Whittier Trust Co. Purchases 11,114 Shares of Relx Plc (NYSE:RELX)

Whittier Trust Co. increased its holdings in Relx Plc (NYSE:RELX - Free Report) by 44.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,880 shares of the technology company's stock after acquiring an additional 11,114 shares during the period. Whittier Trust Co.'s holdings in Relx were worth $1,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RELX. CENTRAL TRUST Co raised its position in Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after acquiring an additional 529 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Relx during the 4th quarter worth approximately $31,000. Sierra Ocean LLC bought a new stake in shares of Relx in the 4th quarter worth approximately $43,000. Private Trust Co. NA lifted its stake in Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company's stock valued at $49,000 after purchasing an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Relx during the fourth quarter valued at $74,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Performance

RELX stock traded up $0.58 during midday trading on Tuesday, reaching $50.39. 344,200 shares of the company's stock traded hands, compared to its average volume of 726,982. The firm has a market capitalization of $93.53 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a 50-day moving average price of $49.34 and a two-hundred day moving average price of $47.76. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. 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 business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. This is a positive change from Relx's previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. Relx's payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com lowered Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Finally, Redburn Atlantic began coverage on shares of Relx in a research report on Wednesday, January 8th. They set a "buy" rating for the company.

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.