Hancock Whitney Corp Reduces Stake in Relx Plc (NYSE:RELX)

Hancock Whitney Corp trimmed its holdings in Relx Plc (NYSE:RELX) by 8.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,841 shares of the technology company’s stock after selling 530 shares during the quarter. Hancock Whitney Corp’s holdings in Relx were worth $268,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RELX. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Relx by 5.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,422 shares of the technology company’s stock worth $341,000 after purchasing an additional 403 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Relx by 17.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 66,389 shares of the technology company’s stock worth $2,988,000 after buying an additional 9,887 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Relx by 4.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 145,840 shares of the technology company’s stock worth $6,691,000 after buying an additional 6,671 shares during the last quarter. Wealth Alliance increased its position in Relx by 6.2% during the second quarter. Wealth Alliance now owns 9,828 shares of the technology company’s stock worth $451,000 after buying an additional 572 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Relx by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock valued at $136,155,000 after buying an additional 169,284 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Price Performance

Shares of NYSE RELX opened at $48.86 on Tuesday. The stock has a fifty day moving average price of $46.29 and a 200 day moving average price of $44.63. Relx Plc has a 1-year low of $33.13 and a 1-year high of $48.91. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.

Relx Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd were paid a $0.234 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 2nd.

Wall Street Analysts Forecast Growth

RELX has been the subject of several research reports. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. Citigroup raised shares of Relx to a “strong-buy” rating in a report on Tuesday, September 17th.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.