First Trust Advisors LP Purchases 38,335 Shares of Relx Plc (NYSE:RELX)

First Trust Advisors LP increased its position in Relx Plc (NYSE:RELX) by 799.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 43,129 shares of the technology company’s stock after acquiring an additional 38,335 shares during the period. First Trust Advisors LP’s holdings in Relx were worth $1,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Relx during the third quarter worth approximately $223,000. Wilmington Savings Fund Society FSB acquired a new stake in Relx during the 3rd quarter worth $125,000. Franklin Resources Inc. raised its position in shares of Relx by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 18,429 shares of the technology company’s stock valued at $873,000 after acquiring an additional 588 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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. Finally, Versant Capital Management Inc bought a new position in shares of Relx in the 4th quarter worth $31,000. 15.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RELX shares. The Goldman Sachs Group started coverage on Relx in a research note on Wednesday, March 26th. They issued a “buy” rating on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Wednesday, April 16th. Barclays raised shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Finally, Redburn Atlantic started coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Relx has a consensus rating of “Buy”.

Relx Stock Up 0.0 %

Relx stock opened at $55.05 on Tuesday. Relx Plc has a twelve month low of $41.94 and a twelve month high of $55.21. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The company has a 50 day moving average of $50.10 and a 200-day moving average of $48.51. The stock has a market capitalization of $101.88 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86.

Relx Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. This represents a yield of 1.6%. 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. Relx’s dividend payout ratio is 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.