SVB Wealth LLC Raises Position in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

SVB Wealth LLC increased its holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,126 shares of the company’s stock after purchasing an additional 425 shares during the quarter. SVB Wealth LLC’s holdings in GE HealthCare Technologies were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GEHC. Barclays PLC purchased a new position in GE HealthCare Technologies in the 2nd quarter worth $92,462,000. Thrivent Financial for Lutherans purchased a new position in shares of GE HealthCare Technologies in the second quarter valued at about $1,590,000. MML Investors Services LLC purchased a new position in shares of GE HealthCare Technologies in the second quarter valued at about $929,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of GE HealthCare Technologies in the second quarter valued at about $3,474,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of GE HealthCare Technologies in the second quarter valued at about $1,150,000. Hedge funds and other institutional investors own 82.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GEHC shares. UBS Group upgraded shares of GE HealthCare Technologies from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $66.00 to $88.00 in a research report on Monday, February 12th. Morgan Stanley boosted their price objective on shares of GE HealthCare Technologies from $74.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. HSBC initiated coverage on shares of GE HealthCare Technologies in a research report on Thursday, February 15th. They issued a “buy” rating and a $100.00 price objective on the stock. Evercore ISI lifted their target price on shares of GE HealthCare Technologies from $93.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Argus lifted their target price on shares of GE HealthCare Technologies from $80.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.09.

GE HealthCare Technologies Trading Down 0.6 %

NASDAQ:GEHC opened at $84.49 on Friday. GE HealthCare Technologies Inc. has a one year low of $62.35 and a one year high of $94.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 0.83. The company’s 50-day simple moving average is $88.74 and its 200 day simple moving average is $77.89. The firm has a market capitalization of $38.56 billion, a P/E ratio of 27.98, a PEG ratio of 2.96 and a beta of 0.94.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.07 by $0.11. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. GE HealthCare Technologies’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that GE HealthCare Technologies Inc. will post 4.3 EPS for the current fiscal year.

GE HealthCare Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. GE HealthCare Technologies’s dividend payout ratio is presently 3.97%.

GE HealthCare Technologies Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.