Massachusetts Financial Services Co. MA acquired a new position in shares of Relx Plc (NYSE:RELX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 52,158 shares of the technology company's stock, valued at approximately $2,369,000.
Several other hedge funds have also recently bought and sold shares of RELX. Private Trust Co. NA grew its position in 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 acquiring an additional 199 shares during the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of 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. Peapack Gladstone Financial Corp increased its position in Relx by 5.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company's stock worth $234,000 after purchasing an additional 267 shares in the last quarter. Marks Group Wealth Management Inc lifted its stake in Relx by 1.3% in the 4th quarter. Marks Group Wealth Management Inc now owns 26,196 shares of the technology company's stock valued at $1,190,000 after purchasing an additional 325 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Relx by 7.7% in the fourth quarter. TD Private Client Wealth LLC now owns 4,943 shares of the technology company's stock valued at $224,000 after buying an additional 354 shares in the last quarter. 15.02% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Relx in a report on Wednesday, March 26th. They set a "buy" rating for the company. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. StockNews.com lowered Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Redburn Atlantic started coverage on Relx in a research note on Wednesday, January 8th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Relx has a consensus rating of "Buy".
Read Our Latest Stock Report on Relx
Relx Trading Up 1.3 %
RELX stock traded up $0.64 during trading on Monday, hitting $49.76. The company had a trading volume of 144,658 shares, compared to its average volume of 721,271. 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 one year low of $40.25 and a one year high of $51.99. The business has a 50-day moving average of $49.29 and a 200-day moving average of $47.87. The stock has a market cap of $92.10 billion, a PE ratio of 26.75, a PEG ratio of 2.73 and a beta of 0.84.
Relx Increases Dividend
The company also recently disclosed 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. 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 is 59.68%.
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.
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