Connor Clark & Lunn Investment Management Ltd. Buys New Shares in Relx Plc (NYSE:RELX)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Relx Plc (NYSE:RELX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 218,413 shares of the technology company's stock, valued at approximately $9,920,000.

A number of other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Relx by 10.8% during the 4th quarter. Farther Finance Advisors LLC now owns 22,438 shares of the technology company's stock valued at $1,019,000 after purchasing an additional 2,188 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Relx by 83.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,613 shares of the technology company's stock valued at $482,000 after acquiring an additional 4,824 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Relx by 4.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,674 shares of the technology company's stock worth $757,000 after acquiring an additional 638 shares during the last quarter. Natural Investments LLC bought a new position in Relx in the 4th quarter valued at approximately $705,000. Finally, Sage Mountain Advisors LLC boosted its stake in Relx by 5.1% during the 4th quarter. Sage Mountain Advisors LLC now owns 5,292 shares of the technology company's stock valued at $240,000 after purchasing an additional 258 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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Relx Stock Performance

Shares of RELX stock traded up $0.32 on Wednesday, reaching $49.31. The stock had a trading volume of 438,482 shares, compared to its average volume of 729,516. The stock has a market cap of $91.51 billion, a P/E ratio of 26.51, 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 quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The company has a 50 day simple moving average of $48.99 and a 200 day simple moving average of $47.64.

Relx Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be paid a $0.5586 dividend. This represents a dividend 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%.

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.