Relx Plc (NYSE:RELX) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Relx Plc (NYSE:RELX - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,483 shares of the technology company's stock after purchasing an additional 23,183 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Relx were worth $6,517,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in Relx by 8.3% in 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 last quarter. Bank of Montreal Can lifted its position in Relx by 194.9% during the third quarter. Bank of Montreal Can now owns 227,211 shares of the technology company's stock valued at $10,806,000 after purchasing an additional 150,163 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of Relx in the 4th quarter worth $6,296,000. Public Employees Retirement System of Ohio bought a new stake in shares of Relx in the 3rd quarter worth about $6,366,000. Finally, Reynders McVeigh Capital Management LLC raised its position in shares of Relx by 31.8% during 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 buying an additional 119,405 shares in the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RELX has been the subject of a number of recent research reports. Redburn Atlantic started coverage on Relx in a report on Wednesday, January 8th. They issued a "buy" rating for the company. Barclays raised shares of Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Finally, StockNews.com lowered Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th.

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Relx Stock Performance

RELX stock traded up $0.58 during midday trading on Tuesday, reaching $50.39. The stock had a trading volume of 344,200 shares, compared to its average volume of 729,017. Relx Plc has a 52-week low of $40.25 and a 52-week high of $51.99. The stock has a market cap of $93.53 billion, a PE ratio of 27.09, 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 quick ratio of 0.47 and a current ratio of 0.52. The firm has a fifty day simple moving average of $49.26 and a two-hundred day simple moving average of $47.73.

Relx Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued 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 dividend payout ratio is 59.68%.

Relx 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.