Steward Partners Investment Advisory LLC Boosts Stock Position in Relx Plc (NYSE:RELX)

Steward Partners Investment Advisory LLC lifted its position in Relx Plc (NYSE:RELX) by 50.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,751 shares of the technology company’s stock after purchasing an additional 919 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Relx were worth $125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LGT Group Foundation purchased a new position in shares of Relx in the 4th quarter worth about $257,000. Jones Financial Companies Lllp boosted its holdings in shares of Relx by 17.5% in the 4th quarter. Jones Financial Companies Lllp now owns 8,856 shares of the technology company’s stock worth $402,000 after purchasing an additional 1,319 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Relx by 120.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 12,066 shares of the technology company’s stock worth $548,000 after purchasing an additional 6,588 shares in the last quarter. Capital Wealth Planning LLC boosted its holdings in Relx by 8.8% during the 4th quarter. Capital Wealth Planning LLC now owns 111,806 shares of the technology company’s stock valued at $5,078,000 after acquiring an additional 9,072 shares during the period. Finally, SVB Wealth LLC purchased a new stake in Relx during the 4th quarter valued at about $334,000. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Trading Up 2.5 %

Shares of RELX stock opened at $48.99 on Monday. Relx Plc has a 1-year low of $40.25 and a 1-year high of $51.99. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The business has a 50-day moving average of $48.86 and a 200 day moving average of $47.61. The stock has a market capitalization of $91.04 billion, a PE ratio of 26.34, a P/E/G ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a report on Friday. Redburn Atlantic assumed coverage on Relx in a report on Wednesday, January 8th. They set a “buy” rating for the company. Finally, StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Relx 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.