Ieq Capital LLC Acquires 2,146 Shares of Relx Plc (NYSE:RELX)

Ieq Capital LLC lifted its holdings in shares of Relx Plc (NYSE:RELX) by 23.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,120 shares of the technology company’s stock after acquiring an additional 2,146 shares during the quarter. Ieq Capital LLC’s holdings in Relx were worth $505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Relx by 8.3% during the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after acquiring an additional 548,423 shares during the period. Captrust Financial Advisors boosted its stake in Relx by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock valued at $52,386,000 after purchasing an additional 35,807 shares during the period. JPMorgan Chase & Co. boosted its stake in Relx by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock valued at $39,225,000 after purchasing an additional 104,999 shares during the period. Reynders McVeigh Capital Management LLC boosted its stake in Relx by 31.8% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock valued at $23,493,000 after purchasing an additional 119,405 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in Relx by 2.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 280,889 shares of the technology company’s stock valued at $12,755,000 after purchasing an additional 7,289 shares during the period. 15.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RELX. Redburn Atlantic began coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com downgraded Relx from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.

Relx Price Performance

Shares of NYSE RELX opened at $48.23 on Thursday. The stock has a market capitalization of $89.63 billion, a PE ratio of 25.93, a P/E/G ratio of 2.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The business has a fifty day moving average price of $48.27 and a two-hundred day moving average price of $47.42. Relx Plc has a fifty-two week low of $40.25 and a fifty-two week high of $51.99.

Relx Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s payout ratio is currently 59.68%.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.