Relx Plc (NYSE:RELX) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in Relx Plc (NYSE:RELX - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,898,927 shares of the technology company's stock after purchasing an additional 48,336 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Relx worth $86,249,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co boosted its stake in shares of Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after buying an additional 529 shares during the period. Versant Capital Management Inc purchased a new stake in Relx during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new stake in Relx during the 4th quarter worth approximately $43,000. Brown Brothers Harriman & Co. grew its stake in shares of Relx by 218.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after purchasing an additional 662 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Relx by 19.2% in the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock valued at $56,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 15.02% of the company's stock.

Wall Street Analyst Weigh In

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

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Relx Price Performance

Shares of NYSE:RELX traded up $0.83 on Monday, reaching $49.95. 221,639 shares of the company were exchanged, compared to its average volume of 657,565. 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 1-year low of $40.25 and a 1-year high of $51.99. The company has a 50-day moving average of $49.29 and a 200-day moving average of $47.87. The firm has a market cap of $92.45 billion, a price-to-earnings ratio of 26.85, 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. Stockholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. This is an increase from Relx's previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. Relx's dividend payout ratio (DPR) is presently 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.