Relx Plc (NYSE:RELX) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its holdings in Relx Plc (NYSE:RELX - Free Report) by 120.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,066 shares of the technology company's stock after acquiring an additional 6,588 shares during the period. Smartleaf Asset Management LLC's holdings in Relx were worth $548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Relx by 8.3% in the 3rd quarter. FMR LLC now owns 7,148,837 shares of the technology company's stock valued at $339,284,000 after purchasing an additional 548,423 shares during the last quarter. Bank of Montreal Can lifted its position in Relx by 194.9% in the third quarter. Bank of Montreal Can now owns 227,211 shares of the technology company's stock valued at $10,806,000 after buying an additional 150,163 shares during the last quarter. ABC Arbitrage SA purchased a new position in Relx during the fourth quarter worth about $6,296,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Relx during the third quarter valued at about $6,366,000. Finally, Reynders McVeigh Capital Management LLC increased its position in shares of Relx by 31.8% during the third quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company's stock valued at $23,493,000 after acquiring an additional 119,405 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company's stock.

Relx Stock Up 1.8 %

Shares of NYSE:RELX traded up $0.84 during trading hours on Friday, reaching $48.08. The stock had a trading volume of 526,959 shares, compared to its average volume of 604,331. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The firm's 50 day moving average is $48.57 and its 200-day moving average is $47.52. The stock has a market capitalization of $89.36 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 2.73 and a beta of 0.90. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52.

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Relx Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 1.6%. This is an increase from Relx's previous semi-annual dividend of $0.23. Relx's dividend payout ratio is presently 59.68%.

Analysts Set New Price Targets

A number of research firms recently weighed in on RELX. Redburn Atlantic began coverage on shares of Relx in a research report on Wednesday, January 8th. They set a "buy" rating for the company. StockNews.com lowered Relx from a "buy" rating to a "hold" rating in a research report on Tuesday.

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.