Super Group Limited (NYSE:SGHC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Super Group Limited (NYSE:SGHC) by 2.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 362,798 shares of the company’s stock after purchasing an additional 8,232 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Super Group were worth $2,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SGHC. HighTower Advisors LLC lifted its stake in shares of Super Group by 22.7% during the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock valued at $78,000 after buying an additional 3,993 shares during the period. DGS Capital Management LLC purchased a new stake in Super Group during the fourth quarter worth approximately $73,000. Geode Capital Management LLC lifted its stake in shares of Super Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,742,924 shares of the company’s stock worth $6,327,000 after purchasing an additional 14,507 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Super Group during the third quarter worth $54,000. Finally, New York State Common Retirement Fund grew its stake in shares of Super Group by 40.3% during the fourth quarter. New York State Common Retirement Fund now owns 53,814 shares of the company’s stock valued at $335,000 after acquiring an additional 15,463 shares in the last quarter. 5.09% of the stock is owned by hedge funds and other institutional investors.

Super Group Stock Performance

Shares of NYSE:SGHC opened at $6.63 on Friday. The company has a market cap of $3.30 billion, a P/E ratio of 110.45 and a beta of 1.00. The stock’s 50-day moving average is $7.49 and its 200-day moving average is $5.96. Super Group Limited has a 52-week low of $2.90 and a 52-week high of $8.51.

Super Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SGHC shares. BTIG Research began coverage on shares of Super Group in a research note on Friday. They issued a “buy” rating and a $9.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Super Group in a research note on Monday, January 27th. Needham & Company LLC raised their price objective on 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 target price on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Oppenheimer upped their price target 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $10.20.

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.