JPMorgan Chase & Co. Buys 755,044 Shares of Super Group Limited (NYSE:SGHC)

JPMorgan Chase & Co. grew its stake in shares of Super Group Limited (NYSE:SGHC) by 332.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 981,950 shares of the company’s stock after purchasing an additional 755,044 shares during the period. JPMorgan Chase & Co.’s holdings in Super Group were worth $6,118,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Super Group during the 4th quarter valued at approximately $66,000. Xponance Inc. purchased a new position in shares of Super Group in the 4th quarter valued at approximately $67,000. DGS Capital Management LLC bought a new stake in shares of Super Group during the fourth quarter valued at approximately $73,000. Fox Run Management L.L.C. purchased a new stake in Super Group in the fourth quarter worth $75,000. Finally, HighTower Advisors LLC raised its holdings in Super Group by 22.7% in the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company’s stock worth $78,000 after purchasing an additional 3,993 shares in the last quarter. 5.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on SGHC shares. Oppenheimer boosted their price objective 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 boosted their price target on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. BTIG Research assumed coverage on Super Group in a report on Friday, March 28th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Benchmark restated a “buy” rating and set a $12.00 price target on shares of Super Group in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $10.60.

Super Group Stock Performance

Shares of NYSE:SGHC opened at $7.63 on Friday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 127.10 and a beta of 1.05. The firm has a fifty day moving average price of $7.18 and a 200 day moving average price of $6.30. Super Group Limited has a fifty-two week low of $2.90 and a fifty-two week high of $8.51.

Super Group (NYSE:SGHC) last issued its quarterly earnings data on Thursday, April 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Super Group had a return on equity of 15.40% and a net margin of 2.25%. The business had revenue of $517.61 million for the quarter, compared to analysts’ expectations of $413.00 million. As a group, research analysts predict that Super Group Limited will post 0.29 earnings per share for the current year.

Super Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.04 dividend. This represents a dividend yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group’s payout ratio is 66.67%.

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.