Whittier Trust Co. Has $1.63 Million Position in Relx Plc (NYSE:RELX)

Whittier Trust Co. grew its position in Relx Plc (NYSE:RELX - Free Report) by 44.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,880 shares of the technology company's stock after buying an additional 11,114 shares during the quarter. Whittier Trust Co.'s holdings in Relx were worth $1,629,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Relx by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company's stock valued at $39,225,000 after purchasing an additional 104,999 shares in the last quarter. Paradigm Asset Management Co. LLC lifted its stake in Relx by 17.1% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 81,600 shares of the technology company's stock valued at $3,706,000 after purchasing an additional 11,900 shares during the last quarter. LGT Group Foundation bought a new stake in shares of Relx during the fourth quarter worth $257,000. Smartleaf Asset Management LLC grew its stake in shares of Relx by 120.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company's stock worth $548,000 after buying an additional 6,588 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Relx during the fourth quarter worth $301,000. 15.02% of the stock is owned by institutional investors.

Relx Trading Down 0.9 %

Shares of NYSE:RELX traded down $0.47 during trading on Wednesday, reaching $49.93. The stock had a trading volume of 585,714 shares, compared to its average volume of 726,156. 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. The firm's fifty day moving average is $49.34 and its 200 day moving average is $47.76. The stock has a market cap of $92.66 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.73 and a beta of 0.90.

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Relx Increases Dividend

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

Analysts Set New Price Targets

RELX has been the topic of a number of research reports. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. StockNews.com cut Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday. They issued a "buy" rating for the company. Finally, Redburn Atlantic assumed coverage on shares of Relx in a research report on Wednesday, January 8th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

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.