HighTower Advisors LLC decreased its position in shares of Relx Plc (NYSE:RELX - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,830 shares of the technology company's stock after selling 5,251 shares during the period. HighTower Advisors LLC's holdings in Relx were worth $4,898,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in RELX. CENTRAL TRUST Co grew 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 valued at $26,000 after buying an additional 529 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Relx during the fourth quarter valued at about $31,000. Sierra Ocean LLC bought a new position in shares of Relx during the fourth quarter valued at about $43,000. Private Trust Co. NA grew its stake in shares of Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company's stock valued at $49,000 after buying an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of Relx during the fourth quarter valued at about $74,000. Hedge funds and other institutional investors own 15.02% of the company's stock.
Relx Trading Up 0.1 %
Shares of NYSE RELX traded up $0.07 during trading hours on Friday, hitting $49.96. The company's stock had a trading volume of 605,328 shares, compared to its average volume of 730,044. 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 stock has a market cap of $92.72 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.73 and a beta of 0.90. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99. The business has a 50-day simple moving average of $49.18 and a 200-day simple moving average of $47.70.
Relx Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a $0.5586 dividend. The ex-dividend date is Friday, May 9th. This is a boost from Relx's previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. Relx's dividend payout ratio (DPR) is presently 59.68%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on RELX. StockNews.com cut Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They issued a "buy" rating on the stock. Finally, Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th.
Read Our Latest Analysis on RELX
About Relx
(
Free Report)
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.
Featured Articles
Before you consider Relx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Relx wasn't on the list.
While Relx currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
