Super Group Limited (NYSE:SGHC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Super Group Limited (NYSE:SGHC) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 297,389 shares of the company’s stock after selling 3,756 shares during the quarter. Bank of New York Mellon Corp owned 0.06% of Super Group worth $1,853,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SGHC. Helikon Investments Ltd lifted its holdings in shares of Super Group by 82.5% in the 4th quarter. Helikon Investments Ltd now owns 3,234,022 shares of the company’s stock worth $20,148,000 after acquiring an additional 1,462,418 shares during the last quarter. State Street Corp increased its stake in Super Group by 8.5% during the 3rd 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 period. Barclays PLC increased its stake in Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company’s stock worth $978,000 after buying an additional 157,693 shares during the period. JPMorgan Chase & Co. increased its stake in Super Group by 106.0% during the 3rd 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 period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Super Group during the 4th quarter worth approximately $233,000. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Super Group Trading Down 2.4 %

Shares of Super Group stock opened at $6.82 on Friday. The company has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $5.86. Super Group Limited has a 12-month low of $2.90 and a 12-month high of $8.51. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 113.60 and a beta of 1.00.

Super Group Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, March 10th. Super Group’s payout ratio is 266.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SGHC shares. Oppenheimer upped their target price on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Needham & Company LLC increased their price objective on shares of Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Super Group in a research report on Monday, January 27th. Finally, Canaccord Genuity Group increased their price objective 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.

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.