Atomi Financial Group Inc. Increases Stake in Relx Plc (NYSE:RELX)

Atomi Financial Group Inc. grew its position in Relx Plc (NYSE:RELX) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,569 shares of the technology company’s stock after acquiring an additional 663 shares during the quarter. Atomi Financial Group Inc.’s holdings in Relx were worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. LVW Advisors LLC increased its stake in Relx by 1.7% in the 2nd quarter. LVW Advisors LLC now owns 15,189 shares of the technology company’s stock worth $697,000 after buying an additional 248 shares during the period. Sequoia Financial Advisors LLC increased its stake in Relx by 2.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,707 shares of the technology company’s stock worth $550,000 after buying an additional 260 shares during the period. Traveka Wealth LLC increased its stake in Relx by 4.5% in the 2nd quarter. Traveka Wealth LLC now owns 6,115 shares of the technology company’s stock worth $281,000 after buying an additional 264 shares during the period. Commonwealth Equity Services LLC increased its stake in Relx by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,145 shares of the technology company’s stock worth $741,000 after buying an additional 316 shares during the period. Finally, Cetera Investment Advisers increased its stake in Relx by 0.6% in the 2nd quarter. Cetera Investment Advisers now owns 61,005 shares of the technology company’s stock worth $2,799,000 after buying an additional 339 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of Relx stock opened at $46.63 on Wednesday. Relx Plc has a 1 year low of $33.94 and a 1 year high of $48.91. The firm’s 50-day moving average is $46.61 and its two-hundred day moving average is $44.91. The stock has a market cap of $87.11 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.34 and a beta of 0.89.

Relx Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.234 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 2nd. Relx’s payout ratio is 27.17%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RELX shares. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st. Citigroup upgraded shares of Relx to a “strong-buy” rating in a report on Tuesday, September 17th.

About Relx

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.