Notis McConarty Edward bought a new position in shares of Relx Plc (NYSE:RELX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,755 shares of the technology company's stock, valued at approximately $307,000.
Several other hedge funds have also modified their holdings of RELX. JPMorgan Chase & Co. raised its position in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company's stock valued at $39,225,000 after acquiring an additional 104,999 shares in the last quarter. LGT Group Foundation bought a new position in Relx during the fourth quarter worth $257,000. Paradigm Asset Management Co. LLC lifted its stake in shares of Relx by 17.1% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company's stock valued at $3,706,000 after buying an additional 11,900 shares during the period. Smartleaf Asset Management LLC lifted its position in Relx by 120.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company's stock worth $548,000 after purchasing an additional 6,588 shares during the period. Finally, Merit Financial Group LLC bought a new stake in Relx in the fourth quarter valued at about $301,000. 15.02% of the stock is owned by hedge funds and other institutional investors.
Relx Price Performance
Relx stock traded down $0.23 during mid-day trading on Thursday, reaching $48.31. 576,389 shares of the company were exchanged, compared to its average volume of 722,818. The company has a fifty day simple moving average of $49.32 and a 200-day simple moving average of $47.86. The firm has a market cap of $89.67 billion, a PE ratio of 25.89, a PEG ratio of 2.73 and a beta of 0.84. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99.
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 given a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. This is a positive change from Relx's previous semi-annual dividend of $0.23. Relx's payout ratio is currently 59.68%.
Analyst Ratings Changes
RELX has been the subject of several recent analyst reports. Redburn Atlantic assumed coverage on shares of Relx in a report on Wednesday, January 8th. They set a "buy" rating for the company. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. StockNews.com cut shares of Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Relx in a research report on Wednesday, March 26th. They set a "buy" rating for the company. One equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on Relx
Relx Company Profile
(
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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