Allspring Global Investments Holdings LLC Acquires 1,462 Shares of Relx Plc (NYSE:RELX)

Allspring Global Investments Holdings LLC boosted its position in Relx Plc (NYSE:RELX) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,336 shares of the technology company’s stock after acquiring an additional 1,462 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Relx were worth $651,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in Relx by 0.9% in the third quarter. Venturi Wealth Management LLC now owns 24,164 shares of the technology company’s stock valued at $1,147,000 after acquiring an additional 214 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in Relx by 5.3% in the third quarter. Axxcess Wealth Management LLC now owns 5,270 shares of the technology company’s stock valued at $250,000 after acquiring an additional 266 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Relx by 5.7% in the third quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock valued at $234,000 after acquiring an additional 267 shares during the last quarter. EWA LLC boosted its holdings in Relx by 5.2% in the third quarter. EWA LLC now owns 5,501 shares of the technology company’s stock valued at $253,000 after acquiring an additional 272 shares during the last quarter. Finally, Marks Group Wealth Management Inc boosted its holdings in Relx by 1.3% in the fourth quarter. Marks Group Wealth Management Inc now owns 26,196 shares of the technology company’s stock valued at $1,190,000 after acquiring an additional 325 shares during the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of RELX opened at $49.22 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. Relx Plc has a 1 year low of $40.25 and a 1 year high of $51.99. The stock has a market cap of $91.47 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The stock’s 50-day moving average price is $48.18 and its two-hundred day moving average price is $47.38.

Relx Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Saturday. Redburn Atlantic assumed coverage on Relx in a report on Wednesday, January 8th. They set a “buy” rating on the stock.

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.