Orion Portfolio Solutions LLC Reduces Holdings in Relx Plc (NYSE:RELX)

Orion Portfolio Solutions LLC decreased its stake in Relx Plc (NYSE:RELX - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 209,120 shares of the technology company's stock after selling 7,574 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Relx were worth $9,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RELX. CENTRAL TRUST Co boosted 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 valued at $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc bought a new position in Relx during the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of Relx in the 4th quarter valued at $43,000. Private Trust Co. NA raised its holdings in Relx by 119.9% during the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company's stock worth $49,000 after buying an additional 566 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in shares of Relx in the fourth quarter valued at about $74,000. Hedge funds and other institutional investors own 15.02% of the company's stock.

Relx Stock Performance

NYSE RELX traded up $0.26 during trading hours on Tuesday, hitting $50.67. The company's stock had a trading volume of 320,825 shares, compared to its average volume of 754,560. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market cap of $94.05 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company's 50 day simple moving average is $49.53 and its two-hundred day simple moving average is $47.84. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99.

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Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, May 9th will be issued a $0.5586 dividend. This represents a dividend yield of 1.6%. This is an increase from Relx's previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. Relx's dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

RELX has been the topic of several research reports. Barclays upgraded shares of Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They issued a "buy" rating on the stock. The Goldman Sachs Group assumed coverage on Relx in a research report on Wednesday, March 26th. They issued a "buy" rating for the company. Finally, StockNews.com cut 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, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

Relx Company Profile

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.