MML Investors Services LLC Boosts Stock Holdings in Relx Plc (NYSE:RELX)

MML Investors Services LLC boosted its holdings in Relx Plc (NYSE:RELX - Free Report) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,643 shares of the technology company's stock after acquiring an additional 8,831 shares during the quarter. MML Investors Services LLC's holdings in Relx were worth $5,525,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. CENTRAL TRUST Co lifted its position in 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 purchasing an additional 529 shares during the period. Versant Capital Management Inc purchased a new stake in Relx during the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new position in shares of Relx during the 4th quarter valued at $43,000. Brown Brothers Harriman & Co. boosted 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 worth $44,000 after buying an additional 662 shares during the last quarter. Finally, Private Trust Co. NA grew 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 worth $56,000 after acquiring an additional 199 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Stock Performance

NYSE RELX traded up $0.33 on Friday, reaching $53.50. 518,300 shares of the stock were exchanged, 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. Relx Plc has a one year low of $40.77 and a one year high of $53.56. The firm has a market capitalization of $99.02 billion, a PE ratio of 28.76, a PEG ratio of 2.73 and a beta of 0.84. The company's 50-day simple moving average is $49.53 and its two-hundred day simple moving average is $48.23.

Relx Increases Dividend

The company 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 dividend of $0.5586 per share. This is a boost from Relx's previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. Relx's payout ratio is 59.68%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RELX. StockNews.com downgraded 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 research note on Wednesday, January 8th. They issued a "buy" rating 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. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, March 26th. They issued a "buy" rating on the stock. Finally, Morgan Stanley reissued an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Relx currently has a consensus 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.