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

Principal Financial Group Inc. trimmed its holdings in shares of Super Group Limited (NYSE:SGHC) by 30.6% during the third quarter, Holdings Channel.com reports. The fund owned 14,040 shares of the company’s stock after selling 6,202 shares during the quarter. Principal Financial Group Inc.’s holdings in Super Group were worth $51,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Helikon Investments Ltd acquired a new position in shares of Super Group during the 3rd quarter worth approximately $6,431,000. American Century Companies Inc. grew its position in Super Group by 6,842.6% during the second quarter. American Century Companies Inc. now owns 973,290 shares of the company’s stock worth $3,144,000 after buying an additional 959,271 shares in the last quarter. State Street Corp grew its position 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 in the last quarter. 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 acquiring an additional 157,693 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in Super Group by 133.3% in the 3rd quarter. GSA Capital Partners LLP now owns 237,778 shares of the company’s stock valued at $863,000 after acquiring an additional 135,865 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SGHC shares. Oppenheimer raised their price target on Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Benchmark raised their target price on shares of Super Group from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC upped their price target on shares of Super Group from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Super Group Stock Performance

Shares of SGHC opened at $5.95 on Wednesday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 99.18 and a beta of 0.95. Super Group Limited has a 52-week low of $2.63 and a 52-week high of $7.12. The business’s fifty day moving average is $6.01 and its 200-day moving average is $4.42.

Super Group Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, January 8th. Investors of record on Monday, December 23rd will be paid a $0.15 dividend. This represents a yield of 5.7%. The ex-dividend date 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.