International Assets Investment Management LLC Invests $700,000 in Relx Plc (NYSE:RELX)

International Assets Investment Management LLC bought a new position in shares of Relx Plc (NYSE:RELX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 17,649 shares of the technology company’s stock, valued at approximately $700,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC raised its position in shares of Relx by 24.1% in the 4th quarter. Ballentine Partners LLC now owns 14,951 shares of the technology company’s stock valued at $593,000 after purchasing an additional 2,902 shares in the last quarter. Caprock Group LLC raised its position in shares of Relx by 20.5% during the 4th quarter. Caprock Group LLC now owns 11,544 shares of the technology company’s stock valued at $458,000 after acquiring an additional 1,962 shares in the last quarter. Blue Trust Inc. raised its position in shares of Relx by 91.7% during the 4th quarter. Blue Trust Inc. now owns 1,451 shares of the technology company’s stock valued at $58,000 after acquiring an additional 694 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Relx by 5.4% during the 4th quarter. Ritholtz Wealth Management now owns 123,566 shares of the technology company’s stock valued at $4,901,000 after acquiring an additional 6,364 shares in the last quarter. Finally, Procyon Advisors LLC raised its position in shares of Relx by 8.6% during the 4th quarter. Procyon Advisors LLC now owns 7,453 shares of the technology company’s stock valued at $296,000 after acquiring an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of NYSE RELX opened at $41.43 on Thursday. Relx Plc has a 1-year low of $30.10 and a 1-year high of $44.75. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average price is $42.89 and its two-hundred day moving average price is $40.03.

Relx Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be given a $0.526 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22. This represents a yield of 1.7%.

Analyst Upgrades and Downgrades

RELX has been the topic of several research reports. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Thursday. Berenberg Bank lowered Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Relx Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.