Paradigm Asset Management Co. LLC Acquires 11,900 Shares of Relx Plc (NYSE:RELX)

Paradigm Asset Management Co. LLC lifted its holdings in Relx Plc (NYSE:RELX - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,600 shares of the technology company's stock after purchasing an additional 11,900 shares during the period. Relx comprises approximately 1.0% of Paradigm Asset Management Co. LLC's holdings, making the stock its 11th biggest position. Paradigm Asset Management Co. LLC's holdings in Relx were worth $3,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RELX. Creative Planning increased its position in Relx by 10.3% in the third quarter. Creative Planning now owns 142,224 shares of the technology company's stock worth $6,750,000 after buying an additional 13,294 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Relx by 3.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,874 shares of the technology company's stock worth $611,000 after acquiring an additional 416 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Relx by 33.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,952 shares of the technology company's stock worth $188,000 after acquiring an additional 1,000 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Relx by 5.6% during the third quarter. Sequoia Financial Advisors LLC now owns 16,036 shares of the technology company's stock valued at $761,000 after purchasing an additional 844 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Relx during the third quarter valued at approximately $1,268,000. Hedge funds and other institutional investors own 15.02% of the company's stock.

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Relx Price Performance

Shares of Relx stock traded up $0.56 on Tuesday, hitting $49.75. 556,159 shares of the company traded hands, compared to its average volume of 582,495. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The business has a 50-day simple moving average of $48.18 and a 200 day simple moving average of $47.38. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a market capitalization of $92.45 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

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

Analyst Ratings Changes

RELX has been the topic of several recent analyst reports. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a research report on Saturday. Redburn Atlantic began coverage on Relx in a research note on Wednesday, January 8th. They issued a "buy" rating for the company.

Relx 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.