Relx Plc (NYSE:RELX) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in shares of Relx Plc (NYSE:RELX - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,010 shares of the technology company's stock after selling 5,172 shares during the period. US Bancorp DE's holdings in Relx were worth $11,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RELX. SVB Wealth LLC acquired a new position in shares of Relx in the fourth quarter worth about $334,000. Private Trust Co. NA raised its position in shares of Relx by 19.2% in the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock valued at $56,000 after purchasing an additional 199 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Relx in the 4th quarter valued at approximately $74,000. Denali Advisors LLC boosted its stake in shares of Relx by 3.6% during the 4th quarter. Denali Advisors LLC now owns 15,926 shares of the technology company's stock valued at $723,000 after buying an additional 557 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Relx by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 248,626 shares of the technology company's stock worth $11,293,000 after buying an additional 12,841 shares in the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Stock Performance

RELX traded up $0.84 during trading hours on Friday, hitting $48.08. 526,959 shares of the stock were exchanged, compared to its average volume of 604,331. The stock has a market cap of $89.36 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The stock has a 50-day simple moving average of $48.57 and a 200-day simple moving average of $47.52. 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.

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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 given a $0.5586 dividend. This is an increase from Relx's previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. The ex-dividend date is Friday, May 9th. Relx's dividend payout ratio (DPR) is presently 59.68%.

Analyst Ratings Changes

Several research analysts have weighed in on RELX shares. Redburn Atlantic began coverage on shares of Relx in a 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 report on Tuesday.

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.