Abacus FCF Advisors LLC Acquires Shares of 51,242 Relx Plc (NYSE:RELX)

Abacus FCF Advisors LLC bought a new stake in Relx Plc (NYSE:RELX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 51,242 shares of the technology company's stock, valued at approximately $2,329,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Relx by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,300 shares of the technology company's stock worth $5,709,000 after acquiring an additional 14,088 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Relx in the 3rd quarter worth approximately $255,000. Benjamin Edwards Inc. acquired a new stake in Relx in the 3rd quarter worth approximately $438,000. HighTower Advisors LLC grew its position in Relx by 5.9% during the 3rd quarter. HighTower Advisors LLC now owns 113,081 shares of the technology company's stock worth $5,373,000 after purchasing an additional 6,298 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Relx during the 3rd quarter valued at approximately $397,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Performance

Shares of NYSE RELX traded up $0.04 during trading on Friday, reaching $49.06. 1,831,813 shares of the company traded hands, compared to its average volume of 723,447. The stock has a market cap of $90.79 billion, a P/E ratio of 26.37, a PEG ratio of 2.73 and a beta of 0.84. The firm's fifty day simple moving average is $49.29 and its 200 day simple moving average is $47.87. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99.

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Relx Increases Dividend

The business also recently declared 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. This is a boost from Relx's previous semi-annual dividend of $0.23. This represents a yield of 1.6%. The ex-dividend date is Friday, May 9th. Relx's dividend payout ratio (DPR) is currently 59.68%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group started coverage on shares of Relx in a research note on Wednesday, March 26th. They set a "buy" rating for the company. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Redburn Atlantic began coverage on Relx in a report on Wednesday, January 8th. They set a "buy" rating for the company. Finally, StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy".

Relx Company Profile

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.