Relx Plc (NYSE:RELX) Holdings Increased by IFP Advisors Inc

IFP Advisors Inc increased its holdings in Relx Plc (NYSE:RELX) by 330.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,769 shares of the technology company’s stock after purchasing an additional 2,894 shares during the quarter. IFP Advisors Inc’s holdings in Relx were worth $171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co raised its holdings in shares of Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Relx in the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Relx in the 4th quarter worth approximately $43,000. Private Trust Co. NA raised its holdings in shares of Relx by 119.9% in the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after purchasing an additional 566 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Relx in the third quarter worth approximately $125,000. 15.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RELX. Redburn Atlantic began coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating on the stock. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday.

Relx Stock Performance

Relx stock opened at $48.50 on Tuesday. The firm’s 50 day simple moving average is $48.42 and its 200-day simple moving average is $47.49. The company has a market cap of $90.14 billion, a P/E ratio of 26.08, a price-to-earnings-growth 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. 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. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. The ex-dividend date is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s payout ratio is presently 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.