Rhumbline Advisers Acquires 1,627 Shares of Relx Plc (NYSE:RELX)

Rhumbline Advisers raised its holdings in Relx Plc (NYSE:RELX) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,495 shares of the technology company’s stock after buying an additional 1,627 shares during the quarter. Rhumbline Advisers’ holdings in Relx were worth $1,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ABC Arbitrage SA bought a new stake in Relx in the 4th quarter valued at $6,296,000. Allspring Global Investments Holdings LLC increased its holdings in Relx by 11.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,336 shares of the technology company’s stock valued at $651,000 after buying an additional 1,462 shares during the period. Marks Group Wealth Management Inc grew its holdings in shares of Relx by 1.3% in the 4th quarter. Marks Group Wealth Management Inc now owns 26,196 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 325 shares during the last quarter. Arlington Partners LLC grew its holdings in shares of Relx by 9.5% in the 4th quarter. Arlington Partners LLC now owns 91,833 shares of the technology company’s stock worth $4,171,000 after purchasing an additional 7,943 shares during the last quarter. Finally, WCM Investment Management LLC grew its holdings in shares of Relx by 86.7% in the 4th quarter. WCM Investment Management LLC now owns 48,035 shares of the technology company’s stock worth $2,181,000 after purchasing an additional 22,308 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RELX shares. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday. Redburn Atlantic started coverage on shares of Relx in a report on Wednesday, January 8th. They issued a “buy” rating on the stock.

Relx Stock Up 1.0 %

Shares of NYSE RELX opened at $48.98 on Wednesday. The firm’s 50-day simple moving average is $48.48 and its 200 day simple moving average is $47.51. The company has a market cap of $91.02 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99.

Relx Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a dividend of $0.5586 per share. This is an increase from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

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.