NewEdge Advisors LLC Has $1.81 Million Stock Position in Relx Plc (NYSE:RELX)

NewEdge Advisors LLC lifted its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,900 shares of the technology company's stock after purchasing an additional 6,616 shares during the period. NewEdge Advisors LLC's holdings in Relx were worth $1,812,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. CENTRAL TRUST Co lifted its holdings in 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 acquiring an additional 529 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Relx in the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in Relx during the fourth quarter valued at approximately $43,000. Brown Brothers Harriman & Co. increased its position in shares of Relx by 218.5% during 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 raised its position in Relx by 19.2% in the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock worth $56,000 after purchasing an additional 199 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RELX. Morgan Stanley restated an "overweight" rating on shares of Relx in a report on Wednesday, April 16th. The Goldman Sachs Group initiated coverage on Relx in a research report on Wednesday, March 26th. They issued a "buy" rating on the stock. Redburn Atlantic initiated coverage on Relx in a research note on Wednesday, January 8th. They set a "buy" rating for the company. Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. Finally, StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Relx presently has a consensus rating of "Buy".

Relx Stock Up 2.0 %

Shares of RELX opened at $53.10 on Wednesday. The company has a market capitalization of $98.28 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.73 and a beta of 0.84. Relx Plc has a 52 week low of $40.25 and a 52 week high of $53.15. The stock's 50-day moving average price is $49.41 and its 200-day moving average price is $48.09. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. This represents a yield of 1.6%. 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. Relx's payout ratio is presently 59.68%.

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.

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