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

Steward Partners Investment Advisory LLC lifted its stake in shares of Relx Plc (NYSE:RELX) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co raised its stake in shares of Relx by 1,290.2% during the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock valued at $26,000 after purchasing an additional 529 shares during the period. Versant Capital Management Inc bought a new stake in shares of Relx during the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new stake in shares of Relx during the 4th quarter valued at $43,000. Private Trust Co. NA raised its stake in shares of Relx by 119.9% during the 3rd 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 period. Finally, Whipplewood Advisors LLC bought a new stake in shares of Relx during the 4th quarter valued at $74,000. 15.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays upgraded Relx from an “equal weight” rating to an “overweight” rating in a research note on Friday. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Redburn Atlantic assumed coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock.

Relx Price Performance

Shares of NYSE RELX opened at $48.99 on Monday. The firm has a market capitalization of $91.04 billion, a P/E ratio of 26.34, a P/E/G 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. The stock’s 50-day simple moving average is $48.86 and its two-hundred day simple moving average is $47.61. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99.

Relx Increases Dividend

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

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.