Principal Financial Group Inc. Has $51,000 Stock Holdings in Super Group Limited (NYSE:SGHC)

Principal Financial Group Inc. decreased its stake in Super Group Limited (NYSE:SGHC) by 30.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,040 shares of the company’s stock after selling 6,202 shares during the period. Principal Financial Group Inc.’s holdings in Super Group were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Walleye Capital LLC bought a new position in Super Group in the third quarter valued at approximately $54,000. Algert Global LLC boosted its holdings in shares of Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after buying an additional 6,711 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Super Group in the 3rd quarter valued at approximately $66,000. Burns Matteson Capital Management LLC bought a new position in shares of Super Group in the third quarter valued at $70,000. Finally, AQR Capital Management LLC acquired a new position in Super Group during the second quarter worth $77,000. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analysts Set New Price Targets

SGHC has been the subject of a number of recent analyst reports. Benchmark increased their price target on shares of Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Oppenheimer raised their target price on shares of Super Group from $6.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Needham & Company LLC upped their price objective on Super Group from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Super Group Price Performance

Shares of SGHC opened at $5.95 on Wednesday. The firm has a market capitalization of $2.96 billion, a PE ratio of 99.18 and a beta of 0.95. The company’s 50-day moving average is $6.01 and its 200-day moving average is $4.42. Super Group Limited has a fifty-two week low of $2.63 and a fifty-two week high of $7.12.

Super Group Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a $0.15 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, December 23rd. Super Group’s payout ratio is 166.67%.

Super Group Company 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.