Wells Fargo & Company MN Has $58.56 Million Holdings in Relx Plc (NYSE:RELX)

Wells Fargo & Company MN cut its position in shares of Relx Plc (NYSE:RELX - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,289,270 shares of the technology company's stock after selling 22,046 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of Relx worth $58,559,000 at the end of the most recent quarter.

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

Relx Price Performance

Shares of NYSE RELX traded up $0.75 during mid-day trading on Monday, reaching $49.87. 183,905 shares of the company traded hands, compared to its average volume of 721,403. The firm has a market cap of $92.30 billion, a PE ratio of 26.81, a price-to-earnings-growth 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 fifty-two week low of $40.25 and a fifty-two week high of $51.99. The stock has a fifty day simple moving average of $49.29 and a 200-day simple moving average of $47.87.

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Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.5586 per share. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Relx's previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx's dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. Redburn Atlantic started coverage on shares of Relx in a report on Wednesday, January 8th. They issued a "buy" rating on the stock. The Goldman Sachs Group initiated coverage on shares of Relx in a report on Wednesday, March 26th. They set a "buy" rating for the company. Finally, StockNews.com cut shares of Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy".

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.