Dimensional Fund Advisors LP Acquires 121,831 Shares of Relx Plc (NYSE:RELX)

Dimensional Fund Advisors LP grew its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,189,886 shares of the technology company's stock after acquiring an additional 121,831 shares during the quarter. Dimensional Fund Advisors LP owned about 0.17% of Relx worth $144,885,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in 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 buying an additional 104,999 shares during the period. LGT Group Foundation bought a new stake in Relx in the fourth quarter worth $257,000. Paradigm Asset Management Co. LLC raised its stake in shares of Relx by 17.1% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company's stock valued at $3,706,000 after acquiring an additional 11,900 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Relx by 120.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company's stock worth $548,000 after purchasing an additional 6,588 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Relx in the fourth quarter valued at about $301,000. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Stock Up 0.6 %

Shares of NYSE:RELX traded up $0.33 during trading on Friday, hitting $53.50. 518,300 shares of the company's stock traded hands, compared to its average volume of 709,067. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company has a 50-day moving average price of $49.53 and a 200-day moving average price of $48.23. Relx Plc has a 52 week low of $40.77 and a 52 week high of $53.56. The company has a market cap of $99.02 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84.

Relx Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. This is a positive change from Relx's previous semi-annual dividend of $0.23. Relx's payout ratio is presently 59.68%.

Analyst Ratings Changes

RELX has been the topic of several research analyst reports. The Goldman Sachs Group began coverage on shares of Relx in a research report on Wednesday, March 26th. They issued a "buy" rating on the stock. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. Redburn Atlantic started coverage on shares of Relx in a report on Wednesday, January 8th. They set a "buy" rating on the stock. StockNews.com lowered Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley restated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy".

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.