JPMorgan Chase & Co. Has $824,000 Stock Holdings in Super Group Limited (NYSE:SGHC)

JPMorgan Chase & Co. raised its position in shares of Super Group Limited (NYSE:SGHC) by 106.0% in the third quarter, Holdings Channel reports. The fund owned 226,906 shares of the company’s stock after buying an additional 116,740 shares during the quarter. JPMorgan Chase & Co.’s holdings in Super Group were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in SGHC. Barclays PLC raised its stake in 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 purchasing an additional 157,693 shares during the last quarter. Geode Capital Management LLC lifted its position in Super Group by 0.8% in 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 during the period. State Street Corp boosted its stake 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. HighTower Advisors LLC boosted its position in shares of Super Group by 22.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock valued at $78,000 after acquiring an additional 3,993 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Super Group during the third quarter valued at approximately $54,000. 5.09% of the stock is owned by institutional investors and hedge funds.

Super Group Price Performance

Super Group stock opened at $7.92 on Monday. Super Group Limited has a fifty-two week low of $2.90 and a fifty-two week high of $7.97. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 132.06 and a beta of 0.95. The company’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $4.69.

Super Group Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Wednesday, January 8th. Investors of record on Monday, December 23rd were given a $0.15 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, December 23rd. Super Group’s dividend payout ratio is currently 166.69%.

Analyst Upgrades and Downgrades

SGHC has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $9.00 price objective on shares of Super Group in a report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Super Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $10.00 in a research note on Friday. Oppenheimer boosted their target price on Super Group from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Benchmark boosted their price target on shares of Super Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

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.