301,153 shares of the company's stock worth $8,106,000 after buying an additional 1,018,664 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Super Group by 19.4% during the fourth quarter. American Century Companies Inc. now owns 4,353,121 shares of the company's stock worth $27,120,000 after buying an additional 707,723 shares during the last quarter. 5.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SGHC has been the topic of several research reports. BTIG Research began coverage on shares of Super Group in a report on Friday, March 28th. They set a "buy" rating and a $9.00 price objective on the stock. Needham & Company LLC upped their target price on shares of Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group increased their price target on shares of Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $12.00 price target on shares of Super Group in a research report on Wednesday, April 16th. Finally, Oppenheimer increased their price target on shares of Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $10.60.

Super Group Stock Performance

Super Group stock traded down $0.04 during mid-day trading on Tuesday, reaching $7.97. The company's stock had a trading volume of 66,027 shares, compared to its average volume of 610,923. The firm's fifty day moving average price is $7.11 and its two-hundred day moving average price is $6.53. Super Group Limited has a 12-month low of $2.91 and a 12-month high of $8.51. The company has a market capitalization of $4.01 billion, a P/E ratio of 132.61 and a beta of 1.05.

Super Group (NYSE:SGHC - Get Free Report) last issued its earnings results on Thursday, April 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. Super Group had a net margin of 2.25% and a return on equity of 15.40%. The business had revenue of $517.61 million for the quarter, compared to analysts' expectations of $413.00 million. On average, research analysts predict that Super Group Limited will post 0.29 EPS for the current fiscal year.

Super Group Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a yield of 3.6%. Super Group's payout ratio is 66.67%.

Super Group Profile

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.